sign of a downtrend, and there is noting more then say. But its possibel it retest the resistance line again, and if it breaks the streacture you know what it means. It means its change structure.
audusd got rejectend to brrak the resistance line and now creating a head and shoulder on audusd,IF it confirms the head and shoulder break out. I will take a short
I was expecting a bounc from AUDNZD but it seems like it contiunies making lower high and lower lows, and just broked a high Support line. Which can happens it contuines go down to the next support line.
It keeps making lower highs and lower lows and it just broke the support line which is resistance line now. And now its heading down to next support line
First of all i want to say im very sorry for the misspeling and the background sound in the vedio. But the important things isint that. The important thing is that you understand what im trying to tell you. First of all we start to look out for bigger picture, to see in wat momentiuom we are in. There for we zoom out and look for the trend we currenlty are in....
IF gbpusd confirms the dubbel bot we will se it reach 1.42
The price just broke the support line and made the support line into resistance line. In daily time frame you can see it closed with a red candel under the support line, which now is a resistance level. 4h time frame broke the support line with a long red candel, which i expect the price to go and test support line around the 106 price level
This is a analys of CADJPY, and I am currenlty looking for a short postion. If it breaks the daily support line and closes under it, then we know the support lines turns into resistance line. After line getting resistance line. We can expect the candels to go and test, the next support line. Iam expecting it to break the support line and after it to go down...
Its currenly in a bear flag, we expect it to break and go retest the and then build a support, otherwise if it fails to make support line we can expect it keep contuine to fall becus of gold hitted a high resistance line.
If we look in the big picture we can se that we are in a downtrend but in a smal picture, we can see that we are in bullish market. BUT currenlty we are at place there we are meting high resistance levels. Is the market going to break to the uppside or to down side?
It deppends on which lines breaks. The one line breakes we can se the price move to next line
It can go for a retest and then keep contuine the bearish momentiom to down side
Can go long if AUDUSD breaks the resistence line. Otherwise dont jump into the trade
The weekly and the monlty time frame shows us that this market needs to make a retescment soon. There for, right now the retecment can be in this oppornunity.
The gold is testing a high resistance line right now there for we should se a push down for a correcetion and then keep moving uppwards IF it dosent break the support line.
USD has been weak agasint CAD but we can see a turn around but right now its making lower highs and lower lows, which means we are in a downtrend. If the price breaks one of the line we can expect the price to push to the next price line.
Its still going on sideways but when the price breaks one of the line, we can expect the price to go to next line.