I am not a financial advisor and I am not telling you to take this trade. This trade is my own personal thought and I am posted so that I can come back and check my analysis (Risking 5%)
Daily - HL rejection off Fib 50-618 - Bullish
4H - Support - Bullish
1H - Inverted Heads and Shoulders - Bullish
EURUSD is giving me the idea that it is going to SELL to the downside. It rejected from the resistance area of 1.17600, then created a lower high, which tells me we are going to the down. I think EURUSD is going to break the channel, which gives me another reason to sell. This is my personal analysis so that I can go back and see if I was correct. Feel free to let...
EURUSD is going to retrace back to the 1.7300, then go up to 1.1800, retrace back down to 1.17120, before going back to the upside. This is my personal analysis, so that I can monitor myself. Feel free to let me know what you think about my analysis. Do you agree or disagree?
On the 4h timeframe, GBPUSD is at the bottom of the Falling Wedge, so its going to up 80 pips. After it breaks the wedge, it's going to go to the next resistance area which is 140 pips from where it's at now. This is my personal analysis, so that I can monitor myself. Feel free to let me know what you think about my analysis. Do you agree or disagree?
On the weekly chart for EURUSD, Double Tops have been created. The neckline should break and go to the next support line at 1.5122; it may reverse. EURUSD may also go back down to 1.12450.
EURUSD may also break the FLAG and go long. This is my personal analysis that I have created for myself to look back on. Feel free to let me know what you think.
DXY is going to the resistance at 93.062, but it is going to begin to go SHORT and go back to the support at 92.600 or 92.200. This is my personal analysis, feel free to let me know what you think.
On the 4H chart, it already formed a Heads and Shoulder to the Support Line. It went on a uptrend and created a Triple Top which means it's going to the previous support line , breaking through the top resistance line. This is confirmed with the Daily chart. It's about to create a Triple Bottom, which means it may break to the upside after it hits the 4H support line .
This is my personal market analysis for AUDUSD. As I was watching it, it looks like its going to hit the support line, giving me a double bottom. This means it would hit the support line then bounce back to an uptrend. I also noticed a morning star, separated by a gravestone doji. The morning star gives me a bullish sign, which means it may go to the uptrend,...
