Dear Traders; I have seen a long position since the price seems to have rejected to break the fibo level of of 0.50, and it has formed a a bullish harmonic pattern, it is like to go up to respect the trend; I may also be wrong and the bearish could continue; in any case, this is just an idea not a signal to trade you could share your analysis too and we see what...
Hello Traders, EURO Dollar is currently making an inverted head and shoulders which could be a buy signal; now the price has not broke the neckline which was a resistance area; if the market breaks the neckline/resistance and the handle close above the structure; the market could move up to reach the next resistance area. so be aware and closely look what the...
AUDNZD is making head and shoulders, it is a good signal to buy on the break of the neckline. Let us see if the market goes there and we trade, if the market goes bearish from here it is not a valid analysis at all; please ignore it. Happy Trading
Hi Traders, This pattern, I am on short only if the market breaks the structure and the candle closes the below the structure; another scenario is to sell on the retest of the broken structure. Thanks and good luck!
Gold has bounced back from Fibonacci level 0.618 and could be going up to the next level of 0.786 of around 1310. Good Luck
Hello Traders; If the price breaks the support level and reaches the completion point of the pattern, then we have a beautiful buy signal. Don't do anything now, just wait and watch the market movement . N.B. don't trade now and wait for the confirmation of the pattern, once its formed, we have good buy signal; and only then this analysis can be right otherwise...
Gold is bearish for now. If the price is able to break support 1283.839, it will go down further. Best pullback price @ 1303.564 Like and Comment if you think this analysis is useful. Thanks
GBPUSD is in the channel and probably it will go up and respect the trend, SL is 20 Pips away from the the breakout of the channel.
USDJPY has broken the structure and probably is going short now.