NZDCAD is in a consolidation zone, even though the current price action is moving in an ascending channel. The market is testing the strong resistance level that the price has pushed back from several times. The price failed to make a new high at resistance. We expect a bearish move and test support level and a 50% fibo level. ------------------- Share your...
AUDNZD is trading in the descending channel, indicating a bearish trend. The market is currently moving to the resistance and 50% fibo levels. The market created a confluence level: the major trend is bearish, resistane, the upper border of the descending channel, and 50% fibo. We expect a trend continuation trade from confluence. ------------------- Share...
GOLD is approaching the support level and channel border. Price tested the support level and bounced off before. The market is basically in the consolidation zone, so price is testing the lower border of it. We are looking for buying opportunities if the price makes a false break of the support level. ------------------- Share your opinion in the comments...
GBPAUD is currently testing the structure resistance level and fibo extension level 141.4%. Price dropped from the psychological level 1.9200 before. Price action printed a bearish harmonic pattern as extra confirmation. We expect the price to return to the channel which is going to be a false breakout. ------------------- Share your opinion in the comments...
EURNZD is near the resistance at 1.81000, which is a psychological level as well. It is trading in the descending channel. Price made a pullback from the support. There's a nice confluence zone to short at the resistance level, 61.8% fibo level. We expect a bearish move from the kill zone. ------------------- Share your opinion in the comments and support...
GOLD is in the consolidating zone following the drop from the resistance. Price broke and closed below the level that was tested many times, which is the essential border of the consolidation zone. We anticipate a pullback from the consolidation zone border and short the market from it. Possibly breakout of the channel and further move...
EURGBP is completing the AB=CD pattern. We can see some divergence on the support level and a potential double bottom. We expect the price to retest the resistance levels; if the price creates a false breakout at the support level, then the price may pullback, bouncing off the channel lower border. ------------------- Share your opinion in the comments and...
GBPNZD broke and closed below the support level, which became the resistance level. The market created equal highs at the resistance level. There's a nice confluence zone to short at the consolidation zone that acts as resistance. We expect a pullback from the resistance and a breakout of the channel. ------------------- Share your opinion in the comments...
UKOIL is trading in the descending channel. Price broke and closed below the resistance level at 87.00, which creates a confluence zone to short the market. We can see the market has created a consolidation zone around this level, which means it's an important level. We anticipate a bearish move by completing the AB=CD pattern. ------------------- Share your...
NZDCAD is approaching the major structure resistance level completing the bearish harmonic pattern. The market shows a divergence, which means we might see a short term pullback. We expect structure-based trade from the psychological level 0.82000. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD is still consolidating at the major resistance level. The market decelerated while approaching the level, and it shows massive divergence. On the D chart, we have a big bearish hamocnic pattern, which is extra confirmation. We expect a pullback from the major resistance and the dynamic resistance. ------------------- Share your opinion in the comments...
EURCAD is moving in a descending channel, which is a retracement on a larger scale. The market made a false breakout of the previous low. Price tested the psychological level at 1.46000 and bounced off it. We expect a bullish move and a test of the channel upper border. ------------------- Share your opinion in the comments and support the idea with a like....
NZDUSD is moving in an ascending channel. The market has reached the major resistance level at 0.59000. We can see the market printed double-top and dropped. And now price action has created a double at resistance. The price is near the psychological level, and if it rejects the level, then we might see a massive drop from it. --------------- Share your...
Consolidation, also known as sideways, flat, trading range, is one of the most important moments in understanding the workings of financial markets. Here we will not show examples of trades, entry points and other signals that can be used in a sideway moves. The task is to understand what consolidation is, how and why it is formed and how to use it in trading. ✴️...
GOLD bounced off the resistance level and dropped below the neckline of the double top. The market created a pinbar at resistance, indicating bearish dominance. Another sign of bearish dominance is the double top itself. The price failed to break above and close above. We expect a bearish move from the fibo golden zone and a retest of the support...
GBPUSD is testing the resistance zone, dynamic resistance, and 50% fibo level. Price action has previously rebounded from this level. The market broke and closed below the psychological level at 1.22000, which became the resistance. We expect the price to retest the support and AB=CD completion. ------------------- Share your opinion in the comments and...
AUDNZD is currently testing the structure resistance level by completing the AB=CD pattern. It's decelerating while approaching resistance; we have 3 tests of the channel border. The market is creating a divergence and a bearish harmonic pattern on the D chart. We expect a sell off from the resistance. ------------------- Share your opinion in the comments...
GOLD is decelerated since the market has reached a strong level and a fibo inversion level. Price made a huge bullish move and hit the 2000 level like a wall. This will lead to some relief. The market is likely to pullback from the major resistance because the price made a false break—a bearish pinbar. ------------------- Share your opinion in the comments...