Evidence: 1. Price is in a range. 2. This level has been tested several times and is failing to break below 3. There isn't much bearish momentum to push price further down. 4. Stochastic is over bought 5. Tap of the 61.8%
Bears are losing momentum. Potential reversal.
THERE WAS A BIT OF CONFUSION LAST WEEK REGARDING THE DIRECTIONAL BIAS OF THE DOLLAR, ON WHETHER IT WOULD CONTINUE DOWN OR JUST JUST SPIKE BUT SINCE THAT GOT CLEARED, I'M EXPECTING THE DOLLAR TO REVERSE TO THE UPSIDE AND ALL THE DOLLAR PAIRS TO GO OPPOSITE. RIGHT NOW AUDUSD IS SHOWING A LOT OF BULLISH SENTIMENT AS WE CAN SEE A BREAK OF THE TREND LINE AND A RETEST...
1) UC is currently in a bearish channel, inside a bearish a channel.🤔 2) Heads & shoulders pattern formed 3) The right shoulder rejected the 61.80% fib (which is also a higher high) 4) Its rejecting to break the bullish trend line. 4 Simple, Clear & Concrete Confluences to enter a buy. 🤷♂️🔥 So why not? Im back guys !! 🙋♂️. After a...
PRICE MADE A DOUBLE BOTTOM ON A DAILY TIMEFRAME MAKING THIS A MAJOR SUPPORT LEVEL. PRICE GOT TO THIS LEVEL ANDD SHOT STRAIGHT UP. SINCE WE'RE IN A BULLISH TREND I'M WAITING FOR IT TO FINISH RETRACING THEN I'LL ENTER FOR A BUY.
THROUGH OUT THIS WHOLE DAY GA HAS BEEEN BULLISH AND IT SEEMS AS IF ITS STILL PICKING UP MOMENTUM BY THE MINUTE!! IVE BEEN RIDING THIS TREND SINCE THE MORNING. I ENTERED @ 1.82398
A 'W' FORMATION HAS JUST FORMED ON THE 4HR TIMEFRAME. MIND YOU THIS MEANS THE TWICE TOUCHED LOW IS A SUPPORT LEVEL. THATS WHY I DECIDED TO TAKE A LONG TRADE. ADDING ON TO MY ANALYSIS MY EMAS HAVE CROSSED MEANING THAT WE CAN EXPECT PRICE TO STARTING SHOOTING UP
BULLS ARE IN CONTROL. WE CAN SEE BY THIS LAST CANDLESTICK THAT THERES STRONG BULLISH MOMENTUM AN INDICATION OF PURE LIQUDITY. WITH THIS TRADE I HONESTLY DON'T EVEN KNOW WHERE TO PLACE MY TAKE PROFIT BECAUSE I FEEL LIKE IT WILL BREAK THE LAST HIGH AND FORM A NEW HIGH.
AIN'T IT OBVIOUS?! GOLD IS DROPPING!!! I'M EXPECTING A FURTHER MOVE TO THE DOWNSIDE AS PRICE RETRACES.
PRICE REVERSED OFF OF A MAJOR LEVEL AND THERES A CLEAR INDICATION THAT WE'RE IN A BEARISH TREND. PRICE JUST WENT UP TO RETEST THE MAJOR LEVEL AND NOW ITS STARTING TO GO DOWN AGAIN. I'VE DECIDED TO PUT MY STOP LOSS ABOVE THE PREVIOUS HIGH WHERE PRICE MADE A DOUBLE TOP. FOR MY TAKE PROFIT SINCE I TRADE LEVEL TO LEVEL, I DECIDED TO PLACE IT @ 10404.04
- BULLS ARE IN CONTROL!!! BUYERS ARE PUMPING LIQUDITY RIGHT NOW. I'M EXPECTING SOME WEAKNESS @ AROUND ABOUT 107.500 BUT WITH THIS KIND OF MOMENTUM, I THINK IT'LL BREAK THAT LEVEL AND HEAD UP EVEN FURTHER
- AU IS IN A BEARISH MARKET AS PRICE DROPS AFTER A RETRACEMENT, THUS FORMING A LOWER LOW WHICH INDICATES THAT THERES MOMENTUM TO THE DOWNSIDE. ASIDE FROM MARKET STRUCTURE, MY EMAs HAVE CROSSED ON THE 2HR TIMEFRAME AND I'M CURRENTLY WAITING FOR THEM TO CROSS ON THE 4H. I THINK IT MIGHT GO DOWN TO 0.70230 AS IT IS A LEVEL THAT HAS BEEN RESPECTED BY THE MARKET ON...