My focus of late has really being focused on the performance of GOLD. Based on my technical view, expecting to see lower prices in the coming weeks. Share your thoughts, I would love to hear your views
A piece of price is a piece of cake. An almost completed flag formation. Entry is at current market price targeting TP1 around the 1837 area. Apply good risk management.
Enter at current market price with a sizeable lot size and good risk management and ride down with it all the way to around 1783
Looking to go long after seeing an almost complete formation of a mini flag. Set proper risk management and stop loss
Looking for more downside movement after the completion of the flag.
Going short if we do not break the above trend
This is my view from the Daily perspective. Share your comments, suggestions and contributions
Waiting to take advantage of SHORT opportunities as we see EU approaching a strong resistance zone.
Clean and clear sell setup based on price action and chart patterns
Since March of 202, the GBP has been in a steady upward channel carefully respecting the trendlines above and below. Looking for more upward movement to form a double top before we begin to look for opportunities to the downside.
Looking for downward movement to take advantage of short opportunities, unless we see a break above the resistance zone, we're looking for shorts.
Anticipating downward movement, price appears to be at resistance and formed a 'double top' in the zone above. Set your pending orders just below to target short opportunities
What appears to be forming is an expanding channel flag formation, anticipating large movement to the upside
This is what I see what I see from the daily perspective, a small flag formation signaling a potential impulsive move to the downside. I anticipate a long term downwards movement and preferably enter at current market price. Let me know what you think.
In this setup, we see what may be termed as a break out from a channel to form a larger expanding flag to the downside. We'll take advantage of the 'patterns inside of patterns' to highlight short opportunities on this pair. Set your pending orders below and stop loss as per your strategy. I'm taking on short opportunities on the GBP pairs for this week. Comment,...
If you're a chart pattern trader, you'll most likely be able to spot what looks likes downwards channel which we anticipate a short move to the downside. A multi-timeframe analysis should give sufficient confirmation for a sell setup. You may decide to enter at current market price or set your pending orders below. My preferred timeframe of entry is the 4 hour...