FX_Monk

FX_Monk Updated 

Long term Target for the symmetrical triangle breakout.

FX_Monk Updated 

4H closed bearish and rejected the .618 level of 1937. The corrective wave B of impulse wave of A is complete. Now we can see the continuation of the downward trend (Wave C). If price breaks 1926/1915 and reject these level then we can see 1910. Trade Safe!

FX_Monk Updated 

Hello Traders! As per my previous post we saw a bearish flag formation on 1h chart. Which was confirmed by yesterday's price movement. 1926 was the support level which is now broken and price is heading back to 1915 level, if price breaks 1915 then we can see the 1907-1901. Trade Safe!

FX_Monk Updated 

Hello Traders! Symmetrical triangle breakout with target of 1937 . Fib retracements : 1 ) Price took support at 1915 (.382% ) and heading up to 50% retracement (1926) 2) If price breaks 1926 we can see the price move up to 1937 which is (.618 ) retracement for the impulse move down. If price reaches 1937 it will complete the formation of bearish flag pattern....

FX_Monk Updated 

Hello Traders! Bearish: The daily candle closed bearish today with a bearish piercing pattern. The 4h also closed as bearish engulfing prior two 4h candles. If we break 1897 level then we will see price retracing back to 1888 levels which is also 0.382 retracement for the last impulse move. If the price breaks 1888 and rejects we will be in...

FX_Monk

Hello Traders! As you can see there is a formation of pennant on the 15 mins chart for gold. This is a continuation pattern , break of either side will determine the trend. The current trend is bullish. Trade Safe!

FX_Monk Updated 

If the triangle breakout remains intact and the price remains above 1832 which is now the weekly support. we may see the price reaching back to 1900 levels if not then we are heading down.

FX_Monk Updated 

Symmetrical triangle on 1hr chart with Rising wedge pattern . Target area 115.115

FX_Monk

Well if the prices closes below 115.339 which is the 4h support and the ascending trendline, we can see price going to 115.101.

FX_Monk Updated 

USD/JPY the price bounced off from the .382 fib retracement and rejected the .236 Fib level, looking to short it till %0.5 fib level 114.790. The blue boxes are 4h resistance/support zones, any close above the 115.137 will take the price to retest the breakout at 115.382. SL 115.162 - TP - 114.795

FX_Monk Updated 

Falling wedge pattern on 4h charts - Blue zones are 4h zones and Orange one is 1hr support zone. The price is currently sitting at 1800 and if it retest the 1804/6/7 zone , one can take short position upon an rejections from the zone. TP is 1792 and SL 1709.