BambooGrowth

BambooGrowth

Gold changing trend to major bullish. Price action shows the last 3 years lows between Oct to December, before price resumes bullish. I am short term bearish, looking for long term buying (november)

BambooGrowth

Triangle breakout since brexit. Also Ascending channel - Confluence of support .3200 Ascending channel makes me more bearish . See how price reacts on that confluence of support To see more freeweekly forecast - visit www.bamboogrowth.org

BambooGrowth

2 Ascending channels formed - Note how the first technical break occurred and retested that channel twice. Second Ascending channel not yet broken. Ascending channels is a bearish implication. A break below Ascending channel 1.1060 would expose 1.0550

BambooGrowth

Gold bounced up from 1300 horizontal support level (also 2015 high), but we are not yet bullish on Gold. Only a daily close above that Descending channel (currently at 1330) will expose the 2011 Trend line resistance (currently at 1355) We will stand aside this week to see how prices react around that 1330 level before taking on any trades. Current prices not...

BambooGrowth

GbpUsd formed a Triangle pattern and with the technical break that happened last week and we will be looking for a pullback to offer long entries with near term support between 1.3200 - 1.3150. Watch this week for any buy price action signals to trade inline with the triangle breakout to target next resistance at 1.3485/500. GbpUsd outlook remains constructive...

BambooGrowth

As discussed last week in more detail, our bearish view changed to bullish after a technical break above the 7 month Descending Channel. Also note the failed bearish pin bar on Thursday. This week we will look for price action buy signals on the 1 or 4 hourly charts to target the next horizontal resistance at 106.75

BambooGrowth

UsdCad formed a Triangle pattern, and we took a sell entry last week after the two bearish pin bars formed on the daily graph (retest of pattern). UsdCad closed below the near term support of 1.3000 level and formed a bearish pin bar candle on the weekly charts (not shown here). We will remain bearish on UsdCad to target prices lower

BambooGrowth

NzdUsd formed a bearish Triangle (also called a rising wedge pattern), which retested that broken support (now resistance) and formed a bearish pin bar on Friday. Also note the bearish pin bar on the weekly chart (last week), which is still in play This week we will be looking to add to our current position to target the next support area at 0.71115 and key...

BambooGrowth

Last week we took a 4% profit on the AudUsd after the bearish pin bar formed (more than 2 weeks ago) on that key confluence of resistance. This week we will remain bearish whilst under that 2013 Channel Resistance (currently at 0.7680) and we will target the channel support from January 2016 0.7400

BambooGrowth

False break above the big ascending channel. closed below the trend line since 2016 high. target 1.1060

BambooGrowth

Weekly bearish pin bar and triangle breakout. target 0.7000

BambooGrowth

Short this week and target channel support from Jan 2016

BambooGrowth

Ascending channel

BambooGrowth

Bearish pin bar - also see next chart of the 4 hourly ascending channel

BambooGrowth

Triangle within another triangle

BambooGrowth

Break of channel will expose 0.7500

BambooGrowth

Triangle breakout strategy

BambooGrowth

Update on my EurUsd analysis