EURGPB is still trading in this wedge, I am shorting it to the bottom and then looking for rejection.
Gold has been within a bearish channel since Mar which we are now at the top of so we should expect a bearish move. However we are ranging at the moment we wait for the break out before entering.
I am looking for rejection from this level, however judging by the strength of this bullish candle I see it re-visiting the top of the bearish channel and the next level of resistance. I will be looking to short if from there. I have left on my idea from last week (In yellow), which I didn't post.
Lets see if I can get 3 for 3 on this pair. We are approaching a good point to short from the resistance at 105.150 which is around the 0.382 on the fib. I will take this down to 101.70 which the good support were I expect it to retrace to gap fill back up to resistance before a further move down. SL at 105.950
In support of my chart on the lower TFs. I see a HS pattern forming and see this going to at least the 50% Fib.
AUDUSD is in a bearish trend at the moment on the 4h however we are at a critical point. Personally I see this area of resistance breaking, if not on the attempt then on the next after creating a double bottom. This is supported by what looks like a HS pattern forming on the higher TFs (Chart to follow). Wait for confirmation either way. Trade what you see not...
the latest idea for CADJPY, waiting for it to get to the top before my longer term swing activates
Look like BTC is forming a bull flag on the 1H. Might go down a little further before the break to fill the 50% Fib.
As per my previous idea this has now broken out of the bear flag to continue the bear move to support. This is a 2.5/1 RR.
Just from a technical point of view BTC has gapped filled perfectly and the $20,000 level appears to holding strong. I personally am long with the potential for a double bottom, a break of $19,000 would signal a further bear movement but the crypto market seems to be recovering following the big Luna Terra de- pegging.
This chart is to support my short idea on the Daily. Please see that chart (Linked below) for my comments
EURAUD has broken the longer term trend line and is now consolidating in the form of a Bear Flag. I see it carrying on down to the major support between 1.36 - 1.38. This is supported by the overall bear sentiment of European currencies exacerbated by high fuel priced and unprecedented inflation on the continent. There may be one more push up to resistance so I...
Hi Traders, I see a HS on the 4hour TF and this meets the 50% Fib as confluence. You will also notice price action is trading within a large channel which we have seen a nice rejection.
The see this rejecting between 113-114 to complete the Bearish Gartley. Watch for rejection wait for the price to make a lower high. I have given an example on the chart but you will need to watch the price action and apply this when you seen the key points
This look like a nice set up for the short. I see a good harmonic set up supporting the sell
Following my previous chart on EURUSD I have refined my thinking. We are still looking at a reversal from the lower major support on the higher TF.
The chart says it all, a few possibilities so look for confirmation before entering a trade.
EU looks like it's turning Bullish from the higher TF, The HS would confirm this.