Developing bearish flag pattern , currently holding HNS pattern. waiting for the 3rd touch of the trendline. Mix signal as it is also developing bullish falling wedge pattern. Waiting at the 3rd touch trendline area for price action.
Eurgbp showed strong pinbar bullish rejection at the key level / fib 61.8 . First entry upon break of the descending trendline and another position upon break and retest of the double bottom neckline.
After a strong bearish weekly candle, it is now forming HNS pattern. Currently in trade after it break the HNS neckline with target to 2.0000 price level.
still holding bullish structure, looking for another bullish leg to the confluence area.
Still uncertain and waiting at the edge, will wait at the decision zone to make the entry.
Currently in profit based on previous analysis, it had break the continuation triangle pattern. Expected to make another bearish leg towards the expected level.
After it break the descending trendline, it is now developing a broadening pattern. Overall it still in bearish momentum. Waiting for the 3rd touch of the mid term trendline, it is now forming a bullish short term broadening pattern. Anticipating wave E at the trendline and move towards the mid term trendline.
Currently developing rising wedge pattern but it is is a strong double bottom pattern in daily level. It was unable to break the low, waiting for the price action to break the rising wedge to confirm any bearish movement. Anticipating another short bullish movement to complete the Wave E movement confluence at fibo 61.8 for a strong bearish movement.
After an early break of the bullish flag pattern, it is now retracing to retrace the trendline. Looking for a bullish rejection at the retest for a buy entry.
After it rejected fib 61.8, it is now developing a continuation bullish flag pattern. Looking to enter buy on retracement of the price.
Currently waiting at the trendline channel. Bias for bullish for short term move. Update from previous analysis, but it seems it move in a strong momentum and currently in a retrace.
After a break and retest of the trendline,gold is moving in a good bullish momentum. Waiting for a break of the strong resistance level. A break of that level will give gold the clearance to go higher.
Currently developing falling wedge pattern. It is expected a rejection at the mark area (Fib 61.8) . Upon rejection, will enter a buy position towards the mark resistance level. With previous bullish momentum, it is expected to break the resistance level towards fib extension.
Developing a continuation flag pattern , after strong bearish momentum. Expected a strong push to 1.07520 , currently looking for a better sell entry. Optimally looking at 1.08460 for excellent entry position. If it break early, will be looking at 1.08200 for entry at the retest.
Currently developing rising wedge pattern after a strong bearish rejection at the major trendline. Trade idea is to create sell stop at 2.0330 , with a break of this level it will confirm the bearish structure and a break from the rising wedge trendline.
Previously showed strong rejection of a long term trendline and created a broadening pattern. It break the inner trendline for 1st sell entry and now it break the outer trendline of the broadening pattern to confirm its move towards the price objective at 1.68900. Currently waiting for a retest of the outer trendline for a better entry at 1.8100 .
Currently neutral, waiting for the market move. But either move already have a trading setup waiting. Using Buy and sell stop as the trigger with expected target of the move.
Overall sentiment is still bearish and now forming a triangle, will be looking for any bullish rejection around 75.500 and ride it towards 78.540 for bearish entry. Overall trading strategy is on taking the trade near the edges with excellent risk rewards strategy