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XAUUSD- 2 SCENARIOSOANDA:XAUUSD Hello guys ! For a month the gold market has been in range! From this point of view the price aims, the resistance of the range. It is also important to underline the formation of a symmetrical triangle which of which the break can be a strong upward movement. However if the movement is not strong enough to break the range up we will see a downward movement to seek support for the range! INDICATIONS: The key zone is 1737.018, If there is a breakout we will go back to buy but if there is a rebound we will sell DON'T FORGET TO LIKE ME IF MY IDEA HAS BEEN USEFUL! DON'T HESITATE TO SUBSCRIBE TO MY PROFILE! THANKS AND GOOD LUCK!
OANDA:XAUUSD
by ANSELMEEUSEB
1
USD/CAD triangleHello everyone, I spotted a descending triangle on the daily chart of this pair, which is usually followed by a move down after the breakout. As you can see, the neckline of this triangle is around 1.385-6. A breakout of this level might take us to a projected 500 pip move down as per the measurement strategy, to levels near 1.335-1.345 which happen to be the daily gap back in March, and usually gaps tend to get filled. This move might be supported by crude oil prices which are now stuck in a rectangle formation (gonna post about that later on) and looks light a breakout to the upside is about to occur. I don't advice any trade at the current level because prices are still mid levels in the triangle. Good luck
by RamziAbouAbdallah-CMT
AUDCAD What to Look Out For Going After the WeekendThe price is oscillating here between a zone of support and a zone of resistance. Going into the weekend these are the most important areas to look out for. We can see that the price bound off the 0.5 fib level just now with a really strong green candle. In general there seems to be an upward move happening on AUDCAD with a small slowdown in the last few days. I will give a bullish advice here, and expect that after a small retracement the price will break through the resistance. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
WOW, look how perfect that is TLRY cup & handle reversalTLRY up because it is a cup & handle pattern and it just looks so perfect. It matches the .618 retrace and it is amazing how it looks to fit so perfectly. We closed literally at the fib. Wow! This matches the fib level of the cup & handle, handle I linked. You can see how we are in a channel and that we are going to target 1 around 11.23, which would be around the 300 sma on the chart. You can also see how the dotted line perfectly lies within all of this (target 1) and then target 2 as I learned is the length of the depth of the cup and still within the channel. I drew three grey lines that are just relative resistances from the overall bearish trend. It is amazing how the second target matches the yellow follow through that is a copy of the prior days move. Great news just came about providing 40b in liquidity to cannibis sector in Canada! Also, it is so amazing how it looks how it is going to breakout and have a nice retrace to test the prior huge bearish channel.
NASDAQ:TLRYLong
by ChargingBull
2