Gold might be going down until it reaches the trend line. But be careful because the price is likely to push up once more. Another flag could mean another sell setup.
The change in divergence is likely to result in an up trend. Based on previous structure the price might go up and give us a long setup
The trend direction might be changing. A major resistance level has been reached which might indicate an upcoming long opportunity. This resistance could as well just be a small flag so i would not suggest buying yet. However, I am pretty sure there will at least be a short corrective structure to the upside.
Look for the breakout on the support level. It could be a nice setup for a short opportunity. If it doesn´t break, do not sell!
There might be a nice buy setup on the EURJPY . If there is a breakout on the flag, the buy setup is finished.
Wait for the structure to be finished and break out. There might be a buy setup after a short consolidation. Don´t place the targets too high because there is another resistance level on the daily chart. If the structure does not come as expected, do not buy!
On the NZDCHF there is a setup for a mirrored flag. When the price comes down to the flag´s resistance level there might be a nice sell setup.
If the price starts climbing again and if it breaks out, there might be a nice buy setup for a relatively short time. On a daily basis the NZDCAD is on a down trend so do not set the targets too high.
There might be a mid term as well as a long term buy setup on the EURNZD. The first buy setup is on an hourly basis, the second one a daily.
I am looking for a break of the support level and a sell setup after a short consolidation. If there is no breakout I will be waiting for another push to the upper resistance level to complete the WXYXZ-structure.
Waiting for a breakout on the EURCAD to get a nice sell setup
Looking for a buy setup on the GBPJPY. If the price goes down to the resistance level one more time and consolidates after a short pushback, the buy setup is completed.
Potential sell setup AFTER a breakout AND a short consolidation. Targets shoud not be placed too low since the price is in an up trend on a daily basis (It is coming back up after hitting the lower resistance level).