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Candlestick analysis

Gold (XAUUSD) - AB=CD PatternGold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low. If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity. An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
FX_IDC:XAUUSDLong
by RaynLim
EURUSD-Weekly Market Analysis-Oct20,Wk4As EURUSD had a checkback on the bearish shark pattern, there are 2 major prices that I am waiting for the shorting opportunity. The first level I'm waiting to short is the previous high at 1.1873, traders might see it as a retest of resistance and head in for the shorting opportunity. Another level that I'm waiting for the shorting opportunity is at 1.1893, which is along the upper trendline that was formed by the parallel channel, the one rule for me to engage the shorting opportunity is that it shouldn't break and close above the channel.
Short
by RaynLim
U.S. Dollar UpdateI don't have much to say, but I will state that I feel something is soon to happen with the greenback. I personally feel like the bears are going to enter the market but it may take some fundamentals to expedite the process... I'm just spit-balling my thoughts. You have to remain flexible so it'll be wise to plan for two scenarios in the event your initial analysis doesn't play out the way you see it. I would be more bullish after price action work it's way on the other side of that diagonal resistance, and I would look for a strong push down from the $93.005 level IF the bears stay in charge. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
TVC:DXY
by ChrisJTradesFX
British Pound/US Dollar UpdateThis is my view on the British Pound/US Dollar from a weekly perspective. I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up. Confluence (3 or more): 1. GBP had bottomed out, but multiple touches dating back to October '16 on the $1.2132 level have been respected. 2. P.A. has formed the 'W' formation near the $1.2132 level from the weekly. 3. 1st touch of the zone ($1.2462-$1.2669) underneath current price was respected. Precursor. 4. Multiple touches have taken place with the O.B. ($1.3486-$1.3617) that's holding up price. Absorption. What would you like to see happen now? I would love to witness more bearish momentum UNTIL P.A. reaches the $1.2462-$1.2669 area to then see if the flow of price reverse. Let's say it did go down, but didn't "respect" it... then what? I would wait for a B.A.R. of that very level in order to short it to the next barrier. Okay, what if price never reach that level below? That's when I would wait for a B.A.R of the $1.3046-$1.3082 area to long it to the next barrier. I would anticipate price to go deeper into the zone below IF it happens to revisit, and there's some nice *profit margin* heading to the upside once that upper O.B. is absorbed. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX