This week EURGBP has broken below the current year's low.
Bearish pressure is obviously prevailing and looks like the market is going even lower.
our next support can be easily noticed on a weekly t.f:
0.83 - 0.84 is our next demand zone from where we will expect a pullback.
as always, never trade without confirmation and...
We have fulfilled another touch of the bottom trend line on the 4h of the triangle completing the abcd, now we can look for the buy out the triangle as we get FOMC next week.
On worst case we could see a little fakey outside it but we feel very confident of the rise of gold and fall of dollar the next few weeks.
CHFJPY has reached a strong resistance level on 4H/
formation of a double top pattern and rsi divergence leave us a clue that bulls are exhausted.
bets are high that we see a strong bearish reaction from the underlined resistance.
our confirmation will be a bearish violation of minor support on 1H.
Wait and sell the...
we caught very nice profit on gold this week following my trading plan.
yesterday the market has broken and closed above a key structure resistance
and I believe that bulls will push the market even further!
Next target levels are
1492 and 1508
Over 600 pips on 3 positions with this trade. Hope you're all enjoying the money!
Told you the double bottom was coming weeks ago, we gave you the sweet spot and ! Magic.
If you haven't already joined our community this is the kind of thing you have missed out on.
Worth the wait.
Still going on for more.
trade is flying, we told you the double bottom was coming way before it did, we also gave you the spot to get in now you will be swimming in profits.
All our members are benefiting from this trade right now as we await our next move - again our members know what we think.
What do you think is going to going to happen?
Let us know in the comments:
Here we can see usdchf has fell beautifully into our targets.
We have now approached an area of interest, what do you think will happen here?
Do we keep falling? Do we pull back then fall? or do we now change trend back to up?
Let us know what you think in the comments!
Our members know what we think. If you haven't already join our free education group on...
For now, the pair is in complete indecision!
The side of the breakout of the horizontal range will show us further market direction.
I will be focused on a bearish breakout to short the market and catch a pullback!
My target levels will be
So we pay close attention to detail and we have been monitoring gold within the long staggering cycle of following the falling wedge pattern on the higher time frame.
We have had a long move to the downside, where we look to now fulfill the break of the wedge as it has pro longed a 3 wave move corrective.
We are now looking at it coming into confluence with...
USDJPY Remains bullish .
I believe that buyers will go even higher and our first pivot point is 110.0 level.
This level combines a horizontal resistance and a rising trendline .
Look for a reversal formation within the underlined area to short the market.
Target levels are: 109.5 / 109.0
GbpNzd at minor support overall a daily flag type pattern so it is added confluence. There is some lower level of support a bit lower which in my opinion is a bit more important and significant but still not a bad opportunity.
This week AUDUSD has broken below a key structure support level.
The breakout is considered to be confirmed and I expect bearish continuation next week.
Target levels are all in 20 pip range :