AUDNZD is sitting around a daily resistance in blue so we will be looking for sell setups.
on M30: AUDNZD formed a head and shoulders pattern but the setup is not ready to go yet.
Before we sell, we need the bears to take control.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, AUDNZD would be...
There is a formation of inverse head and shoulders under construction. Once a bullish candlestick such as morning star , hammer etc. Closed the day on the resistance line. Then it is a strong confirmation for long term buy on the pair. Good luck with that as the fundamentals start to unfold
Gold prices fell sharply against a stronger US Dollar on Friday.
We can see price break our 4Hourly support trendline. around (1791) level
am looking for price to reject our support level at (1751) and make some possible correction before price continue lower
however if we see price back above (1800) i will look for price to continue long.
Anyone holding or trading XRP. The financial markets forex/crypto/stocks are going wild lately. People have now realized their true potential when pulling together. AS such we see many pump's in coins and stocks alike recently. XRP has rocketed the last couple of days. I myself held some XRP from .23c and sold it for double. Im currently holding longs on my...
Overall bullish trend .
Price is making a new small higher high and I do expect a formation of the lower low at the supportive zone of 1.21400 and then with a confirmation place a buy order.
However without a clear confirmation we can also have a breakout for the down side and even break the main supportive trendline.
All of this needs confirmation ⏳👍
It hit our target at the 21 ema , as we discussed in my last analysis, and it almost hit the pink line as well.
Now, it is doing a quick pullback, as it should, since it just reached a resistance zone, but there are some points to keep in mind. The red and purple lines are relevant supports for NIO , and the pink line was a support in the past, and it is...
- GBP looks weak vs USD and other pairs (IMO)
- RSI is low and meets our entry cretaria (with the fibs)
- Price is at the 38.2 / 30 support zone and already rejected it once
- The bearish trend is loosing steam!
Everything clear on the chart.
The daily confirmation is formed by an engulfing candlestick formation.
If the price can cross the first target which is intersected with the black trend line, we can expect continued upward movement towards the second target.