After our previous position hit take profit and break out of the bullish triangle pattern, the daily candle close a pinbar showing bullish momentum after it retest the breakout trendline. We are opening a long position after the confirmation with good risk and reward ratio.
Currently in a major trendline, the pair is showing some bearish exhaustion. Expected a minor retracement before it continue its bullish momentum.
Looking for price action at the major support, favourable that it will retrace first to retest the HNS neckline for further bearish movement. Overall still bias on being bearish on this pair.
After breaking the falling wedge pattern, GJ is expected to retest and move towards the major trendline. In long term it is expected to break to make a mid long term bullish movement.
Gold hit our take profit level last week and still looking bullish with the weekly close candle. It is expected to create an inverted HNS pattern to make its bullish momentum towards the major trendline.
After making a bearish move in previous week, it looks like it is moving towards a major confluence area , if market reject the price and break the inner inclining trendline, it will push it back towards its previous low. Though market can trap the seller by breaking the price and move towards the upper trendline. We will the price action at this crucial zone,...
Developing expanding triangle pattern. Waiting at the edge of the zone for buy entry or upon breakout of a minor trendline. Targetted at the upper channel of the expanding triangle and retest of the breakout of the major trendline for a long term buy. Overall is bullish bias for this pair.
Euraud having a bearish momentum after breaking out of the rising wedge pattern. Targetted at the major trendline for a retest.
Gold hit a major key level and showing bullish rejection after breaking a falling wedge pattern. It shows that it is moving towards a major trendline to retest the level.
Gold is currently building up in a bearish flag pattern. It is projected to move towards the upper trendline of the flag before moving in a bearish momentum. Currently waiting on the price action and currently in a retracement movement.
Currently retesting the double bottom neckline, gold showed bullish momentum though in overall long term is still bearish bias . Looking at moving towards the major trendline again to test it . Upon rejection will be a bearish momentum if it is still being respected.
Cadjpy shows bullish momentum after breaking the minor trendline and forming double bottom setup. expecting to move towards 87.000 that break the minor trendline indicating to move higher to test the major trendline.
Gold break out of rising wedge pattern , rejecting key level 1785.72. Expecting to move downwards testing a major inclining trendline, a break of this trendline would indicate gold to move further down to its initial movement from previous weeks.
Inverted HNS with retest of the trendline breakout ,showed as bullish momentum buildup for GbpJpy pair. Expected to move to towards the higher tf trendline. Upon breakout it signifies that the pair is moving to a higher price in a long term trade.
Confirmation upon breakout in minor trendline, M15 timeframe trendline have been broken signalling a bullish rejection in the zone. Upon breakout of the H4 trendline, price is expected back to the top price zone.
Bitcoin last week candle shows bearish momentum and just recently break the triangle pattern. Waiting for the retest for a bearish movement towards major support. Overall is still bullish outlook for bitcoin and now currently waiting for the retracement. In the analysis , it seems that it started to build up a falling wedge pattern and currently looking for its...
After breaking a major trendline, EurCad is showing bearish momentum. Expected a retest of the trendline and move towards a major support which is confluence with expanding triangle pattern.
After bitcoin hit the SR Flip level and shows bullish rejection, it is expecting that it will break the falling wedge trendline to form a bullish momentum. It is currently forming a channel in moving upward. Need to be careful upon reaching the upper channel level as it is also forming a bearish flag pattern in a bigger timeframe. But currently it is in a bullish bias.