My first chart analysis playing with trend lines so forgive the messiness but my current prediction for XAUUSD to kiss 1960 tomorrow?
Please leave your opinions and why, I’d love for some feedback and discussion on golds direction
What is happening here?
We can clearly see that the price is currently on a descending channel, the price broke the resistance line which is the top yellow one to induce retail traders to buy.
After the market maker makes his move he's going to stop inducing retail traders to long (buy), and shift from that zone to a major bearish move.
Wait for StopHunt to the...
"Beginner Analysis"
The daily timeframe shows its in an uptrend, the 4h shows a downtrend. If the key level is broken then the daily timeframe is invalid.
I am brand new to technical analysis this is my 2nd ever chart 😅 Grateful for any assistance in getting to grips with the tools and functionality of this site as it seems to have ALOT to offer 👍🏻
Price nicely jumps from our support line.Our RSI making nice divergence higher lows which means price should reverse up + my old friend Aroon say we are on the way to up trend i think price will move above top trend line if im looking at fundamental side of the trade theres is still big protests in America which means economy of America will decrease from other...
This looks like a range as it passed the 76%fibo and broke the channel just about.unsure however because once the 3rd boundary reaches lower than the 1st doesn’t that cancel\restart the range so would my 3rd boundary in this case become my 1st
Please criticize and provide some insight on what I've gone good/bad or if I've completely messed up.
EURGPB is in a long term uptrend since ~2015, I'd like to believe the current state from OCT 2016 till now is in a bull flag.
I'm seeing a 61.8% retracement as seen on the chart, we could see a breakout-continuation of the uptrend providing we break 0.93210...
there can be two outcomes to this one it could hit the bottom S/R and go to the top or rise all the way up to the resistance and break through or bounce back.
I have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.
There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
