The bigger picture is a double top which we are riding all the way down . the diagonal yellow trendline cuts through the neckline of the double top nicely,at the same time it lines up with the 61.8 golden ratio fib level and the trendline and also the desired price action candle as shown on the chart.that is a lot of confluence for this set up.
I am bearish on this pair and i see lots of pips to be collected from the set up/trade idea
if you look at the bigger picture price is captured/still in the channel .when we got to the top of the channel which acted as resistance,price did not break through
we have been selling from the top of the channel.As i always emphasise price does not move in straight...
AUDNZD on the one hour time frame i can see the inverse cup and handle -bearish forming nicely .I also see a bearish variant flag.
waiting for a break of the daily support(conservative trader) zone,retest and short to the next zone.
For the agressive trader you can look for price action at the golden ratio of the fibs as this lines up perfectly with the fib...
This pair is currently at key level of structure.As i have annotated on my chart,i will be SHORTING bias if i get a bearish price action candle at this key level of structure to short or wait for the bottom of the channel i have trapped current price to break retest and then short. these are the confirmations i am looking at together with my already...
After reaching anticipated target last week .i am bias on this pair for a short.I see price going further down and a potential head and shoulders forming.
however for the full potential head and shoulders to be valid price must fall break that supoort ,restest and further down to the daily support
I looked at the trade set up on the daily time frame and same...
As you can see we did hit alltargets on this pair last week .currently the channel has been broken and i expect price to go further down to daily support
Like i always say the markets move in waves and not straight lines which present and opportunity to enter
CAUTION : trade with care and do your own analysis
ON a high time frame this pair is broken the daily channel heading down. remember although i anticpate a sell ,markets dont move in stratight lines so there will be pull backs at some point before it conitues to go doown further.
On lower time frames its provided an opportunity enter as its retesting the broken trendline.
CAUTION:trade with care and do your own...
Trend at the top is broken in the direction anticipated.I expect retracetment to the golden ratio on the fib.
it will go further down if breaks the fib ratio is broken and retested then a possible head and shoulders is being formed.
CAUTION:These are my ideas therefore do your own analysis and trade with care
however if you want to learn this great skill send...
I AM BEARISH BIAS ON THIS PAIR.
I EXPECT PRICE TO MOVE FURTHER UP TO THE 61.8 FIB LEVEL WHICH ALSO ACTS AS DAILY RESISTANCE.
LOOK OUT FOR PRICE ACTION(PIN BAR) CANDLE . IF WE GET REJECTED I ANTICIPATE PRICE DROPPING TO THE DAILY SUPPORT LEVEL,ONCE THAT SUPPORT IS BROKEN,WAIT FOR A RETEST AND CONTINUE TO TAKE IT DOWN TO THE TRENDLINE
LOOK AT THE BEARISH...
I am bullish on gold(XAUUSD) .
the overall weekly trend is a bullish flag
on the daily through the channel analysi /market reversal cycles trend i expect price move up in direction of trend once 2 cycles have been completed
Also on the 4HR time i can see a bullish flag and also price action at the golden ratio of the Fib level
RSi shows its going up (though...
PRICE IS CURRENTLY CONSOLIDATING . I AM BULLISH O N THE .I EXPECT PRICE TO BREAK THE 4HOUR RESISTANCE ZONE AND CONTINUE UP
PRICE ABOVE 50EMA
PRICE ACTION -PIN BAR
CAUTION:TRADE AT YOUR OWN RISK .DO YOUR OWN ANALYSIS
THIS IS FOR EDUCATIONAL PURPOSES ONLY
PAST RESULTS DOES NOT GUARANTEE FUTURE RESULTS
I AM BEARISH BIAS ON THIS AS I HAVE LOTS OF CONFLUENCE FOR A HIGH PROBABLITY TRADE
ONE OTHER ONE I DIDNT SHOW ON THIS IS FIB LEVEL,HOWEVER WHEN YOU DRAW IT YOU WOULD SEE PRICE RETRACED FROM THE GOLDEN RATIO FIB LEVEL
AN Aggressive trader will go short once price breaks the major daily support and take it down to the next zone
Non-aggressive trader will wait...
WE ARE CURRENTLY AT A VERY KEY LEVEL OF THE GOLDEN RATION (50/61.8) FIB LEVEL. I ANTICIPATE PRICE BOUNCING OFF TO THE TOP OF THE CHANNEL (HIGH TIME FRAME )
IF YOU ARE AN AGGRESSIVE TRADER YOU WILL BUY ONCE PRICE BREAKS THE CURRENT CHANNEL IN THE 1HR TIME FRAME
NON -AGGRESSIVER TRADER YOU BUY AFTER PRICE HAS BROKEN THE CHANNEL AND RE-TESTED IN THE ANTICIPATED...