Details are given above there and follow 1 and 2 resistance because all other is my past analysis which i like to keep on my chart as well.
Everything is clearly mentioned in chart, Be patient and wait for signals. if you have any question don't heisted to ask.
EURAUD is testing our first support at 1.5746 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) which coincides with our short term ascending line. A strong bounce might occur above this level pushing price up to our major resistance at 1.5961 (horizontal overlap resistance, 76.4% Fibonacci retracement). Stochastic (34,5,3) is...
GOLD GOING LONG! I've been covering loads of commodities and as I was looking at gold, I thought to myself rather than just being selfish and taking the trade. I might as well share this trade with you guys in real time! I anticipate gold prices to appreciate to around the 1352.00 Region very soon guys! As prices are increasing in value I would have a strong...
PRICES ARE FINALLY BEING DECISIVE! I see prices travelling all the way down to the downside target of 7000.0/6600.0. Let's Wait And See! TP: 7000.0/6600.0
Velocity of money has significantly declined over the past 5 years. This puts downward pressure on the economy and Aggregate Demand should be negatively impacted.
RSI is oversold in 1H and 4H frame. We should wait for a breakout to open a long position till the resistance level drawed(61,8 fibonacci aprox).
GBPUSD has formed a bat pattern on the 15min timeframe. I see the bat pattern traded many different ways. Some like that priceaction at the C leg can't close above the .886 retracement of A-B move. Some think that as long B-C is under A, then the pattern is valid. Some only trade batpatterns in stocks, some only in forex. There is no 100% right way to trade it....
I am eyeing the 0.75 price for a short opportunity. This is because: Price has respected this level in the past An AB=CD pattern is on the verge of completing right at the level Price is overbought on the RSI
From my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around...
You can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle. This huge multiweek flagpattern combined with this double bottom is about to play out, now is the...
What we see here is a Bull 123, Hidden Divergence PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move. Look like i'm The Bullington Today. Lol
We should have a fantastic opportunity to buy gold down at 1315 next week. It appears very likely that we'll be retesting key resistance that is now support (2015 high @ 1307) with our last quarterly closing above that. Watch for deceleration and a rejection of the 50/60 ema, bottom of bullish penant, and 1307-1315.10 area. This should coincide with an oversold...