So this crude oil looks like it is confused, actually not... A wolfwave at tops and bottoms are very nice indicators of reversals. The monthly hammer is an indicator for the price could be rejected to go lower, but retesting the low is not rule out! This one I keep an eye on, if it breaks down the lower support it might plunge. At least 41 will be visited and...
1H Timeframe chart tells the inner story of the bigger TF. Short now, thank me later!
This pair loves me and I love it back! Bullish div from weekly to even 1h tf. 4H tf zoomed in.
Crude oil has fallen out of the rising wedge, now it has been retesting it. Candles tell that there is selling pressure going on here. This is a good short for retracement. Good luck!
In an established trend never go against it! Now we have a good opportunity to buy the dip. Price hits channel and finds support and also 1h-30m-15m show bears are exhausted. Bullish div on all these timeframes. Good luck!
HUGE falling wedge is being made here, crossing the last downtrend channel at 36.70. Lower line of this falling wedge shows at the same time a megaphone pattern. The SL is at the channel support in the chart visible below. If that channel breaks we will see price in the 20's. That would be a serious world disaster then...
Yesterdays wick at support followed by green candle bar today. Bullish divergence on support, whats next?!
Looks like the downtrend channel is very powerfull! See previous ideas on this pair. Weekl picture:
Chart speaks cup with handle pattern completed, looking for a buy at the retrace.
Bullflag composition after done a retest. Broke out the yearly downtrend line and now is looking like it wants to go up. Bullish divergence and the 4h candle looks promising. I'm long, with the details in the chart. Good luck everyone!
Horizontal resistance, channel resistance on channel cross, bearish divergence. I think it is worth taking the risk here.
Some serious resistance here been tested so many times and I expect GJ to drop for at least 500 pips or even more. For me this is a now or never trade, because the chart shows still price and indicators keep hovering. That shows me that this is a sign of the gap needed to be filled (weekly) before diving further. TP, SL and entry in chart. Good luck
I said that gold seems to be ready for it. Well the market made up his mind so did I. My short queue is at 1129 with a sl at 1134 TP should be dynamic at least 1033 and might go even lower if the bears get really hungry!
We are trading in a triangle since the beginning of this year and now it is in a rising wedge. In the rising wedge made a daily shooting star on resistance of the triangle AND rising wedge. There is also a small divergence no hidden one, so this might be the first signal for change of trend. Hiking rate with the dollar this high would be a disaster, so...
See chart and understand, almost same setup as USDZAR. Good luck!
This is about to break the trendlines and most likely is to the downside, because this is a falling wedge. What I see is that there is a potentially SHS pattern in the make at the top, if that is confirmed I will short directly or else wait for perfect entry. For those who like to queue their entries this is a nice setup. Good luck and don't forget to manage...
No description needed, see my earlier post about this pair. This is a trade setup i recommend to all traders, please share your views and don't forget to like if you think it is/was usefull for you!
Last sellers sold their gold, if we get a daily hammer this might be a great long! Bullish div on all timeframes, so potentially this whole downtrend could be a bullflag . Also we have channel support here and the turquoise line is horizontal support. Earlier I posted an idea where I looked for 1160, but was revised by me. I often posted my chart...