EURUSD looks to be approaching a very important level (1.09910) of support,
We can see that on previous occasions prices takes 2-3 days to bounce of this level,
There are 2 scenarios at play here, either price can break this strong level and moves to the next area of support, or price can bounce from the 1.09910 level and move to the upside,
Patience is at stake...
NZDUSD is forming a clear head and Shoulder pattern,
on the 4hr & daily timeframes prices is at the bottom of an uptrend,
also on the daily price is currently sitting on a area of support which provides 2 daily bullish signs of a move up,
i will wait to see of the H&S pattern is valid then place a buy to the next area of S&R,
Please let me know what you think of...
NAS completed impulsive move to the upside,
corrective wave started at 61.8% fib level which is a key level,
waiting for NAS to correct itself via the ABC corrective wave.
Please let me know what you think and your views on this idea
Price is bouncing in between wedge pattern, on the 1H chart we see price has broken both 50 and 21 EMA, there is confluence with current wedge support and dynamic line, will be looking for a break below support of wedge to 1475 support (grey line). Let me know what you guys think!!
EURUSD formed a double bottom on strong bullish momentum from last week ECB data, price has approached the double bottom neckline and looking to retest. I expect continuation to the top side. Let me know what you think!
GOLD formed a 4-hour double top , on the daily we see that the double top is part of a Head and Shoulder pattern forming on the daily, once price retests the double top neckline, forming the second head, I have placed a trade setup to the next area of support!!
EURUSD has bounced off two support structures: A horizontal support + retesting descending trendline, RSI also shows horizontal support. With the US Fed potentially cutting interest rates, we might see a big move up again. Let me know what you guys think!!!
EUR/GBP formed a H4 H&S at The top of the WEEKLY downtrend, further downforce by from expectations of an ECB rate-cut.
Price has retraced off the right shoulder also off the 50% fib level from the head to the neckline.
I am expecting a long term short here, let know what you guys think!
H4 AUDUSD, Formed an inverses H&S, crossed 50 EMA throughout, and also restest the line of breakout. I placed a buy as soon as break happened, expecting AUDUSD to rise up again next week. Let me know what you think!