XAUUSD has been on a descending channel from end last year 2020 and it has not been able to activate any buy orders after hitting all time high...Buy orders has been accumulating and we will be waiting to experience buy trades in the next weeks,the market is still in a Bear market,buy order will be open only if there is a breakout structure...BUT it will be only...
Gold has been forming HIGHs which have been consistently broken to form HIGHER HIGH,but now it has formed a lower high which might be an indication that sellers are starting to accumulate orders from the bank.However,to justify further there is a formation of double top pattern(also known as Ms formation).Basing this also on supply and demand,there is a rejection...
Nas100 has on an uptrend for many days, years,It being an NFP week, market makers are trapping retail traders until endweek, however nas100 has a support trendline which has not been tested for the third time although it is strong and very effective.We are looking forward for a bearish momentum to the downside after the market reverses from the zones I have drawn...
AUDNZD has been trading opposite of the retail traders expectations,this week we will be watching only the smaller TF which is 15min chart,we are expecting a reversal to the supply zone which was formed before the pullback✔️if the zone is broken consider the setup demolished.Have a nice trading day.
AUDUSD has been on a bearish momentum jn the last days, sellers were in control now we seeing the demand zone accumulating orders for the pair to go long, the marked zones is where the market should reverse,if it breaks it might be invalid but might also be a STOPHUNT
EUR/USD has been on a bullish run for the past weeks and it has been on this trendline the past week,it left support zones which were not tested before,In the zones A,B,C we might find buyers gaining momentum for the uptrend to occur
After analysing i saw a support and resistance trendline forming which is heading to the next zone,i took the trade before and now am taking second trade with buy stop at the small zone seen on the 15min chart
1)Major support trendline is broken on lower timeframe
2)We have reached weekly supply zone
3)We are starting to make lower lows indication of a reversal
4) Ichimoku cloud support has broken
•WE WANT A CONFIRMATION FROM THE LOWER SUPPORT ZONE,IF IT BREAKS,THEN THE ORDER WILL BE TRIGGERED•