Looks interesting. we have had some bearish momentum on the weekly, but are still in a healthy uptrend. We need to see a break of the bear flag and a higher low formed as a correction back into HL & HH uptrend structure. Then look for longs. Falls in line with the fundamentals and the long term strength of gold.
You can also look for longs now on the daily Once...
Double bottom pattern could indicate a reversal from bearish to bullish
Recent break and retest of neckline confirms strong buyside pressure and good entry point for long position
Price target based on previous key levels of structure.
1st target 1:5RR
2nd target 1:11RR
Gold is in the middle of a long term long or short but at this situation above we can look for the major retest for a buying opportunity and a break thru the trend line for a short term short....likely Gold moves in opposite to US Index so we need to be careful at this situation...
Plenty of EUR upside potential heading into next week against the GBP.
Drawn here is a potential price path the pair could take, breaking and retesting key structure levels.
We have seen a break of our descending structure for the first time, this could be an indication of a reversal heading into next week.
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Bulls have grabbed a firm hold of this market as we approach long term targets at the top of our previous structure to complete the reversal.
We marked potential key levels on our bullish ascent. Price has found resistance at one of these levels. This level was a key level in previous structure - therefore we can expect price to respect this level on the...
After the Big fall of February the First, XRP is trying to recover.
We are waiting to see a rise up to the next level 0.45$ if cross this limit we will se another bull run to 0.50$ if not, we will see another fall to 0.37$
Looking the RSI and MACD we expect a bull run.
Decided to dive deep into logarithmic charts for BTC for my own peace of mind.
What we are seeing quite clearly each cycle is that the angle from top to top is halving each time. We are also seeing a pattern from bottom to top in each cycle being roughly 0.619 times the previous angle from bottom to top. The effect of this is that we can accurately predict the...
This is EUR/GBP on the Daily Chart.
We can see price has respected this level of support since May 26th 2020.
Once again price has tanked down to our support level and bulls have been sitting at our support zone - we can see price starting to move away from our key area yet again to the upside.
We can use candlesticks at this key level as extra confirmation -...
We got two directions over here. So my opinion is to see if it's going to come back down to 22.500 as I drew on the Chart. And long from there.
Right now, LONGING from the Resistance is suicide. It's not just in this case but anytime if you longing for the resistance you are just gambling. Sometimes you win, but most of the time you going to lose.
im not confident on this set up at we still need to see how the market opens, but this is what i can see from the information available as there's a lot of selling pressure on the higher time frames i think we could potentially see the break of this range (marked with white horizontal lines)
Trend touchline on the Monthly timeframe. There's a bullish engulfing and a long bearish rejection.
My bias is that DXY will go up unless something big happens.
This trendline goes almost a decade back!
Chart is ugly for a reason, to make people actually read the description.
I mainly look at price action and using fib for entry points.
Looking at DXY we can see its clearly going up, DXY is now using 94.41 as support which was a daily low, the main key points for me in DXY is 94.83, 95.19,
95.41 and 95.92. If we assume from today we keep clearing each point in...
BUY STILL OPEN HERE... We continue to hold this!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading...