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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
A huge head and shoulder bottom is formed from 2015-2017. Now oil price moves up and breaks the neckline. It means that if the pattern is not breaked, the oil will have a bullish way to go. A lot of institution expect OPEC meeting in Nov will extend the expiry data of arrangement;Saudi anti-corruption operation;----all of this contributes to oil price action ...
AUD/USD now form a bearlish head and shoulder after a bullish crab reached its target.( you can see the link below) AUD/USD is going to decline.!
Now I thought the whole picture of the market is clear:DXY or USD rise, EUR or AUD falls. - there is a bullish head and shoulders bottom pattern ( you can see the link below) in Dollar. Meanwhile,there are a bearish ...
From AUD/USD -4H chart, we can see two bullish crabs are completed, both of these pattern have the same potential reverse zone where the 61.8% fibo retracement of 1-2 is. But do not trade now! pat attention to the candlelist pattern and the price action. Wait for it!
Look at the chart, Now a head and shoulder bottom is just formed last night! But a bearllish butterfly is going to formed (1.618xa and 2.24-2.618bc).
It might mean that price is going to pull back toward neckline, test it and will rise again!
If the butterfly is formed, short it and targit at the neckline
If the price is down before the pattern, long it around ...
NZD/USD meets the strong support and resisitance zone and the bullish bat is formed with 0.886XA and 1.618BC as the PRZ zone. 0.6930 is a important KEY level from 2015-2017.
The RSI reach 30, you can see from that chart that each time it reachs 30, the price usually move up!
Put the stop loss around 0.6900 and targit at 0.7150
You can see two head&shoulder in the chart. For the frist pattern, it's the beginning bearlish trend of USDDOLLAR.Now, the price is out of the decline channnel,it means that the decline trend has already change ! And the MACD is above the 0 zone.If the head&shoulder bottom is formed ( it has not been formed yet!), the trend of USD will competely change! 12043 ...
Now we can observe a potential bearlish bat on the chart. If the price reach 1.6750-1.6800,we can wait for the PRZ to confirm.
If you look the chart , you can see the area of strong resisitance. the price was forced to move down in Sep in this area.
Please be careful about the price action around the PRZ zone. False breakout often happen in pound pair.! The ...
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis.
It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA.
There is also a ...