Bullish momentum seems to be faded out as double top pattern, three black crows and a bearish divergence has formed. If the AUDCAD dips below 0.89700, it would indicate a shift in the technical bias towards the downside. On the downside, trend line support lies at 0.88900-0.8900
Some bullish signs to go long : 1. Bullish divergence 2. Breakout of descending parallel channel 3. Perfect Bullish BAT Pattern Buyers will remain in control above D point. 1.36500-1.36700 is a resistance zone ahead.
Triple Top followed by bearish flag pattern, break below of support zone 1.2600-1.26200 which has tested support zone seven times can sink price further.
Gold testing support zone ( 2052-2062 ) after printing new highs. Buyers will remain in control above 2030 i.e Higher Low of this bullish trend.
Bullish BAT pattern has formed with bullish divergence. Break of Lower High will turn bearish bias into bullish.
OBOY is on the verge of accumulation phase breakout. This phase followed by advancing or trending phase which is good for bulls/buyers. Buy at cmp SL : 5.15 TP1 : 9.40 TP2 : 12
The bullish momentum continues, the price tested support zone 0.2980 and bounced. Buyers will remain in charge above 0.2440. Buy at 0.2980 SL 0.2440 TP 0.352
Reasons to short 1. Break of Higher LOw at 1962 2. Followed by bearish divergence on RSI Stop Loss 1978 TP : 1942
Sell at 1.10900 SL 1.11200 TP1 1.1000 TP2 1.09250
Sell Gold..Stop loss 1555 TP1 1480 TP2 1465 TP3 1450 Last three ideas of gold when i was long 1. 2. 3.
wait for a breakout(ascending channel) and then short on pullback..Sell at 83 SL 83.300 TP 82.400