If we loose the Neckline we should wait for moves till the downside trend end up soon, but vise versa, we will see downside minor moves into the broken resistance, as shown in the chart.
having a look on H4 chart shows a channel trend pair :
so what we can do is set a trigger below the green line , and wait for activating it , but it seemed to have a retest on the middle line of the uptrend channel, then having a trigger of breaking the trend line.
stay tuned, it'll be fun :)
lets have a great and educational look at long term chart :
every thing is clear on this chart, the next move of USDZAR will be downside, but when ?
now have a look at long term moves of this chart :
it's shown that we had a broken uptrend line then we are having a pull back for rest of the moves, the RD- shows that the uptrend has been finished, and at...
price had a 5-impulse wave so its on retesting the mentioned support, now I'm looking for a good enter on this pair according to reactions on this support , if it breaks it down we'll wait for a pullback to enter as a SELL, but if we see some upside moves it'll be updated.
stay tuned
price is on the way to the target But now "BUY" is very risky so we should wait till the time of buy finish, then have a retrace on the last broken support, so we can buy there with a perfect R/R .
first have a look at the long term trend :
it's been shown that a big long term uptrend has been broken with a nice double-top pattern, then after breaking the neckline, it's pull-backing to the broken support, and it's expected that the broken support act as a good resistance, so we can have a good Sell zone there
in short term trend we have a channel which...
first of all take a look at the latest analysis about GBPUSD which approves a "double failed Ab=Cd pattern"
after these failed Ab=Cd pattern we should see some downside moves which are shown in this chart with their targets, but here are two scenarios about this pair :
1. (which I expect) , the price will come down to the "price and time target" then because...
first of all take a look at the major trends of this pair which shows that we're having a uptrend channel there
it should have a up trend to 1.3626 but it found a big resistance at 1.34 which mentioned with Blue square.
I got into the H4 time frame to find the time modeling so here you can find the H4 analysis :
if its modeling the up trend before, we...
First of all, it has a short term downside moves till 10 March after that it broke the downside trend line and it found two targets of 68.75 and 70.20 which it has shown on the chart, this two targets have a time modeling which it took till 21 March. we saw some upside moves but "Not reaching to second target" shows that the "Buyers" didn't have enough power so we...
Look at the trigger form of GOLD, if it active in H4 Gold should decrease to the target price till the time shown in the chart.
the trigger should be the trend line of H4 time frame:
Be TUNED !!
After breaking the down trend channel, we will see some moves on the way to two targets which mentioned on the chart.
Stop loss will be in the below of 65 $.
