The pair looks to have found support on the retest of the broken 1.94000 psychological level. With the 50% level of Fibonacci holding and the upward trendline bounce for the fourth time we anticipate a bullish run from now, as price has broken above a minor falling wedge. Buy at current price with a target of 850 pips and risking 100 pips...
With price finding a breakout and closure below the daily range we expect a retest of the broken demand turned into supply that confluences the 61.8% Fibonacci, and a downwards trendline and also the 20MA that holds as the resistance as well on the 4HR timeframe to sell and hold for long targeting previous major lows...
Just expecting a pullback towards the 34700 level where multiple confluences meet with the retest of the broken structure to sell!!!
The pair is still stuck in the symmetrical triangle and the best signals to trade the bounces has been on the 1HR timeframe. We just had a support hit and price closing as a bullish pin bar on the previous hour as it touches the lower line. I anticipate a bullish move towards the upper line of the triangle.
With the special way Gold respects these technicals, so far it has found resistance on the intraday downward trendline 4 times and looks to get the touch for the fifth time as it retraces towards the 1922 zone and there to find the 50% level of Fibonacci and possibly it will drop in continuation, failure to follow suit we can expect the retest of the 1934 zone.
Price took out the major holding 0.76700 zone and has closed below as it now ranges on the intraday to retest the broken zone that confluences the 61.8 level of Fibonacci and the downward trendline, I anticipate the bearish continuation from there.
Breakout of the 0.88700 zone and closure above there so now price looks to retest the zone and the broken zone confluences with the 61.8% Fibonacci as well as the trendline and the 20MA. We await confirmation to enter if price gets rejected to the upside around that zone.
With price breaking below the 0.58900 zone and closing below as well as making a retest and closing as a bearish pin bar and under the 20MA we look to have a 300 pip drive downwards..
With price breaking below the range marked on the daily timeframe and also the upward trendline breakout and retest we get a signal to sell by the daily candlestick closing as a bearish pin bar and also closing below the 20MA. Selling from now risking 100 pips and targeting 350 pips
Suggesting a price reversal probably to complete an Inverse Head and Shoulders pattern. Long moves might occur as price has retested a double bottom broken structure and confluences the 61,8% level of Fibonacci. Potential of a 1:3 R:R as well
Suggesting a Bullish entry on the price retesting the broken structure as it confluences the 50% level of FIB, Probably a 1:3 R:R trade
Bitcoin has approached a rising trendline for the third time now and so far we have an hourly candlestick indicating a reversal to the upside I suggest buying it now...
Level of confluence there with a broken structure retested and the falling trendline as well as the 50% level of Fibonacci. Setup is sweet to sell after a pullback. Use proper R:R
Perhaps you missed the first entry, you can still join the pullback that might come around 34600 as it confluence the 61,8% Fibonacci to go long as well!!!
Price touches the trendline for the third time and as it retest a broken structure also confluencing the 50% level of Fibonacci. I took a long entry to hold!!
The trendline has held price for the third time confluencing the 61,8% Fibonacci and the 20MA bounce on the daily timeframe, we note a falling wedge breakout signaling the bullish potential move.
Probable retest of the broken structure that confluences the 61.8 level and long positions to be activated!!!
I have been stalking the precious metal as it broke the 1935 zone that was left unretested and now the retest has come that confluences with the 61.8 level of Fib. Furthermore an Inverse Head and Shoulders reversal pattern seems to be in c0mpletion as currently price sits on the right shoulder and I anticipate long swing positions for some time upcoming there. I...