Just Some Analysis on Gold. We'll see how the market responds on Monday.
XAUUSD is bearish on daily, and recently it has broken 0.5 fib level. a reverse cup and handle can also be seen in the downward parallel channel.
CUP and HAndle Formation indicate the possible continuation of the trend. Take entry after a breakout out of the handle.
Take entry at the breakout. WIth SL and TP as mentioned on the chart.
Wait till the candle closes and Take an entry when the candle closes above 0.382 fib level.
ABCD pattern on H4 BTCUSD. Projected to be bullish before a possible reversal at D
H4 shows a near perfect ABCD pattern for reversal.
Best to wait and see how it progresses. Wait for a better signal to get into the trade.
Based on Fib, It is possible that there might be a trend reversal. If Fib 1 is broken it will go long.
Bullish trend with HH and HL s , and presence of three white soldiers marks the HL which is good entry.
Daily timeframe shows a bullish trend, Presence of a reverse hammer marks the HL which is a good point of entry.
The chart is showing a reversal of bearish tred with the formation of three white soldiers.
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