Goldr / USD - Descending Triangle versus Tentative down Trendline If the Gold will break up the second Tentative down Trendline, it may gather the momentum and break up the Descending Triangle If the second Tentative down Trendline will push the Gold price down it may break down the Descending Triangle. Silver / USD may give us a hint. Does the Silver have a...
Silver / USD - Descending Triangle versus Tentative down Trendline If the Silver will break up the second Tentative down Trendline, it may gather the momentum and break up the Descending Triangle If the second Tentative down Trendline will push the Silver price down it may break down the Descending Triangle. Gold / USD may give us a hint. Does the Gold have a...
Gold / USD - The Descending Triangle will break, one way or the other. Silver / USD may give us a hint See below the links Silver / USD
Silver / USD - The Descending Triangle will break, one way or the other. Gold / USD may give us a hint See below the links Gold / USD
I posted a case on the daily taking some liberty with the possibility of a symmetric triangle -- I determine a bullish case due to MACD/RSI/OBV suggesting a positive divergence with respect to price. In this case, I with a descending triangle, I see a channel that is forming in a possible uptrend with significant fib resistances.
AUDCAD trades in descending channel. Possible long on completed bullish cypher. Lower setup for long could be the channel boundary. Long target should be the top TL of channel and completion of bearish shark lvl1 and bat @316.
If The PA breaks the descending channel, next support might be @735 completing the bullish gartley. No structure level in the gap (815 - 735) to provide any support.
USDCAD is trending down in a channel and this H1 gartley might not hold the PA of reaching the channel boundary. RSI entered the oversold area.
Nice double bat and cypher setups in a descending channel for shorts @ 1448 and @1460
Cad recovering nicely and gained across the board. Maybe CAD has enough strength to complete this bat before loosing stamina.
Possible H/S pattern with a very clear neck line. Expect pa to bounce @ 58 levels and pushing to 71. 71 level could present a strong res. and possible drop to neck line. Breaching the neck line a new low in the 32 levels.
Possible bearish gartley in H4 descending channel if PA manages to breach 1306. The PRZ iz (1331 - 1317)
After the bearish rally into 1.0856 the correction reached 38.2 ret. but not the 50 fib which suggests more downward move. The PA bounced @ the median line of the descending channel with weak RSI around 50. This looks more bearish than bullish. The short at these levels could end completing this bullish bat.
We have a possible breakout/breakdown of the EUR/GBP. There has been a descending triangle forming on the 1 hour charts. The 20 EMA is carrying price lower, while the pair can't really create any push past the 20 EMA. We have a fairly solid support area around .8218. Also, lower highs. Possible break down to .8190 for 25 pips. Stop right above the 20 EMA. Reward:...
Bought this pair on the retest of the trendline. Confirmation was doji/pin bar and bought the open of the next bar. Good R:R of 3:1.
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