As you can see long time downtrend, then recently on first week of August uptrend then got into trap. Did I see the flag symbol? Possible Bullish break out due to flag shown on the 4 hours chart Go for long
Is this mean Symmetrical Triangle? Or one of Pennant? Im hoping to see breakout from there!
As you can see uptrend Day 1 - broken but haven’t retest yet. I’m on bear team. As you can see yellow line is where first tp. Then go with flow.
Purple - Day 1 Uptrend Sky blue - 4 Hours uptrend Orange - 4 Hours downtrend This is something we shouldn't trade in yet. Patience and wait until it become clear path again. My guts tell me it will be continue on purple trend. No promise yet. Not worth to jump in until confirm. Are we gamblers or traders? Your decision.
As you can see - KEEP IT SIMPLE! 4 hours downtrend Red line - Stop loss Yellow Lines - Take Profit
Right on the nose of downtrend - good time to sell it! Less losing if hit on STOP LOSS! Red line - stop loss yellow lines - take profits
It's gonna be a long weeks! Bullish can last about 2-8 weeks. Tp1 - 1.79200 (Middle) Tp2 - 1.81600 (Middle 2) Tp3 - 1.87500 (Support) SL - 1.76300 (Resistance) Let's see - this is my first time riding on SWING for more than a week.
4H downtrend Possible breakout or continue down Goal bearish with tight stop loss TP on yellow lines
What do you see in the chart? Diamond top? or it could be just Symmetrical Triangle? Double challenge?!? I gonna throw my trade on bear's side
Structure - 4H downtrend broken and complete retested Expecting - ranging or uptrend Resistance level - 1.11100's Support level - 1.10650's
WHAT IN THE WORLD YOU TALKING ABOUT? You know when you order banana split boat ice cream. It come with 3 ice creams with 3 whipped creams on the top of it! I see "Triple Top" and it should be nicely downtrend from there! Structure: Downtrend Support and Resistance levels (Shown on TP1 and TP2) Safe to go for TP1 until next price action appear then we will...
Downtrend - sell until the next support line then possible bounce or continue as usual.
See my note on chart No clue where it will go. Any one can tell me where will it go and WHY? Thanks
The increased chances of Brexit without any deal seem to be fundamentally the best scenario for gold. As a reminder, uncertainty around Brexit gave gold a strong boost back in 2016. However, Johnson’s action could be negative for the gold prices as well, if the Brexit drama strengthens the U.S. dollar against the pound sterling and the euro. So, gold bulls look...
Updated GBPAUD went back to same spot - current we wait for break out or bounce up... today GBP unbelievable! Let’s see where it should lead to. Feedback: why it should go continue go down or bounce up?
Chart shown downtrend. Recently drop more since close to trend line. Tp1 - 1.59410 Tp2 - 1.59200 SL - 1.59770 (support) Resistance level is on 1.59010
Current waiting for impulsive move toward to downtrend. Also Bollinger haven't touch the top line. Waiting for price action to appear before nearby downtrend. (red line) No order yet until confirm. Patience is important.
See review on EURUSD 1, 2, and now current update on 3rd. Tricky and it is still shown downtrend on 4H. You could either back out or take a greater risk? SL goal is 1.11250 (Support zone) you can see TP1 and TP2 on the chart Any feedback or discuss will be great! Remember, Im still part of rookie trader.