On the long run, I see Gold will start on a bullish run before going bearish.
This is just an idea for my own reference, not a signal.
Discuss it in the comments if you have any supporting or counter views
In front of you is a potential Double Top Pattern on GBPAUD (Pound Aussie). It should be valid if it breaks below the area assigned 'ENTRY POINT'. If that's the case your SL should be at the white horizontal line (Resistance Area). Take profits area are show in green.
Trade with care. Share your opinions & ideas in the comments section
GBPCAD Bearish Pennant Pattern is invalid by now but that still could be a bearish ascending wedge. Using fibbonacci on H4 timeframe, I realized that an AB=CD pattern is in formation and maybe it finished. If it breaks below the 1.272 level on H4 and make lower lows on H1 & M30 that's your cue to sell the pair.
TP levels are the same as the last idea, safe entry...
GBPCAD shows a Bearish Pennant Pattern in formation. My bias is that it should fall a little bit further before correcting the current impulsive wave.
Entry point: 1.66275
STOP LOSS: 1.67843
TAKE PROFIT 1: 1.65491
TAKE PROFIT 2: 1.64224
TAKE PROFIT 3: 1.62109
There is a possible 78.6 fibbonaci retracement on EURCAD, before it starts pushing down to touch the black-dotted uptrend you'll see on the chart when you zoom out. There are also some major areas of reversal to pay attention to. Personaly, I took that sell limit order and waiting it to go active. If you agree with me place it, else share a chart pointing out the...
AUDJPY hit a major resistance area 81.45 - 81.92, and the fact that it closed above that area on the weekly timeframes gives me confirmation that the price will start to go up. Either to correctthe last leg down or spike even further to touch the red-dotten trendline you will have seen in my chart. There is also a clear uptrend channel that remained unbroken for...
GBPUSD is getting ready to spike up. A fall to 1.3236 will signal the start of an uptrend continuation for the pair.
Another scenario, I'm watching is a break of the area in yellow. If price breaks and retest that area I'll consider longing the pair. This scenario is improbable for the time being.
Just an idea, not a signal
AUDJPY failed to break the level it's sitting on on a previous occasion and is now making a double top formation. Then there's the uptrend touch. It will be confirmed if and when the Sell Entry level is broken and the trendline as well, meaning that's my cue to go short. Target is the Swing low of the impulsive move leading to the first top.
Just an idea, not a...
I see a potential head and shoulders as price would fall to respect the 61.8 fib retracement, before price goes up to touch the upper trend of the channel if not break upward to 1.618 fib.
Just an idea, not a signal. Post your ideas in a comment
If price breaks the light-red-colored trend line, price will fall to meet the next support at 148.033. Else, I'll reconsider long the retest of the big trend line in red.
Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
The structure shows price in a correction, meaning there is one more push upward. But considering the levels of support, if the first is broken. I'm selling to the next one, then move to BE. If the second one is broken, my target should be the next fibbonaci expansion level. In case the second level isn't broken, I'll consider some longs.
Just an idea, not a...
I am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair " FX:AUDCHF " until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the ...