LION_KING_FX

LION_KING_FX

TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER Always be consistent of the direction of the trend prior to the consolidation period. Make use of upper and lower trendlines to help identify which triangle pattern is being formed. Use the measuring technique discussed above to forecast appropriate target levels Adhere to sound risk management practices to...

LION_KING_FX Updated 

With many taking shorts ton1680 im going long Just a short term update on Gold . The decline from 1745 is contained within parallel lines which are typical for corrective price move. Moving forward it is recommended you be on the look for a break above the corrective price channel for a move to the upside. 1720 - upward reversal As always, trade safe and don't...

LION_KING_FX Updated 

NASDAQ MOMENTUM BALANCE Looking for a balance in momentum target 13350

LION_KING_FX Updated 

Gold after a strong breakout after the news favouring the USD pair price touched the resistance level with sells confirmation to do a correction back to the origin of momentum so our bisaness is shown above to target those areas of interest back to 1732.00 price level Jackson Hole Symposium: What is the Jackson Hole Symposium? The Jackson Hole symposium...

LION_KING_FX Updated 

The bear pennant is a bearish chart pattern that aims to extend the downtrend, which is why it is considered to be a continuation pattern. It works in the same manner as a bull flag, with the only difference being that it is a bearish pattern looking to push the price action further lower after the period of consolidation. Unlike the flag chart pattern, where...

LION_KING_FX Updated 

The reverse cup and handle pattern is an upside-down cup followed by a handle and a breakout to the downside. It represents a bearish continuation pattern. The pattern is formed by a drop, a rally, then another drop back to where the rally started. A handle forms, which should be less than a third the size of the cup. When the price breaks below the handle, it...

LION_KING_FX Updated 

The evening star is the bearish counterpart of the morning star pattern. The evening star is a reversal pattern and appears after an uptrend AS on h4 H1 The first candlestick has a strong bullish body. The second candlestick has a small body. It can be bullish or bearish. It is also possible for the second candlestick to have no body (a doji). The third...

LION_KING_FX Updated 

BASED ON PREVIOUS ANALYSIS SPOT this week we looking at Bearish Drop due to Fundamentals: We have a bearish outlook on the NASDAQ Index due to worries of interest rate increases prior to the central bank's annual Jackson Hole economic conference Resistance CURRENTLY stands at 13739.50 to return back to 14000 to 15000 price for Nasdaq Pivot: 12956.00 seems to be...

LION_KING_FX Updated 

H1 chart is indicating the potential for EurCad to test belo 1.3 again. Ichimoku is indicating besrish pressure. For this trade I would stop a bit ABOVE SMA 50. The potential take profit area is around 1.2960-1.2910. Trade well and wisely

LION_KING_FX Updated 

BASED ON PREVIOUS ANALYSIS SPOT this week we looking at Bearish Drop due to Fundamentals: We have a bearish outlook on the NASDAQ Index due to worries of interest rate increases prior to the central bank's annual Jackson Hole economic conference Resistance CURRENTLY stands at 13739.50 to return back to 14000 to 15000 price for Nasdaq Pivot: 12956.00 seems to be...

LION_KING_FX

CHFJPY has rather shown rejection at the current resistance zone These rejection candles should follow a fall to 140.00 This morning we looking at a possible short play on the CHFJPY . This is after a price has tested the 142.250 resistance area for the 3rd time since 29 June 2022, with steady lower highs every time price tested the major resistance area . With...

LION_KING_FX Updated 

3 CIRCLES REPRESENT morning and evening star reversal trends i utilize for entries This also shows uptrend HH AND LH formation The golden zone is an area where the golden ratio is derived from the Fibonacci numbers, a series of numbers where each entry is the sum of the two preceding entries. If history is anything to go by, then this rally is almost up against...

LION_KING_FX Updated 

Lately everyone is looking to buy this market but i will oppose the move to 0.7100 as yet and take a fall back to 0.705 level

LION_KING_FX

WE seem to have a perfect uptrend with a bullish rally touching nearly the 13100 area. Resistance was broken and I'm continuing to go long . But there's a possibility for price to just sweep the high and grab its liquidity then drop to the downside. I am utilizing the Elliot it wave in this instance Good luck

LION_KING_FX

Wait for the retest first before trading the full long

LION_KING_FX

The Inverse Head and Shoulders is a bullish chart pattern signalling a possible trend reversal higher Pay attention to the size of the Inver Head and Shoulders relative to the downtrend. If it’s small, then the chart pattern is likely to fail The best scenarios to trade the Inverse Head and Shoulders: 1) in an uptrend 2) when it leans against higher timeframe...

LION_KING_FX

Hope we all good and profited on the previous setup Looking now at the head and shoulders inverted pattern, we have a sideways consolidation and I expect gold to dip one more time to either 1794 - 86 level critical support if there is a new Lower low before flourishing long to targets of 1826 to 1845 levels

LION_KING_FX

As you know I always trade reversals And I have seen a morning star creation of the latest low. I am looking for a bounce as from 1786 zone back up to 1800 1800 to 1808 Then lastly 1822