Mcdowell at multple support levels. if it holds 550 levels, it is most likely to bounvce back towards 600 levels
EURUSD is trading in a falling wedge pattern in a bigger trend, within the falling wedge, it is also trading in channel pattern. We might see more downside in EURUSD from the current level. As we can see, the falling wedge resistance line and parallel channel resistance line overlap each other, so there is strong resistance for upside in EURUSD. We might see...
Structure: downtrend Price breaks trendline to confirm continuing down Expect: targets are in the image
USDCAD was trading in falling wedge pattern for a very long time now it has broke-out from that pattern on the upside, so might see a new trend in USDCAD. We can see consolidation or small price correction for a shorter time and then a new long trend. One can initiate the trade after small price correction towards the falling wedge resistance line. If You Like...
Here is my 2nd setup of the week on the NZD Futur after a big success from the 1st. Cup patern with handle + buying trendline. A purchase is very likely from 0.6100 to 0.6250. If the price comes down below 0.6050, you will have to be careful for a breath. Like, comment and subscribe! ;)
Behind thencial I broke down how we see the market.
Price is made an Double Top at the key level which is aligning with 50% Fibo retracement level and also break out of the trendline !
Waiting for trend line touch, after touch short
DOUBLE TOP FORMED TREND LINE BROKEN BULLISH HARAMI FORMED, WE COULD LOOK FOR BULLISH MOMENTUM UP TO THE 38>20% MARK ON FIB WAIT FOR THE CURRENT MARKET TO RE TEST SUPPORT LEVEL TAKE TRADE IF TREND HAS SHOWN A REJECTION OFF SUPPORT LEVEL PUT TP AT -27 LEVEL ON FIB
With the massive drop of gold on Thurs/Friday, I expect to se some consolidation and re-balance before it's next move. Potential for a correctional flag before finding the trend line to continue making it's way down. Alternative move marked out in white lines PATIENCE - CONFIRMATIONS - ENTRY - PROFIT
Looking for price to move aggressively higher. NOTE: If it doesn't, and just moves correctively higher, then will be expecting move lower instead and as a result not holding onto any longs. If you'd like to be in the loop on even more stellar setups just like this one including how our free community took advantage of a *1,700+ PIP MOVE* that was posted in...