baller_bobbzz

baller_bobbzz

as we can see here on the EUR/JPY chart that, the currency pair has been trending within a sideways trend, also known as consolidation. here the market has been testing and rejecting in 2 strong support and resistance levels. as seen from before when ever the market had approached the support level, that the market tested, created confirmation of structure and...

baller_bobbzz

as we can see here, in the past weeks due to the sudden weakness in the dollar, it has allowed gold to gain sudden strength and break through a previous descending channel trend, into a very strong breakout which has broken multiple resistance levels and has now reached a major resistance level. this levels has once been tested by the market and then the market...

baller_bobbzz

as we can see here USD / CAD has been trending in sideways consolidation between the top and bottom level resistance levels. previously price was at the top resistance level and then came all the way down to the bottom main support level, where it tested and showed signs that it was not going to be breaking support and start to move downwards. price also broke up...

baller_bobbzz

here as we can see that AUD has gained strength and broke from a downward momentum trend, to upward momentum movement. once breaking through the prior downward angled trend line it has risen to 0.70054 and has created support by double toping as a sign of confirmation. then price has retraced downwards to the 0.5 fib level, now showing small signs of consolidation...

baller_bobbzz

here as we can see, that the euro has hit major support on the daily time frame, which has bounced off multiple times before. gathering indications from a low and crossing stochastic and a low RSI value to help me in my decision, I then patiently waited for a solid change of momentum to the upside before being able to place a trade with a 30 pip SL and a potential...