chisommarvell

chisommarvell

My Analysis on Gold: 1) Reach a monthly high 2) Retraced on a FIB ratio between 50% and 61.8% 3) Had a breakout from a bullish pennant and also made a retracement NB: These confirms our bullish sentiment on Gold. FOR ENTRY: AN AGGRESSIVE TRADER can enter with a good candle pattern from a lower timeframe (1H, 4H) and volume confirmation. A CONSERVATIVE TRADER...

chisommarvell

So after the long wait, price is about to hit our TP. The market was in a range for a long time, forming a decending triangle. The decending triangle confirmed our SHORT analysis. After the breakout downwards the market is heading down to our TP.

chisommarvell

Technical Analysis: Breakout out from the daily support zone. A retest to the previous major supply zone. Another breakout again in the 4 hour time frame (Breakout confirmed by volume). Then a retest of a rejection candle which is confirmed by a high volume Sell order confirmed. Technical indicators: Volume - ascending volume confirms a trend and corresponding...

chisommarvell

Looking at the chart you will see that EURGBP has been ranging for so many days, forming multiple head and shoulders. Relentlessly trying to have a breakout from both the trend line and support zone, Finally it did. At this time every trader watching this pair will be happy after the long wait. If the trader is an aggressive one he would sell immediately but for...