Chris7373

Chris7373

Symetrical triangle here on AUDJPY, which should be a continuation pattern to the downside.

Chris7373

Correction occured on this pair with a rejection to the downside.

Chris7373

AUDCAD waiting for correction before further push downside. Wont enter if no correction appears with a clear rejection.

Chris7373

Pull back is occuring on XAUUSD in a downtrend channel. As we are at a key level (1775), the price may drop before continuing its correction to the top of the downtrend channel, or continue dropping if the bulls are not present. As EURUSD is more or less ranging, and as gold is correlated to this forex pair, indecise movements can also be observed.

Chris7373

To me, we should be arriving at the end of this current downtrend, where a massive correction is needed. Why ? 1- Bears are facing a very respected demand zone 2- Bear power is decreasing over the time which can be observed on the candle sizes 3- It also can be observed through a RSI divergence 4- Bullish candles are rejecting the current price Waiting for...

Chris7373

We are here at the top of a downtrend channel, which is a nice opportunity if the channel is not broken at the top of it. Let's see how the market reacts, looking for short trades.

Chris7373 Updated 

Drop may be happening on XAUUSD, as the pattern is ending. Keeping an eye on it.

Chris7373

Pull back may happen on XAUUSD as bullish power is decreasing with a divergent RSI. The pullback would validate the figure and gives a new breath to the bullish wave. Keeping an eye on it. Short (scalp) then long (trending).

Chris7373

Next moove on EURCAD may be long (scalp, risky) to then follow the downtrend. Follow the channel !

Chris7373

Long to then go short on GBPUSD, dont forget that we are in a clear downtrend, if you buy some, it is a scalp trade or you will be against the trend ! Ppl dont want to buy some, they are taking their profit on their sell before re-entering, be carefull

Chris7373

Next moove will give information about the way taken by the XAUUSD.

Chris7373

Watch the US_OIL as it may crush back down or the bulls may take the control here. Wait confirmations, but as the bias is bearish, better chance to sell.

Chris7373

Set-up being formed on GBPUSD, huge opportunity is coming

Chris7373

May be a breakout for the bearish to go further lows

Chris7373

Wait the clear break out for NZDUSD, with a clear bullish or bearish momentum.

Chris7373

Could be short on GBPUSD as the top of the trendline has been touched. A breakout can also occurs, be carefull.

Chris7373

Possible set up on GBPCAD, as lower lows and lower highs are appearing.

Chris7373

Possible Head and Shoulder on this pair. Lets see if the bulls will get it.