AUDUSD has presented us with a nice reversal pattern at the end of a bull run indicating that it is about to reverse.
If you haven't entered already, wait for the break of the neckline and a retest.
See links below for more in-depth charts and analysis.
Another USD*** setup here, banking on some USD continuations this week, we had a long rally from 18th March for 2 weeks, followed by a subsequent correction from 1st April until present.
Really looking to find corrective exhaustion so we can look to potentially instigate some of these USD*** long setups. or ***USD shorts.
So we hit the 4080 level which is the most extreme point the reversal can happen. I predict we will start to drop this coming week.
What I will be waiting for is a STRONG impulse to the downside on the 5 minute and then WAIT for price to bounce, that is where I will look to enter.
Reasons for Bias:
Volume and price divergence
Parabolic moves dont last,...
Previous TESLA chart played out almost perfectly. We were anticipating a deeper correction back to the trendline, which we got! We can now look for continuation patterns and ride this wave to the moon. See you there ;)
See linked chart for previous Tesla chart.
Last week we were anticipating a break of the wedge which we got. Now all we have to do is look for a correction and enter - ideally the correction would be in the retest area marked on the chart as it is a strong level and price tends to revisit broken areas e.g. broken trendline, zones.
Await correction on a smaller timeframe.
See links below for more in-depth...
Think the dollar is only going one way this week due to the ton of support it's got underneath after the past 2 weeks. Lets tick them off:
Cleared the 61.8% fib
Break and retest of the descending TL
Got above both the 800 and 200 EMA's
Clear new bullish structure with Higher High's and Low's
GBP has been showing some weakness recently but is this simply a correction or could this be the start of a reversal?
As always, we wait for confirmation. If price breaks down, we will be looking for a retest to take this pair lower.
See links below to see how we can trade this.
Goodluck and trade safe!
We maybe seeing an ending diagonal pattern here with a double bottom reversal pattern, indicating towards a bullish breakout. Confirmation would be a break of the trendline and zone and a retest. Will be keeping a close eye on this pair this week to see if we can get an entry.
See links below for more set ups.
This one follows the last USDCAD setup.
After taking profits with 5R in the bank, prices have now reached support.
This trade would be aimed at the more advanced traders since it's a long order in a downtrend.
I simply just expect prices to bounce off the support back up to the resistance.
Let's see how this plays out.
While the price is above the support 14.5030, beginning of uptrend is expected.
We make sure when the resistance at 16.3405 breaks.
If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
Really clear and good structure on Gold on daily here.
Completed the 61.8% pullback from the March lows before Covid and bounced, due to that, the 3rd touch of the long term trend line and also the Daily Support. Added to that the nice double bottom and this was a very good trade to take!
Now I'm looking for a breach of 1750 to go long again.
If there's no...
We've broken support here at the start of the week and already offered a retest.
Another potential wick retest could be great, effectively offering a us a maximal short entry with a lucrative RR of 1:6. Need to make sure we don't close and set a new HH though.
Shorting down to support potentially, and then buying back up to the zone we could...
There is a Trading Signal to Sell in GBPUSD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell now or Sell on 1.3789
⭕️SL @ 1.3861
🔵TP1 @ 1.3687
🔵TP2 @ 1.3611
🔵TP3 @ 1.3492
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