This pair has reached the highest price since Feb 2022. Now I looked for indications for price reversal and make use of chart patterns. On H1 there's clear ascending channel then price reversed, now its providing second entry opportunity. *COMMENT what you think *LIKE if you understand the analysis
We have seen gold in an upward market and making new highs of all time. On D1 market made raising wedge pattern which signals reversal, also there's bearish engulfing candle stick pattern or evening star if you like. Now on H4 I am seeing this, break out of an ascending channel. *COMMENT what you think *LIKE if you understand the analysis
I think where the price is currently at, it is very reasonable to sell. The market has made an ascending channel which signals reversal. Read candle stick pattern for entry. *COMMENT what you think *LIKE if you understand the analysis
The market is at a major supply zone where sellers are waiting. Then price presented an ascending channel which is a reversal pattern. By reading the candle sticks the sellers showed themselves (Hanging man pattern). *COMMENT what you think *LIKE if you understand the analysis
There is a clear supply price where sellers are waiting to short the market. Also there's a chart pattern which also signals a reversing market. Make use of candle stick patterns for entry. *COMMENT what you think *LIKE if you understand the analysis
USOIL is in the downtrend making lower lows & lower highs. Now the market is presenting an entry to capitalize on the bearish move.
My bias still the same as my previous analysis, I'm still for sells. I advise you to check out the prior analysis, you will notice that the price did not provide a candle stick confirmation on the 3rd touch of the pattern. Meaning no trade was taken. The price now is presenting Quasimodo pattern which is also a signal for selling opportunity.
This pair has always been a downtrend therefore makes sense to look for selling opportunity to capitalize on the trend. Market is at the supply price where I believe the sellers will enter the market.
Gold has been pushing down for quite some time now. Creating lower lows & lower highs. Currently it is preparing for another entry opportunity for sells.
The market has been on the short term downtrend on H1. The price is pushing down to the demand price before major push up.
The idea is the same the previous post but that one was a pre mature entry.
My bias lies on the Supply price not being filled. And the market has been making higher highs & higher lows, which also tells me that the market is more likely to move up and fill the supply price. This is all short term, the overall direction of this pair is going down.
Nice scale in opportunity for selling traders. The market broke the previous up trend by making a new lower low. Now the market is finishing the process of making lower high.
NASDAQ has been bullish for the last several weeks and its still continuing with the bullish momentum to reach the highest price. Market broke the $15931.7 price on D1 timeframe, then presented a continuation pattern on lower timeframes.
Completion of the continuation pattern. Nature theory Impulse, correction, impulse. Determine your entry price.
I'm not familiar with the fundamentals of these two nations, but by reading the price action my bias is with the bulls. The market has been ranging for quite some time now. Also if you analyze the pair you can spot the inverse H&S pattern.
Inverse head & shoulder pattern signal for Buy opportunities. The market is in a correction phase.