Hello Traders! As you can see from the 15mins there is a formation of an ascending triangle. Break of 2050 will take the price to 2070/80. If the current 4h candle closes bullish and above 2052 which is the open of the previous candle 4h candle, the we can see price move up to our levels. Trade Safe!
Long term Target for the symmetrical triangle breakout.
4H closed bearish and rejected the .618 level of 1937. The corrective wave B of impulse wave of A is complete. Now we can see the continuation of the downward trend (Wave C). If price breaks 1926/1915 and reject these level then we can see 1910. Trade Safe!
Hello Traders! As per my previous post we saw a bearish flag formation on 1h chart. Which was confirmed by yesterday's price movement. 1926 was the support level which is now broken and price is heading back to 1915 level, if price breaks 1915 then we can see the 1907-1901. Trade Safe!
Hello Traders! Symmetrical triangle breakout with target of 1937 . Fib retracements : 1 ) Price took support at 1915 (.382% ) and heading up to 50% retracement (1926) 2) If price breaks 1926 we can see the price move up to 1937 which is (.618 ) retracement for the impulse move down. If price reaches 1937 it will complete the formation of bearish flag pattern....
Hello Traders! Bearish: The daily candle closed bearish today with a bearish piercing pattern. The 4h also closed as bearish engulfing prior two 4h candles. If we break 1897 level then we will see price retracing back to 1888 levels which is also 0.382 retracement for the last impulse move. If the price breaks 1888 and rejects we will be in...
Hello Traders! As you can see there is a formation of pennant on the 15 mins chart for gold. This is a continuation pattern , break of either side will determine the trend. The current trend is bullish. Trade Safe!
Symmetrical triangle on 1hr chart with Rising wedge pattern . Target area 115.115
USD/JPY the price bounced off from the .382 fib retracement and rejected the .236 Fib level, looking to short it till %0.5 fib level 114.790. The blue boxes are 4h resistance/support zones, any close above the 115.137 will take the price to retest the breakout at 115.382. SL 115.162 - TP - 114.795
Falling wedge pattern on 4h charts - Blue zones are 4h zones and Orange one is 1hr support zone. The price is currently sitting at 1800 and if it retest the 1804/6/7 zone , one can take short position upon an rejections from the zone. TP is 1792 and SL 1709.