WE CAN SEE THE BEGINNING OF A TEXTBOOK ABC DOWNTREND MOVE AFTER THE TEST FROM THE SPRING.
We had a barish impulsive move away from the monthly TL Price then entered a correction period before breaking out to the downside We then whitnessed another short correction period before another break and a bearish push to the underside of the 1h 200ema This trade looks really good, but this is forex and anything can happen.
Gold looks like on bull momentum, but if we see the deeper the price could be on it's way to form AB=CD bearish pattern. Furthermore, there's a supply zone at 1955 - 1972 that hasn't been tested before. If AB=CD confirm, price will fall with the same length as the CD rally. If we expect it will fall at 1.618 Fibonacci, price might retest 1920 again in the...
Letting price play out ^Block to block ^Once in these zones ^Prep down ^Execute the concept
Daily chart. We have seen a big impulse to the upside this week. The last three days there has been a visible loss of momentum as those wicks never lie. I would wait to see how price will react and then look for the 2 possible scenarios around the pink level. If price break the blue zone the analysis becomes invalid. Trade safely and manage your risk!
my trade idea based on supply and demand comment my post if your other idea to compile with my idea i love to hear it out to broaden my knowlegde,tq
BITCOIN already breakout key level @ 7400 retest occurred for key level and bearish wave running price forming bullish H&S below key level , it means price decline will stop @ 6784.00 (plz keep looking carefully for this point ) to form right shoulder the move up to break past key level and running to HVN If price continue bearish wave and breakout last...
TIMING IS VERY IMPORTANT AND PLS DO YOUR ANALYSIS
The EURUSD is looking bullish, We have reached sell targets, looking for buyers this week to push up. Targets 1.1120 & 1.1180. Good luck
possible quick short due to supply being formed additional reason downward momentum
EUR / AUD - Technically, the pair has broken its bullish trendline. The price failed to hold the breakout of a critical resistance on the red line. We expect the pair to be bearish and move to the green support levels - Support becomes resistance - RSI divergence - Broken bullish trendline I love such entries because risk-reward is good. GOOD LUCK and take...