mybetkay

mybetkay Updated 

This is just an idea. Not sure which direction it will take at the moment. I was monitoring it for a long opportunity but for some reason, I completely took my mind off it and just remembered now. However, we break that trendline, then we can see a continuation of the uptrend. Alternatively, if price retraces back to the 61.8 fib level and we see a good bullish...

mybetkay Updated 

I spotted that flag on the 4H time frame. And since we've had that strong uptrend (check the daily time frame for confirmation) and now price is currently consolidating, I am waiting for a break of that trendline to the upside to go long on this pair. Breaking the trendline will see price go up to test the current resistance level in the red rectangle. Possible...

mybetkay Updated 

If we can see a pull back to that ascending trendline, later a bounce off and break of that minor resistance around the 142.200 area, then we can expect a good long opportunity for this pair to the next level of support highlighted in light-red. Or possibly a further upside to the major daily resistance level in dark-red. However, price can break the trendline to...

mybetkay

Possible short opportunity. 61.8 fib retracement after that heavy melt down. Break of the trendline will see the price confirm the short opportunity. Check on the 4H too for confirmation. Never underestimate higher timeframes.

mybetkay Updated 

With my amateur eyes, I see alot happening. There's a possibility of a head and shoulders here. If we get that then Gold might continue with its down trend. However, we can also see a double bottom after that long downward trend. And at the moment, the price looks like its going back upwards. For now, its a waiting game for me, if we break that possible formation...

mybetkay

A possible inverted head and shoulders on the GBPUSD calling for a long opportunity of about 100 pips and a stop loss of about 50 pips.

mybetkay

Some quick short for USDJPY. Retracement back to the support zone. SL should be around the current level of resistance. If we manage to break that level of support, price can drop further to the next level of support which is around the 109.200 zone for the next TP target Good luck to everyone planning to enter the trade.

mybetkay Updated 

With my amateur eyes, I see alot happening. There's a possibility of a head and shoulders here. If we get that then Gold might continue with its down trend. However, we can also see a double bottom after that long downward trend. And at the moment, the price looks like its going back upwards. For now, its a waiting game for me, if we break that possible RS, then I...

mybetkay

We can see price has tested that key level of support again - sort of like a double bottom. It is possible price may retest that descending trendline again thereby giving an opportunity to go long and grab a cool 160+ pips. I'm keeping my eyes open to see how the next candles playout. Also, you can check RSI at the moment and you will realize it is in oversold...

mybetkay

I am still monitoring this one. It has created a double bottom on the 4H chart. So possibly the aggressive traders can go long. However, because of that resistance level ahead, I am waiting to see if it doesn't create another RS to make a head and shoulders pattern. If price bounces off the the resistance and comes back down, then we can see further downside...

mybetkay

For the aggressive ones, this is a good short opportunity to short right now. I am conservative so I will wait for the price to break below the trendline and then retest the trendline before going short on this one. A good 70-75 pips. SL can be placed either at the level of the LS or RS depending on your own analysis. Good luck

mybetkay

With my amateur eyes, I see alot happening. There's a possibility of a head and shoulders here. If we get that then Gold might continue with its down trend. However, we can also see a double bottom after that long downward trend. And at the moment, the price looks like its going back upwards. For now, its a waiting game for me, if we break that possible formation...

mybetkay

This is my amateur analysis. I'm looking for a strong bearish candle close below the lower red trend line. I have actually placed my sell stop below that lower red trendline just in case the price breaks and I'm not aware. My first profit target is at 120.670 and tp2 at 119.800 depending on how it goes down. 119.027 will be the extended target if the market shows...

mybetkay

I am a novice both to trading and trading view. Just need feedback on this amateur analysis for this possible short position on EURUSD. I took in mind what I considered support and resistance levels on the daily time frame and 4H time frame. Also, the failure for the price to make a new higher high on the 4H time frame is somewhat an indication that the bulls are...