Gold has created a triangle pattern, IF price breaks above and close in 30 min timeframe in the triangle then can look for buy. IF it closes below the triangle then we can look for a sell. Any movement from gold can give about 100-200 pips
Next portion of nice setup and behaviour of GA. On 4H timeframe we got a false breakout. Also there is 1H, 4H retraces which is telling me there is bears in control. We have a continuation pattern as well (bear flag) So for me there is only SELL for now, Keep you updated. Cheers.
I took my profit since it was starting to decrease. I'll hope back in maybe when I see a change. P.s - I GET SCARED WHEN I SEE THE PROFIT DECREASE TOO MUCH. ~NEW FOREX TRADER.
its my forcusting do not trustin every one
GBPCHF H4 - Approaching/fighting that huge 2.00 handle. Also ties up nicely with our previous supply zone and resistance area, could be a good price to look to short from.
HEre we can see a W formation waiting to happen This is just a quick analysis that I have made up just for an idea long term if u want to hold some trades during this week.
See chart for entry. Stoploss: Entry 1: stop loss above pattern Entry 2: Stoploss above retest level TP: 1.515
now we just need the retest To go in in the operation and go long, this will be the part 1 of our entry, the second one will be the short one that will we also really interesting.
USDCAD looking pretty good right about now. Will wait for signs of reversal and then enter. Looking for atleast 200pips.
Keep a close eye on the drop and enter on reversal for the upside.
Waiting for price to push up and hit the upper resistance of the channel. Coincides with -0.27. Still needs some time... 1300pip target.