sunnyk92

sunnyk92 Updated 

Gold is forming a reversal pattern and showing considerable signs of deceleration. If we break the 4H support and form a continuation pattern on the lower timeframes we can expect price to test the broken structural prior resistance which is yet to be tested. Price can continue moving to the daily resisrance/weekly resitance until we see further rejection...

sunnyk92 Updated 

Price formed a nice bearish flag, and now is breaking and retesting the 4H support. We can expect price to come down to the area marked with TP1 being the area of interest to see if price will continue down.

sunnyk92

as directed

sunnyk92

CADJPY - Price had a nice doji candle formation on the weekly descending trendline on the weekly timeframe. Since this formaition price is showing bearish structure. On the daily timeframe we had a nice impulsive push to the downside and since then we are reliefing. If price is to make short-term lower-lows we can expect price to move another leg to the downside...

sunnyk92

As directed

sunnyk92

USDCHF - Price is clearly in a descending structure but showing signs of reversal. If we start pulling back we can look to take it back down. If we break last significant lower high on the daily we can expect price to continue to the upside short term as directed. Both trades are of moderate/high risk given its risk parameters. Trade safe Sunny

sunnyk92

31/12/20 - Current momentum is clearly bearish but it is sitting at/near weekly and monthly support hence sells will be considered short term of moderate/high risk. Buys should only be considered once price breaches weekly resistance with strong momentum. Then we wait for a nice continuation pattern to confirm further upside. Have a great new years! Sunny

sunnyk92

31/12/20 Price is expected to relief and we can expect exhaustion before another push up. Price is at/near monthly resistance so buys are short term of higher risk. Shorts can only be taken if we have a daily break as directed and a nice valid continuation pattern. Have a great New years everyone! Sunny

sunnyk92

22/12/20

sunnyk92

20/12/20

sunnyk92

Analysis - 20/12/2020

sunnyk92

20/12/2020

sunnyk92

Price has rejected the Monthly lower high and now is trying to create lower lows. If short term lower lows are created , I do expect to price to push down as directed via the blue arrows.

sunnyk92

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sunnyk92

CHFJPY analysis 16/12/20

sunnyk92

EURAUD potential longs incoming. After a nice daily breakout we have had a bullish flag being formed. If we maintain this momentum and retest as directed, we should see another push to the upside.

sunnyk92

I have just entered GBPCHF. Price last week made a huge surge to the upside and has since corrected . Over some fairly optimistic brexit talks we can expect price to push to the upside as directed. Technically price has confirmed by a nice break and retest on the 2H timeframe.

sunnyk92

If price breaches and a valid retest is observed then we can expect price to continue down. Needs more development to take as directed. Kind regards, Sunny