TevinW

TevinW Updated 

Break of the neckline on the weekly chart confirms drop past the head and shoulders pattern for XAUUSD. 3 targets set for profit taking based on prior lows, with highest swing being the length of the pattern, confirmed by the lowest low of the target swing. As always, monitor price action and stay patient in case of pullbacks. Take note if price retraces back to...

TevinW

Buyers may be looking to drive price to the upper trend line which also coincides with the fib retracement area before collecting profits. You could buy and ride price towards that area in the short term but I wouldn't take that trade personally due to uneven risk-reward. Probability of contrary price action to occur is high. I'll wait to see what happens as price...

TevinW Updated 

EURUSD looking to go long until at least the first half of the pitchfork. Correlation with short position on USDJPY. Looking like a good setup/mix match trade.

TevinW Updated 

Convergence of multiple signals - past half of pitchfork & inner channel, momentum to bottom of channel and moving average indicates short sell in the daily time frame. Exit once price touches channel. Don't wait for close.

TevinW Updated 

GOLD bulls seem to be taking over, as shown by the bullish engulfing candle and increase in buying momentum. We also have confirmation of the trend line and bottom of the pitchfork area acting as support. Best target looks to be the bottom of the channel that gold broke out of before, which might act as resistance.

TevinW

Trend line confirming resistance area. Double top appearing. Sell until price reached bottom of pitchfork but as always, wait to see confirmation.