Hello,Traders!
USD-CHF is trading in a
Downtrend and the pair broke
Out of the bearish triangle
Thus reinforcing our bearish bias
And I think that after some
Consolidation we will see
A further move down
Towards the 0.897 level
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Always looking for a pattern, mainly to define risk and to anticipate a Take Profit Target.
If you got stuck in a short due to a breakout and then we see a deep retrace. We could be looking for the classic AB=CD pattern.
I always trade a RRR of 1:2 , so this AB=CD would not meet my TP target.
So similarly, AUDJPY has the similar sell price action like CADJPY.
Its important to understand currency correlation, and why we need to choose the best 1 or 2 pairs of the same currency to enter.
IF JPY is going to get stronger, then likely all the JPY will move. But if we are wrong on our analysis, all the JPY could reverse.
So its in our best interest to...
Hello traders:
CADJPY is looking very nice for some short term bearish continuation sell.
We can see on the mid time frame, price has created a double tops, with a bearish reversal ascending channel correction.
Indeed price has impulse down from the correction, and now on the lower time frame, is consolidating.
This is a good sign we can see more downside...
Hello everyone:
Most of the time I only focus on technical side of things, but this time I will go over both the fundamental and technical of Silver for the long term.
Silver was only trading around 8-9$ around the 2008 market crashed, and peaked at 50$ in 2011.
IT had slowly but surely dropped down to the lows again around 13$ in end of 2015.
Understand...
Hello everyone:
Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside.
After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal.
At the of the week, some bearish price action has begun on the lower time frame.
Be interesting to see...
Hello traders:
GBPUSD is currently at the top of its higher time frame correction.
What's interesting is price is showing signs of bearish price action at the top, with bearish reversal development.
This week be on the look out for, bearish impulse phase on the lower time frame to kick off the reversal momentum, a
and wait for continuation correction to confirm...
Hello, sorry I wont be making the live stream this week, but I will quickly go over what I see for the week ahead.
At the end I also address some of the questions, inquiries I receive during these few weeks.
Thank you
We can see a bullish triangle pattern on gold, the price can go above $2000 if it breaks the resistance level that I marked on the chart, we will wait for the next week.
And what is your opinion? Will gold break through 2000 or will it still fall?
What we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
What we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of...
for XAUUSD
If it stays above the 1983 channel top and the resistance level, it will go up to the 1993 level.
If it continues to remain under 1983
Down to 1973 and 1965 levels
Recently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down.
However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal...
