This pair has formed a double top at a trendline resistance,broke out of the channel..retested and the bears will be looking to push the market to the downside, the overall direction is to the downside
The pair has broken the resistance of the head and shoulders, retested on the H1 and the Bulls will be looking to push up,note that the overall direction is downwards
The pair has moved to the resistance of the channel and created a double top,breaking the trendline and retesting on the H1. The bears will be looking to push down
This pair has completed a double bottom formation, Elliot wave pattern and also the butterfly comes in place, after every completion the market goes in the opposite direction
This pair has been respecting pattern completion throughout the week,though the completion will not happen by today the market has moved to a highly tested support minor and will be looking to push up
The price has hit the major trendline resistance minor resistance which makes it two confirmations that the price will go down, sell stops should be below the support after a breakout
One of my strategies is called a Best plan, A Best Plan is recognising what is about currently happening but not taking a trade until what you want to happen actually occurs. In the pair I am anticipating Gold to drop to 1794 creating a 3rd touch in the channel as it has created a new high the shooting up again.
The major trend in this pair is a down trend, broken down to H1 it has gone below two zones therefor creating a consolidation as seen, a breakout below the minor support would definitely allow the bears to push through
This pair has retested at a trend low and broken into a minor zone after breaking out of the downtrend. Therefor retesting the Support, the pair should go long from here
