Gold reached and nice resistance and is about to dip down to create a nice ''M'' formation. Three take profit on the rights. As you can see I will be bearish for the remaining of the year if the trends and my analysis are respected.
Since quite some time AUDUSD haas been in a bearish pattern and now we can see a double top and a strong resistance. I would short and wait till we reach resistance
It has been a long time since we saw this pair in a bullish trend but we can see that the pair might be wanting to go up for a long time. As I analyzed, I think it might retest the market for the continuation of the bearish movement but it will go back up to create a strong bullish pattern.
I will be holding a long position for the week and see where it will be...
If we go back 6 month and follow the patern we can see that the pair is at the support level of the chanel. Simply, if this goes the way I hope AUDNZD will bounce back up to the resistance.
I would buy at 1.04484 and close the position at 1.06666 just below the strong resistance.
The pair is clearly in a Bullish trend in the long run but just tested a support level. This week, it might go back down to test the support of the neutral chanel and go back up but, one thing I expect is that it will go back up to the same hights and it might go back up to some higher highs.
This is not certainty but only what im going to do this week.
Since the beginning of the month of December USDJPY was at a high price then it drop to a strong support level and retested the resistance level. Today the pair is in a trend chanel and I expect it to maybe retest the resistance and go back down to the chanel support and if the bears are strong enough it could go back down to where it tested in the beginning of...
After dropping last week, I expect EURUSD to follow the upward trend it has been following for some time now. We can see that the pair is at what seems a strong resistance which could be a good entry point if it goes back up. I would go long at 1.10753 and go for 1.11753
Trade safe this is not a certainty but what im going to do throughout the week.
