We have a break of the resistance trend line indicating sellers pressure
hello traders, whats are your thoughts on EURUSD next movement?
Today on EURAUD, we have a double bottom and a break of the neckline which is also a previous resistance
A comparison which GOLD and EURUSD.... In the month of July 2022, EURUSD presented a structure that looked like a double bottom but couldn't trade higher to break the highs as a neck line and continued its prior trend. On GOLD , we are having a similar structure. Overall GOLD is bearish and has the probability of trading to the downside. Will we see GOLD breaking...
Gold is likely to push to the downside once we have a break of the 1H ascending channel
On EURUSD, we are expecting a retest at the previous resistance as support for a possible push to the upside
The structure of silver just shifted from bearish to bullish, will price continue trading to the upside?
GOLD prices has been dropping for the longest. Technically there is a shift of market structure from a bearish to a bullish after the change of character on the downtrend. We are expecting gold price to retrace to the 50-61.8% fib levels for a long position.
On CADCHF, we have a break and retest set up with the previous support acing as resistance on the downtrend which is also correlating with the 3rd touch trend line
On EURCGF, we have price making higher highs while RSI is creating Lower highs which indicates Divergence
On EURAUD, we have a break and retest printed of which we are looking to go long on this one after the candle closure
On EURNZD, price is at the support trend line which is also the 3rd touch of it so price can the tendency of respecting the 3rd touch and bouncing off of it
We are on a bearish trend on EURUSD so therefore we are only looking for selling opportunities until the trend changes to bullish then we can switch our bias
On GBPAUD, its better to wait for a pull to the support zone which was a resistance in the past for a retest
Hello traders, lets take a look at GBPJPY. Overall its an uptrend on the daily time frame and now broke above the resistance zone and retesting
Hello traders, we are looking for a possible short on gold, always trade with the trend
We have a breakout of the symmetric triangle after buyers showing weakness towards the resistance level
Hello traders, on today's market overview, we are looking at Tesla on the bigger. Price is currently approaching a demand zone which can cause price to reverse to the upside