After the resistance broke the market is about to hit the 2200 level.
Maybe we see a pullback, but I am pretty sure, the market will break the 2200 level in the next 2 weeks.
The 10800 is a very important resistance.
But we are in a upward trend and often trends are stronger then support or resistance.
I think the market will break the 10800 in the next few weeks.
The support zone broke, now there are three possibilities.
1. Pullback to the support zone and further short moves.
2. The market doesnt't care about the resistance and continues the upward trend.
3. The market falls even lower.
I am waiting till the market shows me which off those possibilities are most likeable
The market established a new upside trend.
But it is naturally, if this trend pulls back a bit.
I think if the market breaks the 10150 level it could go down a bit more.
Since 2016 AUDUSD is in a upward trend, but don't forget to look at W1
There you will see that AUDUSD is in a downward trend and this trend could start to continue.
The market is in a stable downward trend, which set back a bit.
The market could continue the downward trend, but there is a problem.
The market is also in a smaller upward trend (yellow and pink)
I think the market will ignore the smaller downward trend, but be aware of this trend.
GBPUSD is in a stable downward trend.
But since the last low it moved a bit.
I think in the next few weeks we will see higher prices, but then turn around and continue the downward trend.
Even if the market is in a range it doesn't mean there are no trends.
The market is in a downward trend.
I would say the most it can run is 1.04536
I am not a fan from those kind of trades, but they are possible
So even in ranges you can trade trends.
It is a very young trend on D1.
This entails a certain risk, but if the idea works it has huge potential.
Maby it is not perfect, but give it a shoot, with a little less risk than usuall ;)
The trend on W1 is up as well as the trend on D1.
This is a very godd opportunity to trade apple.
If two trends show in the same direction , it is likely they continue.
So have a look at apple in the next few weeks.
Google moved a lot since the last low.
I think that Google won't move much higher.
So be careful with long trades.
P.S If you trade on a M5 chart and you are thinking to close your long trade now, notice that this is a weekly chart :D
If we take a look at the large trend on D1 we can clearly notice a downward trend.
We are in a smaller upward trend , but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller...
