GOLD is creating the AB=CD pattern in the descending channel. The market broke and closed below the reaction zone at 2038 and the triangle formation. Price action is likely to test the support level, completing the D point. We expect a test of the support level. Contraction led to expansion. ------------------- Share your opinion in the comments and support...
AUDCHF broke and closed below the consolidation zone. Look left. Price action has previously reacted to that level by bounceing off it. The market created a breakout pullback continuation opportunity. We expect the price to keep falling, completing the AB=CD pattern. ------------------- Share your opinion in the comments and support the idea with a like....
CADJPY made a false breakout of the resistance level where price made equal highs. Price reacted to the resistance level at 108.500 by falling several times. The market shows massive divergence at the resistance level on the hourly chart, showing that bulls run out of steam. We expect a bearish move since the daily chart shows us...
UKOIL rebounded from the support level. Price decelerated while approaching the support level. The market has reached a significant level on the daily chart, so it makes sense to buy the market. We expect a bullish move to potentially break out of the descending channel. ------------------- Share your opinion in the comments and support the idea with like....
Why is it that when you feel that you should buy and you buy, the price goes down, and when you feel that you should sell, but do not open an order, the price immediately and sharply goes down? Murphy's Law? What should I do with my inner voice? Should I tell it to shut up or listen to it? In various sources, one can often find completely opposite opinions about...
Silver dropped from the resistance and broke the lower border of the descending channel. If we look closely, we can see that the price is near the reaction zone. It bounced off this level multiple times. If the market fails to break through the resistance level, we can sell at that level. We anticipate a breakout of the channel and further bearish...
GOLD rebounded from the resistance level. It entered the consolidation zone. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support and fibo golden zone at 61.8%. ------------------- Share your opinion in the comments, and support the idea with a...
GBPCAD market is trading in an ascending channel, and it created divergence at the resistance. Price made a double top at resistance and created an engulfing candle. On the daily chart, the price is actually at resistance, so it will be harder to break through it. We expect a pullback to the support level that perfectly lines up with the 50.0% fibo...
EURJPY is testing the resistance. It tested the resistance twice. It created a false breakout of the level at 158.500. Price movement is gaining momentum on 1-hourly timeframe, and we might see a sharp bearish move. We expect a pullback and bearish move since it printed the pinbar at resistance. ------------------- Share your opinion in the comments and...
GOLD broke and closed the major structure level at 2050 in the descending channel. The market pulled back from the support level. The market created a selling opportunity at fibo cluster 38.2% and 50% retracement level. We expect the price to drop from the kill zone and go down from there. --------------- Share your opinion in the comments and support the...
GBPJPY broke and closed above the descending channel. The market is approaching the confluence level, where we have a psychological level of 183.000, dynamic resistance, and a fibo cluster. The resistance level pushed the price lower. We expect a sharp bearish move if the price rejects the zone. ------------------- Share your opinion in the comments and...
AUDCAD broke and closed below the psychological level at 0.9000 that became resistance. The market is making low lows and lower closes in the descending channel, an indication of bear dominance. Price action is likely to move down from the kill zone, psychological level, and 38.2% fibo retracement level. We expect a trend-continuation...
GOLD is retracing following the bullish momentum. The market has rejected the resistance and bounced off it. Price is struggling to make new highs. As you can see, the market created a head-and-shoulders pattern, which is a reversal pattern. The market is likely to pullback from the major resistance. ------------------- Share your opinion in the comments and...
NZDJPY has been creating lower lows and lower closes in the descending channel. The market pulled back from its support level following AB=CD completion. The market created a pullback trading opportunity at resistance and the 50% fibo level. We expect the price to drop from the kill zone and go down from there. --------------- Share your opinion in the...
USDJPY has reached a confluence level where: resistance, fibo cluster, and harmonic pattern. Price action is testing a major resistance where the price made a sharp move down. A false break is going to be an ideal signal to short the market at the confluence level. We anticipate a bearish move and a test of the descending channel. ------------------- Share...
GOLD created a bearish harmonic pattern where the D point is at the resistance level and channel border. The market also created the fibo cluster, where we have fibo inversion levels. We expect a rebound from the resistance if the market decelerates while approaching the level. ------------------- Share your opinion in the comments, and support the idea with...
AUDUSD is trading in the ascending channel. It is testing the major daily resistance level. The market created the AB=CD pattern where the D point is complete right at the resistance and channel border. We expect a price retracement from the structre resistance since the market is overbought and it's bounced off the daily...
EURGBP broke and closed below the support level; breaking the channel, and it will most likely go down further. The market made a sharp move down from the resistance level on the D chart. We expect a breakout pullback and continuation price action. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!