GBPAUD is trading in bearish parallel channel. And also completed ABCD pattern which signs for a bullish attempt. As the RSI being over sold seems like a potential buy setup.
what you guys think of it ?
I was initially under the impression that UJ might be prepared to retrace deeper. if the 23.6% fib did not hold. The Fibonacci level has held up nicely. Yesterday another indecision candle on top of support, and the 23.6%. In addition, the 4H moving average crossing to the upside, the 1H formed a higher low after forming its higher high within this range. I...
USDCAD is trading in strong bullish momentum and currently trading at strong support zone and also getting support from inclining trendline.
Will it continue its bullish trajectory from multiple support zones?
NASDAQ:TSLA
TESLA so far has proven everyone wrong. Hopefully the new earning report and announcements will attract new/existing traders and investors to overpower the market again. As far as technical analysis goes, I think we will need to see a few more bullish candlesticks to call it a proper breakout.
In terms of momentum build up and a proper squeeze in...
Hey traders, looks like there is potentially ample trading opportunities heading into this week. Here's the first of my charting from over the weekend.
First I'm looking at a bullish shark formation of the AUD/USD. Price has been charted on the 1 hour for greater detail of movement, but I will be looking for a sign of reversal from the current price level on the...
After missing out by a few pips on the bearish cypher pattern I posted earlier, the market has presented us with another opportunity and this time it's a bullish gartley pattern so let's see what the market will do this time around.
This charting shows the bullish breakout idea as I currently can see on the GBPJPY pair. Only IF we get the confirmed breakouts, tests and bull moves this will be in tact.
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