I am paying close attention to 0.674 - 0.675 zone on AUDUSD.
This zone unifies a horizontal structure on the left and projection of a bearish leg of a harmonic movement
in conjunction with 618 Fibonacci level.
I set the alert on 0.675 level and will look for confirmation signal on 1H chart.
Target levels will...
GBPAUD still respects the boundaries of the rising channel.
on Friday pair has reached 1.87 level.
what is interesting about this level is that
first of all, it matches perfectly with the rising resistance of the channel and
secondly, we see that in the past this level was respected by the market.
I was asked to share my thoughts on nat.gas :)
on a daily the market has reached a key level of support:
conjunction of horizontal support with a falling trendline of a broken channel and rsi divergence.
I think that buyers will push the market to higher levels.
Key levels of resistance are:
Gold ultimately slipped into bear territory as it breached the long standing support of the diagonal black trendline on closing basis ending well below the $1500. The downturn was further triggered by a host of positive news coming from different parts of the globe toning down the tensions with the pick of the lot being “an agreement for further agreements”...
GBPNZD has pulled back to daily resistance and previous triple top. 4hr bollinger band offers further resistance. RSI and Stochastic suggest an overbought market and an Stoch. cross a loss of momentum. Brexit uncertainty has increased over the weekend so we are now awaiting bearish price action.
Hope this idea will inspire some of you !
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COPPER C WAVE
weekly trend LONG
For access to this script, subscribe at the website listed below.
Easy chart set up with a trend wave. The indicator is set on 1 minute and weekly timeframe in the input.
Advantages: Can select from many...
Friday market sold off hard during last hour of RTH session.
Overnight session market has been selling of as well.
Need to see a test of overnight Low before deciding on direction.
Level to watch 2964---2962
GOLD WILL MOVE AS PER PREVIOUS
LOOKS INSIDE THE FALLING CHANNEL THEN IF REJECTS THE TO WILL FALL MASSIVELY IF BRAKE THE 1512 WILL MOVE TO 1555 AGAIN AND THEN FALL
AND CREATE THIS PATTERN
ALL WE NEED IS PATIENTS.
The technical cross-section**:
A strength of trend: 0
The priority area of transactions: selling
Selling in the area of 1,1050 with a stop above 1,1090 and a profit in area 1,0980.
Selling in the area of 1,1120 with a stop above 1,1160 and a profit in area 1,1000.
The technical cross-section:
Need I say more? This is a very simple set up. The trend has been down for some time now, price has pulled back to a resistance level trying to blow through before the market closed last week only to fail and put a nice wick to the upside showing a failed breakout. Further downside is expected on this pair.
EURNZD is now testing key resistance area at the top of this range. We are awaiting bearish price action. Daily bollinger bands, overbought market and bearish stochastic indicator point to a further move to the downside.
Updated chart for BNB/USDT. RSI is above 50, which is a bullish sign. Right now we are testing the upper border of the falling channel. Targets are still the same(1st target is around $20, 2nd target is gonna be between $24-26). Good luck everyone!
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