1) The trend is overall downward on the 1hr. #TRENDTRADERS
2) There has also been multiple touches of this downward trendline
3) The upward smaller timeframe trendline has been broken.
4) It looks like price has come back for a retest.
This is a good risk to reward of 5
For my free shorter term signals___ the link is...
1) Price has been in a general downward for a while now on the longer term and looks like it may retest the 0.8320 area
2) Price is coming to the roof downward channel and we may see a reversal.
3) It has also has a bit of horizontal resistance at the 0.84700 level
4) The RSI is also coming to the overbought area as well as divergerence
This is a good risk to...
Gold rallied up on Friday to close 1571.7. I see at 1582 a possible pull back to the 1510 area, (watch for a break below 1557), but because on recent news in China, this now is less likely.
A break above 1582 should see a steady rise above 1600 reaching the Months 1611 high.
I do see soon a rise to 1700, the chart shows a small consolidation at this level, if...
GBPUSD got to the point when it's making a bigger correction just after the Weekly Trendline been broken.
What is that mean ? - It means that now we are waiting for a bigger confirmation pattern to form and once the pattern is finished, we will try to get in on the low and ride this beautiful big move to the upside.
Probably its going to take the...
Monthly and Weekly charts demostrate strong down trend. Daily and 4 hr chart indicate weakening buy signal and retest of previous 4hr lows at 1.108. Waiting for break and retest of current low (1.1) to execute sell trade.
ON WEEKLY SPINNING TOP HAS FORMED , on daily long legged dojis have been engulfed by the red , bear in mind end of the week slows momentum , but is it a coincidence that is it right at a strong resistance level , ALWAYS LOOK LEFT , LOOK LEFT!!! if price was to break below my support line at the opening of the markets and sustained a downward motion by tuesday or...
Highly respected resistance level has been obey this position is now live i have sold now and i have a buy limit order which is via the graph
Entry - as soon as possible
SL - 1556.51
TP - 1522.75
(slightly early exit to avoid major support level)
Buy limit (for later)
Entry - 1521.80
SL - 1515.5
TP - 1538.2