Hello and welcome back traders🙂.
EURAUD has been is a consolidation zone for the past few days now and it's recently retested the support but it couldn't break through and successfully rebounded.
Meaning we could see it retest it's resistance.
Both lines are marker in the graph.
Good luck trader's and may this week be profitable for you all. 🙂
If you found...
Hello and welcome back traders🙂.
GBPUSD is currently trading in a descending wedge pattern.
It is currently making lower highs and lower lows and should continue this trend until hit hits the major trendline or breaks out of the descending wedge pattern.
A good entry point on a short term short trade would be at the 1.38659 support turned resistance...
Hello and welcome back traders🙂.
Wti Oil has been following my analysis and has hit the first TP.
Meaning I can now bring my second position to breakeven and let the market play its course.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
Hello and welcome back traders🙂.
Gold is currently trading in a ascending wedge pattern.
A good entry point on a short term short trade would be the 1687.46 resistance line.
This is because it also coincides with the descending wedge pattern mentioned earlier.
Please be advised that this is a riskier set up due to the potential chance that gold...
Hello and welcome back traders🙂, Gold is currently trading in a descending wedge pattern creating lower highs and lower lows. Once it breaks this pattern we can look for an entry.
A good entry point on a long trade would be to wait for the breakout of the descending wedge pattern that gold is currently forming, . To have a safer entry point you should wait...
EUR/AUD has been trading within a consolidation zone of 1.55368 & 1.54300 since the 1st of March. Wait until it breaks this consolidation before placing a trade. A violation of either the support or resistance lines could mean the continuation of the trend. EUR/AUD is currently in a downtrend and is trading within a descending trendline.
A good entry point...
