so this is all matching up see more continuations for more bullish movement and lining well with the resistance and support levels and now at 382/0.5 FIB retracement levels
XAUUSD has been trading in a complex correction since hitting the 4th of September high. We can now count a complete Elliott Wave X-Y-Z pattern. The 1445 - 1455 area has provided good support / resistance in the past and the 38.2% retracement of wave 3 comes in at 1447.
We have bullish divergence on Stochastic indicating momentum could be shifting to the upside...
Double session buy
+50 pips
Price sitting at the current London session high (as of writing)
can expect a 75% reversal retracement but reducing it to the nearest big round number.
Looks like the consolidation from the crash is coming to an end in the next year or so. Coiling down at 200p and will probably want to retest previous highs around 250p
one of two things might happen , immediate breakout of res line and neckline and retracement to make res support and continuation , or price to drop to find support @ 0.89665 and rally up P.A/P.O- just above that for buy.
prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames
opinions and engagement welcome as always
price is going back into the lowest zone of my key zones , so that is also part of my...
CADCHF could see a retracement down to the 0.7444 zone area after double topping on D1 before resuming a bullish stance.
US stock inventories haven't helped the bulls !
Watch the PA if the 0.74 lows get taken out
Hi Traders, here is my analysis on EURCHF buys. This is based on the consensus for ECB today (in 36 mins of time of writing), which will create a short spike down for potential longs (if goes as planned). Combining this with the technicals, we can see 2 levels that are yet to be filled, on the weekly fib, and a daily fib. Of course, if news comes out the other...
Hi Traders, here is my analysis for EURCHF BUYs. The trade is not ready yet, but this is what I am looking to play out. Theres clear traffic straight into a resistance level for a start. For those who don't understand clear traffic, it is usually when a succession of candles of the same colour head into a zone, and price reverses to usually take out those candles...
Litecoin/Bitcoin (Binance)
Litecoin has been following the down triangle and is now being met with resistance at the 0.007000 - 0.007100 range.
As we can see there is starting to be a swing back to the upside starting.
On the 3hr chart we are looking for the reversal back to the...
As the title suggests, EBay is currently retesting previous resistance. Due to being overbought, we feel this stock will fall to the downside and retest previous support
Price has formed an expanding wedge formation on the 4hr chart. This Index created a New ATH on 25th July and has since been in a bearish move. We feel the price will complete a retracement to the 38% Fib level before continuing in it current direction towards the 127 Fib Extension. Bias is still Bullish, and once our current target is reached, this Index could...
UC has given us accurate setups throughout the month.
This time the pair has broken 2 bullish trend lines. The recent bullish channel (4h chart) was broken and the pair retested its trend line it at the 61.8 fib level.
The most recent drop in the pair resulted in a breakout of a major trend line if we zoom out to the daily chart.
The price is currently being...
