Hi traders, The main trend for this pair is uptrend. Rising trendline is very evident. Price just broke a triangle pattern from the lower side. There are high chances that due to the breakout, price may continue further downwards towards the trendline. What are your views? Hit the like if you agree to show support.
Hey traders... I see a good sell opportunity in GOLD. Wait and sell if a breakout happens to the triangle from the lower side.
We appear to have put in a inverse head and shoulders pattern indicating that we might bounce of this support region again and make another bounce off to 10150~ This is what it might look like, we might finally breakdown and enter the outer triangle, there is a possibility we break out of that aswell
Talking fractals here, this triangle break could be the catalyst for a much bigger break
Bitcoin´s "Symmetrical Triangle", together with the current trend it has a slightly better chance to break upwards. This is not a forecast as usual. Everything you need to know is explained in the chart. Remember there is always a chance pattern will not work out. Note: This is a log chart, targets are measured with $ not...
NYSE:FCF is breaking out from triangle and is may run up to 15$ target. In addition, potential inverted H&S may be in play later on targeting 17-18 region Stop @ 12.88 Target @ 15
NYSE:TREX is breaking out from both tirangle and smaller flag and is likely to attempt run until 90 level, where previous top is located. Target is based on triangle and wave (A=c) symmetry. Stop: 67.67 Target: ~90
As we can see, the good ol' Dollar is THRASHING the yellow metal (GOLD). But as our analysis indicates to us, the Greenback's reign won't last for long as we can see that it is currently approaching the pennant/triangle support line/zone. With that being said, I believe that once the price tests our support line, we can expect a strong bullish movement and...
The pair tested 1.1400 level yesterday but ended up plummeting to 1.1305, as political turmoil in Europe alongside with a fading momentum in Wall Street benefited the greenback in the American afternoon. The market was in a much better mood with European indexes closing with solid gains amid some relief headlines related to the US-China trade war. Ongoing Brexit...