Price failed to break key demand zone on daily timeframe and immediately pushed up from that zone Following the push up, a hhigh was formed with a shallow 382 retracement, it is my anticipation that price will target previous highs between 167.000 and 169.000
All confluence in chart - uptrend broken - double bottom on 4hr tf which usually acts as a magnet for price to return to - overall bearish bias as market has been in down trend on higher tf
LONGTERM Head And Shoulders Pattern on the weekly. Currently long on this pair based on smaller time frame buy opportunity. Please do your own analysis and draw your own conclusions.
In confluence with previous Bullish bias on GOLD, following the recent heavy bearish move, it appears that on smaller time frames 15, 5 min we can identify price has formed a floor of support and this may be a key turning point for price to head back higher. From the chart I identified a BEAR MARKET TRUNCATION pattern in the elliot wave. If price plays out in...
USD has been showing strength to the upside against the Yen. As you see I have illustrated a triangle wave pattern and anticipating an impulsive wave to follow through to carry price to previous areas of supply.
In confluence with my prior bullish post on GOLD, we see price has broken out of our pennant on the Daily timeframe, hitting our first TP. Price has also broken and retested the previous daily high, With recent hawkish USD news, it is often anticipated that gold would tank however it seems to be gaining momentum alongside the dollar and further upside is...
After seeing the Yen develop munch strength last week, we saw alot of Yen quoted pairs slide, one being EURJPY. In my Monthly chart analysis we see that an elliot abcde triangle pattern has been formed and following the rejection of rice on the upper trend line, it is anticipated that we can see further pushes down to test, break and form new levels of...
AUDJPY long biased fundamentally and technically as the AUD continues to show signs of strength, I believe it is a more safer and risk off currency to trade during these times of uncertainty. As shown on the chart, from a technical perspective it appears we are entering what I anticipate to be the 3rd wave of the overall impulse to break out of the contracting triangle.
As GOLD continues to respect both upper and lower trend lines of the DAILY BULLISH ASYMMETRICAL TRIANGLE PATTERN, my anticipation is that price will continue to go further up to break the upper trend line and target higher highs. Price is currently at 0.618 retracement level on 1HR chart, if price breaks this level, or the previous support level then we will...
EURCHF long bias in confluence with the directional bias of other CHF quoted pairs Key Points: Trend line broken and retested
GBPCHF like other CHF quoted pairs, bullish bias as price rejected major level of support/demand structure and price contracted to breakout to form higher high on smaller timeframes
In confluence with my DXY bullish confluence, the dollar continues to out perform other currencies. Evidently from the strong entry of the bullish heiken ashi candle, along with the rejection from the lower trend line, price failed to make a LOWER LOW thus confirming that price is aiming to retest the upper trendline
DOLLAR BULLISH as the dollar continues to rise you can see it failed to make a lower low and is instead moving to make higher highs (hopefully) price found support at the lower trend line and was accompanied by very strong bullish heiken ashi candles. Lastly you can see my 10 and 30 EMAs are just about to cross signaling a very good time to enter. Also MACD lines...
In confluence with my DOLLAR BULLISH bias...it seems audusd may just retrace to 0.618 level and continue its decent
In confluence with bullish chart pattern on DXY, looking for potential long entries on USD based pairs.
GBPJPY SHORT bias based on current market trend being a down trend and price broke and retested several major levels of structure so it's just anticipated it will continue it's descent. Also, price recently tested a major level of support for a THIRD time. It is anticipated that price will break this structure level on the FOURTH retest after the .618 pullback and...
PRICE IS AT MAJOR LEVEL OF SUPPORT / RESISTANCE. THIS AREA IS ALSO AT 0.618 RETRACEMENT LEVEL OF PREVIOUS SWING HIGH AND LOW ON DAILY TIME FRAME. WEDGE PATTERN FORMED WHICH IS ALSO AN INDICATION OF TREND REVERSAL
NZDUSD PRICE REACHED MAJOR RESISTANCE ON DAILY TIME FRAME TRIGGERING SELL OPPORTUNITY. USING FIBONACCI RETRACEMENT, I EXPECTED PRICE TO RETRACE TO 0.618 LEVEL WHICH WAS OUR PREVIOUS RESISTANCE/TRENDLINE. PRICE HAS CONTINUED PASSED THAT LEVEL, SETTING MY NEW TARGET FOR APROX. 0.716 WHICH IS PREVIOUS LEVEL OF SUPPORT/TRENDLINE.