- 4HR rising wedge waiting for a breakout for possible short - Price is also touching trendline - 2 weeks high above 0.99000, support level break of 0.99000 + break of rising wedge pattern will give enough confirmation for a sell - RSI oversold area on 4hr - Last previous sessions were a buy - Looking for a DXY pullback from 98.000 area - XAUUSD breakthrough of 1420
4hr Trendline pullback + monthly trendline pullback 1460 area multi year tops DXY retest from 97.50 support area + 4hr trendline RSI approaching oversold area 4hr Inverse heads and shoulders pattern Elliot wave point D However 2nd scenario - if price breaks the structure and the 1460 level we could see gold going long
- 9 previous sessions were a sell - 4hr M formation pattern point D - 4hr trendline Elliot wave approached channel Elliot wave point D - RSI oversold area - DXY pullback from 98.00
- DXY pullback from 98.00 area - Previous 2 sessions were bearish - 1.1100 historical line of 2019 year low - M formation on the daily time frame Bullish Gartley pattern - 4hr, Daily Trendline, price should possibly continue to obey the trendlines + support level for a retest
- Despite GBP being weak after the recent resignations of Iain Duncan smith, waiting for a possible pull back - RSI being oversold area + Bullish divergence 4hr being a heads and shoulders in which there should be a pullback, + New York session should reverse and push the market towards a bullish momentum
- Consolidation period should break for an impulsive move, an retest from support level 0.98000 - 4hr trendline price should continue to obey the trend line in which point D is approaching via Elliot wave + Weekly trend line is overall a uptrend. - New York session should give an bullish reversal + DXY has seen strong - Overall USDCHF remains neutral + US, China...
- EURUSD Ranging market price obey the support and resistance levels and retest for a buy
- Waiting for retest at the resistance level of 0.6800 - Weekly trendline intersected but price should retrace back towards the downtrend
- Retest from key support level - previous sessions were mostly bearish, Tokyo + Sydney should give enough momentum for the market to push up - RSI Bullish divergence + No news affecting EUR - Ranging market price should obey within the two key S/R - 4hr trendline downwards + but Daily is a clear uptrend
- 108.000 price has shown strong rejection from key S/R area - RSI bearish divergence - FIB 61.8%
- 4 SESSIONS HAS BEEN A BUY - DXY PULLBACK FROM 97.50 AREA - RSI OVERSOLD AREA - USOIL BREAKTHROUGH OF 56.30 - 4HR TRENDLINE INTERSECTED AND PRICE BULLS START TO LOSE MOMENTUM