Moonbathe_uk

Moonbathe_uk

If the daily candle closes above the dashed red line check the black line and upper red line to take profits.

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As long as it stays above the dotted line price shall test the upper line of the channel. If the price goes below the dotted line black line is the support level .

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Note to Self: On weekly chart Price is at the support(dashed line). If it manages to stay above the support follow the possible MT and LT TP points.

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Note to Self!! If the price manages to stay above the red channel LT price target is the upper green line.

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Note to Self!! If the price stays below the dotted line it may retrace back to EMA 100 which is a good place to enter a long position.

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Note to Self: If the price manages to break above the blue line and stay above the line there is a huge potential in long term. (Follow up for news regarding a bonus issue.)

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Note to Self? Follow the blue channel for MT and the Green Channel for LT.

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In order talk about a recovery, price needs to break above the daily (green) descending channel.

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Note to Self !: Price has broken above the weekly desending trend line(red line). Blue and green lines are the resistance levels (take profit levels) as long as the price stays above the red line. Long term MT price target is USD 0.60 . If th it fails to stay above the red line price may retrace towards the dotted line.

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Long Term

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Blue Channel : LT Purple Channel : MT Green Channel: ST

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Note to Self! (Is it going to pull out the same pattern for the 4th time?)

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I am expecting the price bounce from the blue line.

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Can be traded between resistance and support levels.

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A different point of view to XAU USD pair.

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It is self explanatory . Green line is the support coming from 2016. You would not want the price break below the black line :)

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Note to Self! As long as the price does not go below the purple line there is a chance for a new local uptrend. Follow closely!

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Choose your path short(red) or long (blue) :)