US OIL on the monthly chart has approached a very important level of a clear resistance zone. On the weekly chart we can see that the market has been in a consolidation phase for the last few weeks. What we could expect is to see the price retrace between the resistance zone and ema 21 before a break or possibly a clear break of the structure retest of it and...
GBPJPY formed a beautiful Inverted Cup & Handle pattern along with a Bearish Flag pattern in 1 day time frame. After that price broke both the patterns with high Bearish momentum and is now on its retrenchment move and almost retesting 0.61 or 0.78 on the fib levels. Thus indicating the price to go short in the long run. Draw an uptrend line in a lower 4hr time...
Following an impulsive move upwards, and now we are in a bit of a corrective structure or consolidation, if you will, we might retest the trendline before continuing to the upside where the previous weekly high was.
This is part 2 of the pound/dollar analysis. As we stretch thin towards the upside for days, a pullback is most certainly likely to happen, possibly this week as we have finally reached the weekly trendline guiding the price's journey thus far.
Could the first sign of a corrective move already have happened? I mean we did end bearish last week, did we not?
A very likely scenario if we take into consideration that price broke the parallel channel to the downside for the second time now, but this time the probability of the downtrend continuing is very likely.
Lots of back-testing to do. But we may get a decent drop in price between prices 2000 and 2100 as with the past price action, price fell soon after the particular pattern was formed. I'm not one to start picking tops and bottoms but just a thought. Great hunting this week everyone, looking forward to another round next week :)
This is my weekly perspective on TCS. If the resistance is broken then expecting a good movement. Only for educational purpose. Also let me know your view on this post.
#XAUUSD #US500 #forex Gold S&P500 USOIL EUR/USD GBP/USD BITCOIN Weekly Outllook 27th -31st July
1) Double bottom at 4hrs 2) Price retesting at the neckline 3) Price broken structure a 1hrs with HH and then HL 4) 4hr EMA crossover 5) Divergence
ENGBTC is waiting for a weekly breakout (red rect). According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
@DXY- POSITIVE-NEUTRAL @EXY- NEUTRAL-NEGATIVE @SXY- NEGATIVE @JXY-POSITIVE @AXY-NEUTRAL-NEGATIVE OBVIOUS PAIRINGS ARE: LONG PAIRS: USDCHF, USDCAD SHORT PAIRS: EURUSD, EURJPY,AUDUSD,AUDJPY
here are my previsions for xau/usd we wish that the market will be stable . Since now the dollar has declined so as we know the gold is linked to dollar , and in this period the united states is preparing for a new wave of corona virus , due to those reasons the dollar has declined ...so stay tuned for today i am observing the market for news and we wish that the...
Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement. We strongly believe that symmetrical triangle is one of the most frequently appearance in...
Wow! What a nice trendline bounce we had last week! Looking for some more action this week by seeing if we can keep the bullish pace up to the monthly level or make a return to the weekly zone, but this time to break through the trendline and let the bears take over. Now I am seeing a potential double top trade for the short when we reach the first bull tp. But...
From the daily timeframe, it looks like a giant pullback for the bull. But I need to wait for it to hit my zone to get a confirm if that's what I'm looking at. Until then, move with the trend. BULL TPS: • 1.24148 • 1.25035 • 1.26343 BEAR TPS: • 1.23018 • 1.22306 • 1.21150
This is looking like a potential key level trade setup for the bull. Waiting to see if we can get that magic 2nd touch before take-off, or will we keep on tanking for a continued short. BULL TPS: • 133.397 • 134.960 • 136.093 BEAR TPS: • 131.803 • 130.777 • 129.549