GJ is rallying to the down side to possibly fill March's bearish wick. GJ in the next week or two could push bullish possibly to 130.750 area, to retrace down to create a new weekly lower wick. We could be expecting this in the next week or two, depending on how the pound and yen pair react to market movement. Potentially catching 1000pips to the downside to...
The market is currently in an uptrend which is shown in the 1 day time frame. Either the market is gradually go up to the one month time frame trend line (direction is shown by the BLUE arrow) or it is going to go up towards the mid range time support and resistance level (more easily seen in the 1 week time frame) and then going to return back down after failing...
Short at : 1712
Take Profit: 1660
Stop Lose: 1724
Following the trendline from Upward to Downward.
Resistant Level is 1680.
This is my 2nd analyse for XAUUSD ... I did not coppied from anyone
Please Like it and share for appreciation for me .
If Daily Pivot breakdown it will fall for Sport at 1645 ... My eye on 1700_R to 1600_S
Looking at the 4 hour and 1 hour chart, we can see an uptrend.
On the 4 hour chart we are in an ascending triangle. On the 1 hour chart we are in a steady uptrend with price bouncing between the support and resistance.
The Stochastic indicator along with the RSI is suggesting price will retrace back to the support zone, this is also reinforced with price sitting...
Looking at NZDUSD for the coming week, looking at the chart pattern i'm expecting price to retrace to the support zone and following the hour trendline. The stochastic indicator is also showing the market is over bought, suggesting a drop.
With a 1:2 risk to reward ratio, looks to be a nice profitable, bearish setup. What do you think?
was creating a nice uptrend respecting rejects off the trend lines making higher highs and lower highs , then took a reverse after making the 3rd touch on the line creating after that a higher lower making a downtrend incoming to make a 3rd touch on the lower trend line . aswell as there's nearish divergence created on the 1hr time frame . should be a nice 50-60...
CAD/CHF has been moving below the 200 period EMA for a while now. Whilst below we are looking for sell trades only. The pair made a lovely and strong move to the downside before pulling back slightly in a bullish channel. We saw a test of the 200EMA before falling back down, breaking the bullish channel support. I would expect some pullback and thus stop loss has...