Currently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
In the previous week, price did not break down as expected. So now I am aiming towards price testing the previous high from the last year. Watch for the 87.50 level as a reversal zone. Good luck and safe trading everyone
Hello Ladies and Gents.. USDJPY is currently in a descending channel, simply look for a sell signal at the top descending channel trendline and the top of our current pattern trendline. Good luck and safe trading
This a simple way of using MACD to predict impulses. These small blips (spheres) serve as buy signals. The blips form when corrections appear after impulses. So on our indicator window watch for a small blip into the red histogram and buy around the trendline. Good luck.
Hey fellow traders. Here on AUDCHF we have an almost complete 5 waves up. You should wait for the completion of our 5 wave structure before taking any shorts to the downside. I anticipate two targets. Good luck to all.
We are currently waiting for the completion of our trend continuation pattern. When we reach the upper trendline watch for signs of reversal to enter short. After this you should scout out opportunities to go long on this pair. Best of luck
Hey Traders, today on Gold we have an ascending channel. From the looks of it there is a corrective structure which should reach the bottom of the channel. If price reaches the bottom I will look to buy. With the help of MACD price is very predictive. There are big bullish formations on the MACD and very small ...
Here I have compiled a wide view of the next move for AUDNZD. The descending wedge has been broken and we should see an impulse to the upside. Be aware that a flat channel is in action on the 1 hour timeframe. Look for the breakout for a profitable trade to the upside.