Reason it will fall: - now the price hit key support / SR Flip. - Falling Wedges Formation With RR 1:2 Happy Trading
Break downtrend channel, find entry sell at retracement at 0.786, which is the same level with fresh supply area.
Why GBPUSD will going down? - price compressed approached to marked supply area. - Falling Wedges Formation. High RR Happy Trading
- Break Uptrendline, it on retracement. - hit fresh supply zone.
Resistance become Support, RR Ratio 1:3.
Sell USDTRY Hit Fresh Supply H4. RR 1 : 2.3. Happy Trading.
RR Ratio 1:2. Short Term. Happy Trading.
RR Ratio 1:2. Long Term. Happy Trading.
EURCAD in Channel Downtrend with potential RR 1:3. Happy Trading.
Strong base for going up: - Triple bottom on flag limit (blue box). - Bullish flag (wedges formation) in D1 chart. - forming smaller bullish flag on last 5 candlestick (see lower TF)
Based on my perspective, Gold in the peak of uptrend and will find key resistance to trigger reversal. After going up about 200 pips, hit resistance & the reaction is rejection, it will probably engulfed down for 1000 pips :). if resistance break, it will be another scenario.
Second test on demand Area. RR 1: >2 Happy trading.
Head & Shoulder Pattern Buy & Sell Strategy. Happy Trading.
Bullish Reason for XAUUSD 1. Hit Demand. 2. Price will going up for retracement after break the trendline.