Price action is showing the tiring of bears. If we break last significant lower high we can expect to have a push to the upside as directed. Trade safe kind regards, Sunny Kumar
Analysis :- Overall momentum is clearly bullish judging by the higher timeframes. For Longs : For a buy to be validated we should anticipate a 1H continuation pattern past the last lower high at 3508.5 precisely . Shorts : For a short term sell (higher risk) we should wait for a continuation patter around the 3480 mark. If we get this we can take sell to...
Short term sell potential for AUDNZD after a week of bearish pressure.
Looking for a short here. A mini head and shoulders pattern as well as new lower lows being formed looks good for a short here. Sunny Kumar
With Global uncertainty and potential further lockdown rumours I expect Gold to have a bullish move with further safe haven flows.
Postential short incoming. Price had an initial push to the downside over the last 2 weeks. Price seemed to have retraced to the key level at which it was broken. Price has pulled back nicely and stallling at 61.8percent retracement level. we are attempting to create a new low . once we break the structured 1h higher low we show see it drop to the structure lows.
Currently in this trade at a risk of 1 percent of overall account size.
Expecting further drop. Price is reacting to the key level as forecasted. I expect price to at the minimum push down to the trendline. If price breaches the trendline it will likely hit the target as predicted.
NZDUSD short potential in 45 mins if valid retest is confirmed.