Swing trade on gold Broke into consolidation range but failed to sustain the push. The bearish close which followed proved that the bull run has come to an end and we are now looking for a bearish leg
Retest of the previous trendline along with the dollar holding strong on the index
Good day good people 3rd touch on resistance which proves to be strong once again. The euro has been rejected and down we go. Trade safely
FLASH CRASH FILL? AWAITING BEARISH CONFIRMATION
TRIANGLE PATTERN HAS FORMED FOLLOWED BY A BREAKOUT AND RETEST. SL INSIDE TRIANGLE TP NEXT BLUE BOX INDICATED ON CHART
RIGHT SHOULDER FORMING IF NECKLINE IS BROKEN, EXTENDED TP WILL BE A MORE ACCURATE REALITY
Hey guys I'm back again with another update. EURUSD has been confusing people lately, every one thinking the bears are finally here and the market is about to fall to the bulls coming back strong and driving the market back up. I believe that we are trading within a tight range provided by indicated trendlines on the chart. Once the channel breaks can we look for...
EVEN THOUGH THE PAIR SHOWS BEARISH MOMENTUM FOR THE DAILY AND WEEKLY CLOSE CANDLE. IT HAS STRONG SUPPORT WHICH CAN REVERSE THE MOMENTUM.
LOOKING FOR THIS PAIR TO GO SHORT. THE PAIR IS BEARISH ON BOTH DAILY AND WEEKLY LAST CANDLE AND I HOPE IT CONTINUE IT'S BEARISH MOMEMTUM.
Zone to zone, trade what you see. Just my thoughts
Price may go both ways. Weekly chart shows a nice bullish bounce off a supporting range zone from about 2 years now. Now price is mainly being rejected off the 38.2 Fib from the long downtrend on the daily chart, which a rejection off 38.2 FIB tends to be the strongest in continuation of a trend so I may be entertaining going short instead of long. Whichever way...
So our last analysis on AUD/USD about 3 weeks ago with the Inverse Head & Shoulders to complete Wave 4 caught us 130 Pips. Now we have multiple confluence to enter short for the completion of Wave 5. BUT HOLD ON A SECOND!!!..... We are waiting for bearish confirmation off the retest of 2x Top Neckline and RSI bounce to the downside off 50.0000 on market open...
Price broke through a Daily Supporting Trendline and retested it in confluence with a previous Supply Zone! 148.000 Price is being rejected off the 4 Hour Resistance trendline and has as well broke through a supporting trendline. Hidden bearish divergence and RSI bouncing off the 50 RSI. TP1 145.500 TP2 145.500 TP3 144.000 TP4 143.500 TP5 143.000 FXLifestyle -...
Weekly: Price broke through support Trend line Daily: Bullish Divergence-RSI making higher lows, Respecting Demand zone @ 0.75000 & Support Trend line, Inverse Head & Shoulder off completed 3rd wave of extended 5th wave & Lower Band 4 Hour:Bullish Engulfing candle bouncing off 38.2 Fib TP1: 0.76000 @ (Daily) 38.2 FIB aligned with (4Hour) -0.27 FIB Price will ...