ForexGoldenBoy

ForexGoldenBoy

Flagrant downtrend A bullish retracement as it should be The not-at-all-subtle B.R.E.A.K.O.U.T. And finally, a crazy pullback Magnificoooooo a clean scenario, just the way we like it I'm buying

ForexGoldenBoy

As the chart shows Prices have moved from the red to the green zone breaking the bearish support of the downtrend in the process. This is a bullish reversal pattern. So, from now on, I'm buying this pair!

ForexGoldenBoy

In this zone, the upside is in danger The pair could already be facing two levels of resistance As long as prices remain below the last bullish high, I'm considering a bearish scenario. I'll revise my scenario should the opposite occur

ForexGoldenBoy

The previous analysis gave 90 points of bullish rally :-). The breakout was brief but satisfying. However, from now on, the future for this pair is likely to be bearish. Prices are in the process of a "double top". And if this were to be confirmed, a reintegration of the previous downtrend would become more than likely. "Be brave... Be a trader !"

ForexGoldenBoy

Although in a downtrend, the market has been rising since the upward retracement of December 16, culminating in today's breakout. Prices are emerging from the top of a symmetrical triangle and a downtrend line. If theory isn't deceiving us, this should lead to higher prices.

ForexGoldenBoy

Bullish resistance on 21 October 2022 remains effective Prices have just failed to break above it On the other hand, the bullish support that led them there has just been broken for the first time In this configuration, a return to the downside is likely

ForexGoldenBoy

Big breakout on the pair Prices are in a pullback phase Buyers are apparently having a hard time getting over it The market could soon start to fall again

ForexGoldenBoy

Bullish breakout Volumes are consistent In theory, bullish recovery at the end of the pullback Buyers are about to take control of the market again

ForexGoldenBoy

The bear market was blocked by resistance But this resistance has just broken This is a bearish continuation pattern Prices could soon mark a new low

ForexGoldenBoy

Prices have moved into the buy zone This figure shows a bullish reversal Buyers are controlling the trend The end of the pullback should drive the market higher

ForexGoldenBoy

The market remains in the sell zone Bearish support has just sent prices lower This is a bearish continuation pattern A new downtrend could soon put an end to the current retracement

ForexGoldenBoy

The market is in the buying zone However, in the short term, driven by bullish resistance, it was moving against the trend. But this resistance has recently been broken This could herald a new bullish rebound towards the latest highs.

ForexGoldenBoy

The market has recently returned to the buy zone This is a bullish reversal pattern Bearish support could soon become bullish support The new trend would then begin at the end of the current pullback.

ForexGoldenBoy Updated 

No more sellers, the triangle has broken = According to theory, this is a buying pattern + And it happens to coincide with the RSI divergence. Personally: I'm going long on the pair. Theory says there are a few pips to be had...

ForexGoldenBoy

One more bullish resistance far behind. + Another 20 points and buyers will be kings of the pair = Default bullish scenario chart . On to the next resistance Personally, I'm still long, ready for 0.6520 and beyond.

ForexGoldenBoy

The last bullish breakout didn't work. + But the divergence of the RSI leads me to believe that a new attempt is on the way. = I expect this triangle to be broken from above. Personally: Then I'd go for a new long.

ForexGoldenBoy

New angle for the rise, but the trend remains the same + This time, the 3 lows are perfectly aligned = A new rebound attempt is underway Personally: Still in my bullish scenario. I'm staying long

ForexGoldenBoy

The previous bullish resistance is in the rear view mirror + It could even now serve as bullish support = In theory, the road is clear. 158.513 in the TP Personally, I expect the uptrend to continue. I'm staying long.