1hrchart
EURUSD: Late tradeEvening All,
its been some time, but I'm glad to be back the trade we can see was one I caught later on, I'm assuming some may have got in a lot earlier.
so for me Price came into an area of strong interest as well, as highs we haven't seen since around 2018, I'm seeing some overall bullish Euro, with a short term sell off to come in the future.
XAUUSD, 1HUPWARD TREND
FOR THE MOMENT, AN INCREASE IS EXPECTED IN THE FOLLOWING HOURS, WHICH ACCORDING TO THE ANALYSIS WILL LAST ONE DAY AND 3 HOURS, AFTER THAT WE WILL HAVE TO WAIT FOR A CORRECTION AND OBSERVE IF THE ROOF ROOF TREND LINE MARKED IN THE CIRCLE IS BREAKED , IF THE ROOF TREND LINE IS EXCEEDED, THEN IT IS VERY SAFE TO KEEP BUYING UP.
GBPJPY ready to drop again?????????Following on from the previous impulse move tot he downside where GBPJPY extended to the -0.272 Fibonacci level, we are now seeing a retracement. Watching the 0.5 Level of the latest impulsive move down, along with the red parallel channel formed from the April 30th highs. Will wait for confirmation on 1 hour timeframe before entering.
Price has already moved well past the daily ATR range. Speculators have added to their long positions on the Yen by a considerable margin whilst the Pound remains relatively flat.
If you have any ideas supporting or on the contrary to my opinion please leave a comment.
Thank you and happy trading :)
Disclaimer: This is not financial advice.
btcusd appears to be breaking up from 1hr inv head & shouldersif it confirms the initial target is 9374...which coudl be enough to trigger a breakout from the entire 1 day chart bull pennant which would then have a breakout target of 10.5k No full confirmation yet but probability is definitely favoring the breakout of at least the 1hr chart pattern
XRPUSD appears to be breaking up from 1hr chart inv h&salways wise to wait for bullish volume confirmation here but we can see the current 1hr candle retested the enckline and confirmed it as support...current resistance is the pink line directly above it if we can rise above that the inverse head and shoulders pattern will surely get validated. Initial target = 0.196 cents however should we reach that target odds are good that we will also trigger a breakout from the pink ascending triangle pattern on the 1 day chart which will inevffitably lead to more upside.
USDJPY 1h chart...possible reversalUsdJpy has made a strong push up and is now losing momentum. It has failed to make a higher high and I strongly fell will reverse soon, it might go for another retest but I highly doubt it. (stay updated on the coronavirus and the cure that is being made in the US )