the Gold is going to a previous Weekly support , the Gold uptrend is forming a bullish triangle pattern ,
that support level seems a good entry with small stop loss , in case price break this support i will look for retest to enter short
AUDUSD been always a lovely pair to trade , up trend looks week but it dosnt seem that its ended , i look for a good support to buy again , i would confirm the end of the uptrend when price break strong support till then im buying low
classic analysis says up trend then price make rest and form a flag the a breakout to continue an up trend
but markets dosnt work like that !!!!!!! investors looking for a better price to buy so the might let the price drop down to where most people post there stop loss and buy from there , my advice if you going long wait for multiple confirmation
i want to welcome my self back , i have been away for while ,i didnt have free time to post in this lovely group
but im back again , well looking to the EurUsd we will find the long term trend is not finished yet , and the head and shoulder pattern might be a false alarm for reversal and its only consolidation before the price continue , my trade plan will be in...
this is a confused head and shoulder pattern , there is also the same pattern on Eurusd , the steam is running of and there might be a big reversal time , waiting fundamentals to complete patterns or ignore them and continue bullish
as we seee the head and shoulder pattern formed on Eurusd if price broke the neck line it will heave a retest and its the same range the pair retested before uptrend continue , waiting for a confirmation to follow the direction
the GBPUSD shows some signs of bearish move lastdays of the last week and this week opened with strong bearsh moves for the EURUSD its the AUDUSD time to show some reversal ?????
EURUSD formed some price action setups as my previous idea showed ,
AUDUSD on 4H framed showed a double bottom withe breakout and retest and its bullish it might reach the previous...