From the graph, we can see that the gold is forming a descending triangle pattern. With lower highs indicated by the red arrows. If the market manage to break through fib level of 0.618, we will expect gold to head to the next level of support.
The bulls has been rejected at the resistance level. We can see a large green candle movement up to the resistance. However, when it is near to the resistance area the candle body become smaller thus showing signs of the market losing strength to break through resistance area. On Friday’s the candle closed as a doji and a even smaller candle body. Thus depending...
From the graph, we can see that previous 3 movement (A,B,C) to the downside the price length is from 200 Pips- 240 Pips. The current downward movement D has reached a price length of 200 Pips. Thus, based on past movements once the price length has reached a certain length it is going to go back to the upside.
Furthermore, from the opening today we can see that...
EURAUD Potential movement to the upside, we can calculate the price length of previous few downward movement marked by the arrow. We can see that downward price length is ranging from 180-200 Pips. Current downward movement has around 185Pips. Thus, there may be a potential movement to the upside.
NZDUSD moving inside the triangle pattern, from the small body of the previous day candle we can see that it is showing weakness in the upward momentum. We can expect a bearish movement towards the downside. However, if the candle closes above the triangle we can expect it to go up to the next resistance level.
Tomorrow Thursdays 21th march, there will be...
Usoil short, the market has reach a resistance area at fib 0.5. From the previous candles body, it shows that the market has lose it’s bullish momentum. The size of the candles body are getting smaller and smaller showing weakness towards the upwards movement.
The RSI indicator shows that it has reached a point of overbought indicating a bearish signal. Entry will...
AUDSGD long, the market broke the fib level of 0.236 with strong bullish momentum. Potential movement of it moving up to the next fib level of 0.382. Parabolic SAR also indicate that it has reversed the downward trend.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your...
EURUSD potential short, forming up a series of lower highs and lower lows. Moving in a downward trend channel. If we look at the 1hour timeframe currently it’s price action shows that it is still going up in a upward trend. Potential entry once the price action shows that the sellers are back in control.
All investment comes with risk. Trade at your own risk....
AUDNZD long, previous day candles shows a bullish candle rejecting price from support area. If today’s candle closes as a bullish doji candle, there is a potential for the AUDNZD to head to the next resistance level.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas...
EURNZD potential long, previous day candle shows a bearish doji candle rejecting the price at support area. Currently, today’s candle is at fib level of 0.236. Potential movement to the next fib level of 0.382.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and...
NZDCHF potential short, previous day strong bullish candle went up to the resistance area. Currently, today’s candle showing a bearish doji candle rejecting the bulls at resistance area. Potential short entry if the end day candle is a bearish doji candle.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate...
AUDCAD potential long, graph moving in a downward trend channel. Previous day candle shows a strong bullish green candle breaking out of channel. Potential movement to the next resistance level at fibonacci 0.618.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and...
