Today we will do a full technical analysis on APPLE INC on the 1H and explain why I recommend bullish (long) trade advice, and also discuss the bearish scenario.
As we can see the upper resistance of this ascending channel is definitely weaker than the support line.
With break-out , the resistance didn't hold well. Also we can see a break-out got rejected, but...
The EURAUD is moving alongside the downtrend for 4 hours and inside a sideways channel with a spring below the channel, which supports the bullish theory.
The breach of the trend and the upper boundary of the channel at 1.64210 is an opportunity to buy with an initial target of 1.6614.
The AUSTRALIAN DOLLAR / SWISS FRANC is trading in symmetrical triangle, which is an opportunity for a further drop.
The break was weak so we wait for a candle with a momentum closing below the triangle to go short.
Target is : 0.6346
As we can see the upper resistance of this ascending channel is definitely weaker with 2 breakouts than the support line where we can see many touches or pullbacks.
We Have two scenarios which the price break out the upwards and we can enter long upper the resistance channel line or it breaks downward and we can sell.
But in general, I would advice to have a...
GBP / CHF pair is moving in a downtrend on the hourly frame. Currently, the pair is moving in an corrective cross band.
A break of 1.1754 will be a strong selling opportunity and to continue the bearish trend.
But if the pair breakout the downtrend and the corrective cross band, especially 1.1854, it will be a buying opportunity for more bullish correction on...
There is a strong opportunity to buy The U.S. DOLLAR / CANADIAN DOLLAR pair after the breakout of the bearish wedge technical pattern, as well as the blue trend.
The entry point is 1.3649
The target is 1.4081 by Securing the deal if the price reaches the red trend.
Gold is moving within a bullish channel,
Waiting for the Harmonic model abcd to complete, which corresponds to the upper side of the ascending channel.
The best selling levels are 1760 and 1770.
And the targets are far away
I do not recommend buying