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First scenario is that price has been stuck in-between the 146.379 and 145.868 area for the past day and we could possibly see price head back up towards the upper resistance at 146.438 where the green rectangle is placed. The trendline has been respected multiple times for a bullish confirmation
Second scenario is that price could break through the trendline and ...
First of all , The trendline could be used as a dynamic resistance and price could bouce off of it and head towards the 1251.82 Area or Or price could push up towards the resistance at 1259.84 and pullback towards the trendline and head towards the 1264.33 Rectangle area where there is a minor reversal area
NZDUSD has been making Lower Lows and Lower Highs for the past few days, Price has recently hit the monthly resistance at the price of 0.73000 and a chart & candlestick reversal pattern has been show!
GBPAUD Harmonic Bat Pattern Idea!
EURUSD has reached a major resistance level at 1.24382 price level. it had consolidated for almost 2 days showing countless rejections when price tried to go bullish then price had dropped down to the 1.23313 support price level. Price had started to go bearish however it went back up for a retest , I'm hoping that price would go down towards the 1.22284 Support ...
XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!
I wouldn't place a trade on XAUUSD at this ...
USDCAD Shows a Bearish Trend throughtout the Weekly timeframe , Could either push towards the Trendline or towards the 1.22435 Support Area
Broke down a the Parallel Channel Tool , These are the main features that you might need to know when using the tool!
A Harmonic Bat Pattern has formed , Should be heading Bearish towards the Bottom Support Zone!
Markets just bounced off the support level now going bullish towards the resistance level , Should be a Strong BUY
EURUSD has finally hit the resistance and there's a clear sign of a reversal , it should retest to the Pink Horizontal line
( 1.19512 Key Level) and hopefully drop straight down!
First of all , I've mapped out the support and resistance's and there is a clear bearish movement, its reached one of the support at the
151.835 key level , we should be seeing a retest pushing back towards the resistance and we should hopefully see it drop down to the 151.183 key level! FX:GBPJPY
There is a clear support and resistance identified - XAUUSD has been going bearish for the past couple of months and it should reach the middle Support , after it reaching the support we should be seeing a retest at the 1230.00 key level and hopefully pull back down to the support 1130.28 key level
Analysis for EURUSD - Using Support and Resistance, There was a clear bearish movement from the Top Resistance all the way down to the Middle Support, the Pair just reached the 1.17780 and we're expecting a retest and hopefully it'll reach the bottom support 1.17301