As we have been watching this pair touching our trendline as our 1st confirmation and we also see it coming to our demand zone as 2nd confirmation and we also see the pair forming the 2nd leg of the double bottom to give us a 3rd confirmation.
We wish you a happy trading week coming, we aim to give you the best analysis of each pair every day, follow us and let us know which pair you want us to look at.
next week we are buying JPYBASKET.
We have been selling Gold the opportunity given to us, at this chat Gold has given us an evening star candle which gives us a clear entry, whenever you see this candle on the edge of the pattern you should put all your focus and enter the trade.
Let me bless you with a long-term trade, this pair is in correction mode from an impulsive movement on a monthly chat and weekly chat, so we will be placing our sell stop below the correction line.
also, we will be selling this pair on a small time frame.
I will be giving daily signals in this pair as days Goes until it covers all our expectations.
We have been watching Gold and waiting for the right time and good break pattern for us to continue our selling, finally, Gold has given us a breakup and retested and gave us an override candle on 4H chat.
GBPUSD has broken a trend on a monthly chat, looking at this in a weekly chat we notice that it failed going up and it forms an M pattern, then we can conclude that the pair is heading for retest after the break. going down to smaller time frames where we will be looking for opportunities, we can see the pair forming a descending pattern.
DAX ON short FOR NEXT WEEK.
DAX has broken a long uptrend and we will be heading for a retest after the trend is been broken, so we won't be having a long sell, is just a short sell until we see the next move of the market.
US100 been moving through a trend, now it has broken the pattern inside a big pattern which gives us a clear indication, that we heading to the bottom line of the trend.
you can sell this trade and take tp early or you can ride it down until to the trend line down.
Nas 100 on a continuation Pattern
Nas has broken a trend that was going up and then it formed a triangle continuation pattern, and we will be heading for short.
we will approach this by placing a sell stop while waiting for the squeeze point to break down.