TWEEZER BOTTOM and CROSSOVER ON STOCHASTICS ON OVERSOLD AREA. TARGET WILL BE AROUND 1063 PIPS
BIAS IS STILL ON THE DOWNSIDE UNLESS A HIGHER HIGH IS REGISTERED. RESPECTED THE DYNAMIC RESISTANCE.
ALTHOUGH THE LAST CANDLE IS GREEN, THE PRICE OF THIS PRECIOUS METAL WAS SEEN REJECTED ON MA20. BIAS IS STILL ON THE DOWNSIDE UNTIL A HIGHER HIGH IS REGISTERED. REVERSAL OF TREND IF THE PRICE DOES NOT HOLD AT MA200.
BEARISH ON UPTREND IS MY BIAS FOR THIS PRECIOUS METAL. IN ORDER FOR THIS TO REGAIN ITS BULLISH UPTREND, IT MUST FIRST BREAK THE FOLLOWING RESISTANCES HORIZONTAL RESISTANCE 1291 , MA50 1295 , TRENDLINE 1298 and the PREVIOUS LOWER HIGH 1310 WATCHING OUT FOR TRIGGERS TO SHORT
WAITING FOR A BOUNCE ON MA50 AND A CROSSOVER ON STOCHASTIC AT OVERSOLD AREA
THE CABLE-KIWI PAIR IS TRYING TO BREAK THE ASCENDING TRIANGLE WHICH IS ALSO IN CONFLUENCE WITH THE 618 FIBO RESISTANCE. FAILURE TO BREAK WILL SEND THE PAIR BACK TO THE LOWER TRENDLINE OR THE 50 FIBO. EASY TRADE WHEN IT BREAKS THE HORIZONTAL TRENDLINE.
ON A TIGHT RANGE ON 618 RESISTANCE. LOOKING FOR TRIGGER TO GO LONG OR SHORT DEPENDING ON WHERE THE PRICE ACTION IS HEADING.
My bias is to go short when the price hits the upper trendline of the descending channel.
MY BIAS IS TO GO SHORT WHEN PRICE HITS THE UPPER TREND LINE OF THE DESCENDING CHANNEL.
Descending triangle was seen forming for this precious metal, GOLD. Bearish crossover on MACD and on Stoch
WAIT FOR THE PRICE TO RETRACE TO DYNAMIC SUPPORT AT MA20 BEFORE MAKING A LONG ENTRY
PRICE CONTINUES TO HOLD AT DYNAMIC SUPPORT MA20.
For NOV. 26 - 30 This is the first time I read the chart of EURCHF A gap happened last April 21 and 24, 2017 to be filled sometime soon. SHORT 1.13179 STOP 1.14693 TP OPEN
For NOV. 26 - 30 My bias is still to trade short the USDCHF pair. A possible bearish flag scenario.
For NOV. 26-30 Since the bullish move was not maintained last week and the highest price it got to was at 1.14715 and closed at 1.13348 just above the opening price of 1.13242 last Nov. 16, 2018. A possible head and shoulder is in the offing for this currency pair. My fearless forecast for EURUSD, it will retrace to 1.11000 level within the week. This is how I...
Price will be back inside the parallel channel to revisit the 61 area
XAUUSD bounced on the red colour support level of the horizontal channel. It has a possibility to retest the 1236 area. In order for this precious metal to maintain its bullish move, the price must hold or stay above 1236 area for the reversal of trend. Easy trade if the price stays above 1236. Click like if you find this useful
SHORT 0.99982 STOP 1.01285 TP1 0.97675 NOT A RECOMMENDATION. FOR MY PERSONAL ANALYSIS ONLY.