You can see a clearly breakout in h4 timeframe Swing higher high and higher low are done, so it is confirmation a uptrend New support is entry zone. You can wait a signal here
Minor zone. It's uptrend and do scalp easily
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
I'm in this trade as of couple of weeks ago and it is along the lines of the other GBP pair analysis that I have posted here. This carry through momentum of both GBP strength and relative JPY weakness across the board is definitely flowing through to this pair. Again as long as the Green trend-line holds, I remain bullish with a potential target of around 2.1500
I like GOGO to move off this current support and make its way to the $27 range which is a mirror in length as shown in Orange and hits a 1.618 if you like your fibo's. Some resistance (or first targets) would be at the old high of $22-ish, and the $24-$25 zone from previous highs and where I think the 1.27 could chew up some momo.
Gold is looking to test there downward trendline and also looking to test the support just related to the trendline.If they could be able to break it then we will see more downward till the nearest support at 186 and if couldn't able to break it then we can go for a buy and will test the upper trendline.We can see two trendline in the upper side and then there are...
This trade was originally brought to our attention this weekend in Jason Stapleton's Forex Market Preview video "Studying Harmonics" ( www.youtube.com ) As I take a look at it today price action (after creating a LLLC) has retested the previous level of support which should now act as resistance. In addition to the structure level we also have a Fibonacci ratio...
Let 's try this again , Gold will most likely end up closing above it's 10 month MA. I will open a position if that the case and hold it till the end of the month. If it still above it's MA by month end , the position will remain open. Cheers Algo