Gold is currently retesting a major daily support cluster-based on 2020/2021 price action.
It looks like the market is preparing for a trend reversal and initiation of a strong bullish impulse.
To catch that, wait for a daily breakout of the underlined structure (we need daily candle close above).
Then the broken...
here are the main key levels to pay attention to/to trade from next week on EURUSD .
All underlined key levels are based on daily price action.
Look for confirmation and trade from them safely.
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here is a great long signal for those who will trade the market opening.
During Friday's US session the price broke above a resistance line of an expanding wedge pattern.
We see a positive bullish reaction on its retest & chances are high to see a bullish continuation.
Target - 1.1835
Stop - 1.1757
Gold in currently trading in a sideways.
The market is consolidating within a wide horizontal trading range for quite a while.
Yesterday its support was reached.
A strong bullish engulfing candle confirms the strength of the underlined structure.
At the beginning of the next week I expect an intraday bullish leg to the...
EURUSD a strong zone of confluence on Friday.
That zone is based on a local 4h horizontal structure support ,
falling trend line and 618 retracement of the last bullish impulse.
After a market opening, look for a confirmation to buy.
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Technically speaking, gold still remains bearish while it is trading within this major falling channel .
Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that.
For shorting wait for a bearish breakout of a small rising wedge pattern.
It will be...
GOLD is currently trading within a major falling channel .
The price has recently reached its support, and now most likely the next goal for buyers is the channel's resistance.
Pay close attention to that and look for shorting trend following opportunities from there.
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EURUSD is ahead of a strong daily/4h resistance cluster.
We already saw a positive bearish reaction from that this week
and it looks like the market is preparing for one more test of that.
To short the market wisely,
wait for a bearish breakout of a support line of a bullish flag pattern on 4H.
It will be a...
Gold is approaching a major daily structure.
1688 - 1660 cluster was perfectly respected by the market in 2020 and we see a strong bearish / bullish reaction from that.
Because the market is relatively oversold at the moment,
chances will be high to see a pullback from that structure.
Wait for the intraday confirmation...
Friday's structure breakout is a very important bearish clue.
I am very bearish biased on EURUSD at the moment and look for shorting opportunities.
Next week consider two areas:
Resistance around 1.196 based on the previous low
Resistance around 1.202 based on a local daily structure
I will look for a retest of these...
Yesterday after a nice accumulation,
bears successfully broke below daily horizontal support.
It is a very important bearish signal and it makes us bearish bias.
For intraday trading, consider a falling parallel channel .
Broken horizontal level and its trend line form a local resistance area from where I would...
Market maker this time outsmarted buyers who bought the breakout of a daily resistance
and sellers who shorted from that.
For now, for next week the outlook is still bullish though.
With the sequence of higher highs and higher lows, with our classic price action rules the market is still bullish .
From 1.203 horizontal...
Gold is trading on a strong daily support.
Harmonic ABCD was formed.
The price formed a nice dodji candle after a pattern completion.
Based on that I expect to see a bullish move next week.
EURUSD is currently trading within a wide horizontal range.
1.218 is its resistance.
1.196 is its support
To catch a bullish trend continuation, I recommend you to wait for a bullish breakout of the resistance first.
Only then bullish continuation will most likely follow.
While the price remains within the range, for us...
I really like how EURUSD reacted to this falling trend line on 4H.
With such a strong bullish engulfing candle, chances are high that we will see a bullish continuation on Monday.
Next goal for buyers is 1.218 (current local high)
Gold is still trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
Based on a current price action I see two potential scenarios:
1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating
2 - The price may...
Gold is currently trading within a wide horizontal trading range on a daily.
1765 is its low and 1965 is its high.
On Friday the price almost reached the support of the range.
Depending on the reaction of the market to that here are two potential scenarios:
1 - The price may respect the support and continue trading...
After a strong bullish movement from 0.885 support, usdchf is retracing.
Next week pay attention to the expanding demand area based on a confluence between a strong horizontal support
and broken falling trend line .
From any point within that area, bullish wave may start next week.
Rely on intraday time frames and look...