Hello Traders, Here you go for the GOLD analyst as gold has been make higher high at 1568, however the price has joined again within the range. I might be wait to see another retest at the zones in order to get the confluences for the confirmation prior to make the decision which the ideas is valid for the FAKE BREAKOUT or not. Bear in Mind the core principles...
AUD/CHF did the fake breakout, divergence spotted and now we want to hit TP on the Fibonacci retracement.
When we look at XAUUSD 15 min chart, we can see 7 different pattern/formations. From beginning in purple; we can see double bottom and than jump up. Right after that in red; descending triangle forms and than decrease in price. After one and a half day, bear flag forms in yellow. When the bear flag completed, pink cup formation happens and price jumps...
Buy AUDUSD until the upper trend line.
Gold look for long,after those fake break low. Price action break the support and no force to push it down and go above the support means this support still work. Buy to the next resistance above.
I will open buy after fake break of key level 1.11822: - Price made strong pullback from this level few weeks ago. - We can use small stop loss.
Priority: Long Reasons for open position: - Uptrend - I see a several buy zone on the chart, but they are very risky - S/L below level If you like Idea, please push like and subscribe, it motivates me to post ideas more often.
After the release of U.S. CPI last night, the gold price eventually shot up and break above the top of a range at first. Very soon, we see the price pulled back sharply as the dollar climbed again. This is an obvious trap to lure buyers who go for the break-out. So what's next? Will the buyers just leave because the price came back into the range? What's gonna...
For the past 8 day candles, the price closed with higher lows. But alas! the ninth candle which we are seeing right now breaks out from the streaks. Now, I wanna avoid the complicated stuff and just dive into 2 simple decisions: 1) The price is breaking below the range, the dollar is still climbing and so is the US stocks market. Imma gonna wait for a clean break,...
Twain observed in Pudd'nhead Wilson; "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." How about a December crash? If this model plays out Santa will by cryin'. Notice rejection this week at TL. Downtrend continues....
JW if this 3-day rally is another fakeout, has earmarks of a bear flag rally, very hard to call a bottom yet, consolidating, fluctuating. Trading at area where price has provoked bear reaction, the EW model suggests we might expect retest of lows, and possibly a lower low. Filling the gap down from 249 was expected, top of the gap = pivot & resistance; breakout...
Zcash está envuelta en una cuña descendente masiva que parecía haber roto con la formación de un triángulo descendente de 3 meses de duración. Esto confundió muchísimo, clásico de los falsos rompimientos. Se dice que un falso rompimiento es el doble de potente que en fuerza contraria al movimiento falso, por lo que se espera que la tendencia bajista continúe...
Today's 400pt lift in Dow was unconfirmed by volume which declined as price rose. VOLUME DIVERGENCE violates basic Dow Theory: The session volume in each day's trading reveals nearly all the session volume was traded before the thin air lift at the end of day. A move against trend must be confirmed by increasing volume to be a true trend change, else it is...
Doubled fake break out at trend/channel line + hammer candlestick pattern as confirmation.