Matthew1997

Matthew1997

Currently UJ has been on a down trend due to the current fundamental situation in the US. However price maybe preparing to change trend as an inverse head and shoulders formation is about to form. As price prepares for a change in trend a slight pull back to the down side is anticipated to happen for the bulls to get lower entries for the major bull run.

Matthew1997

US30 fail to break below the previous weekly low of 33017.5 (which was a major support in April 21) . its anticipated if US30 breaks the current resistance 33828.3 we can expect a 352,2 point move to the upside before any minor retracement. The over move is bullish till 34577.6 . Should price decided to drop from 33820 we can expect an inverse head and shoulder...

Matthew1997

After large drop in the last 2 months of US30 there is now big opportunities for several long positions as the market aims to break the previous high it failed pass. There is also a major double bottom on the weekly time frame confirming the formation of a W structure. As the market raises to complete the W chart pattern it forms bullish flag pole patterns along...

Matthew1997

With a major rejection on the previous weekly low (1763. 66) upon retest gold is anticipated to retest the 1797.70 area therefore giving us opportunities for long positions. I see this as a short retractment for the week

Matthew1997

As you can in the previous year tesla rallied to the upside creating gaps along the way and the market maker usually fills in the gaps by creating retracements( higher lows). However they have left behind a huge gap between the 410 & 433 price level and smaller gaps around 525 & 501 level. So from observation this market is expected to continue its downtrend...

Matthew1997

Gold has reached an institutional level at 1708 area and is preparing to move to the upside of the down trend channel. According to the Fibonacci level 38.1 price may retrace to retest 70 Fib leve l before rallying to the up side forming head and shoulder pattern. Also RSI levels on daily timeframe are below 25 indicating over sold conditions . Possible...

Matthew1997

EURJPY is currently in an uptrend channel in the week timeframe however zooming into H4 timeframe price is currently on a downtrend to form lower high on weekly timeframe before pushing to the upside. Targets 127.870, 127.790 & 127.700.

Matthew1997

With the formation of a bearish flag on an uptrend, channel price may be forced to retest support level 12677.7 before pushing to the upside. Expected targets 12751.5 &12678.

Matthew1997

USDCAD pair has just formed a triple top at 1.27880 price level and on 15 min time frame has given a rising reversal wedge pattern therefore confirming a high probability movement towards the downside. Possible targets 1.27594,1.27261 & 1.2734.

Matthew1997

With consistent rejection at the 1.36971 area and a double top formation, we can expect a short position towards the downside. Potential targets 1.35726, intraday 1.35172 & possible on swing trade 1.34704.

Matthew1997

US30 is in an uptrend channel and is expected to revisit the upside, however with a weakly formed head and shoulders pattern and current consolidating behaviour at 30856.0 support area, there may be a breakout opening selling opportunities

Matthew1997

With clear double top formation, GBPJPY is anticipated to consolidate after hitting 139.700 area

Matthew1997

after heavy rejection on 4H chart at $1817, gold could form an upside-down head and shoulders via 1H time frame to retest the $1835 price zone before heading to the upside.Possible targets $1856.85 & $1878.56.