the dollar went down due to the shock of energy price and it help Aussie goes higher. my analysis shows 0.76480 key resistance might end the AUDUSD bullish trend and also complete the ascending broadening wedge pattern for this pair, personally, I will wait for the price rejection occurs at the key resistance level before placing any sell order. good luck...
See the picture for analysis: -Price was in a downward channel creating lower lows/ lower highs. -Price has now broken out of the downward channel and now creating higher highs/ higher lows. 2 options here; 1) wait for the price to enter the demand zones and enter on the confirmation trades. 2) buy the demand straight up.
At the moment, this symbol seems to be in a good position for a buy position. what do you think?
USOIL - Looking for price to take out the liquidity its currently building by wicking into the low before rising to fill imbalances and the gap above. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy...
Hi everyone. You see the gold symbol in the 1 hour time frame. I think this path is predictable for that
Price has potential for the upside upon the retest of the demand zone.Wait for lower timeframe bullish price action to confirm the move.
THESIS MARKET NASDAQ in a confirmed uptrend, price above a rising 30W MA. 5 and 10 day breadth ratios above 1 suggesting demand in control. 12 week breadth ratio 0.78 but improving suggesting market in transition. $VXN below 30. STOCK BULLISH STRUCTURE Price above a rising 30W MA. RS above the zero line, trending up and near ATHs. Price moved 43% before...