RRahman12

RRahman12

As we can see gold has created a bullish flag and has consolidated over a month. Sellers have tried numerous tines to push gold down but have failed as the bulls have rallied upwards. At The Moment, Price has currently showing selling rejection and many wicks are being created. An Entry now would be a very aggressive entry, ideally wait for the main flag to break...

RRahman12

This analysis is just an overview on whats going on, ik there isn't much analysis but let me break it down for you: 3 Confirmations: 1. Has broken out of a larger trend which held for around 2 days 2. Created a bearish flag (on the 5 min) and now has broken out of it (Entry) 3. Rejected the 0.5 fib on the flag

RRahman12

Clear breakout and now we await the retest. We can see that its done a bullish engulfing candle on the 0.3.. fib so now we expect a slight rise before a much bigger drop. Be aware depending on the gap this analysis can easily be invalidated.

RRahman12

Retest complete on the descending channel and 15m bullish engulfing

RRahman12

Just broken out of a rising pennant SL = Above Previous highs TP = The lows of the pennant R:R = 2

RRahman12

Gold bulls look very exhausted, It failed to engulf the bearish candle and also the RSI looks overbought (3 Confirmations) Entry:1604 SL:1617 TP1:1575 TP2:1545

RRahman12

Time for GBPUSD to go back to where it belongs 3 Confirmations: 1. Hammer Candle (Potential Bullish Engulfing Also) 2. Rejected off a zone which has held for over a Year 3. The RSI is very oversold after receiving heavy bearish pressure

RRahman12

Gold has just broken out of the Wedge, should see some bullish pressure entering the market now.

RRahman12

Gap Should fill very soon

RRahman12

Gold has has massive bearish pressure recently during the NY session, however has now created a higher low on the 15minute timeframe. This occurs to me that Gold will have bullish pressure enter the market and test the previous highs

RRahman12

Technical Analysis Wise DXY looks like a heavy sell coming up, and also due to the coronavirus still affecting so many people i believe that this long term goal is 100% achievable. It's gonna be interesting to see how the other markets react.... ;)

RRahman12

Breaking out of structure and waiting to see price action, then will enter a long

RRahman12

2 Potential outcomes for EURUSD, waiting for more price action to see which way it will go

RRahman12

As we can see the pennant created by previous price action has broken out and has now retested. What to expect now is a drop in the market and aim to TP around 108.600 R:R = 1:5.5 Enjoy :)

RRahman12

I can see a long entry after a touch from the bottom trend line. Just be patient WAIT FOR CONFIRMATION!

RRahman12

Could see Gold drop after this touch. Wait for confirmation and enter the trade on a lower time frame.

RRahman12

After the breakout of the trend line the market has retested a level of structure where we could see a potential reversal

RRahman12

Retest of trend line, Looking for sell entries around here.