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Unfortunately, Burstone does not provide enough data to identify a market trend on an HTF. However, price has broken a previous high and formed a continuous pattern after the break. Reward 1:2

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NetCare broke out a bearish Channel signaling a change in direction and then formed a Continuous Pattern (Bullish Pennant Pattern).

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Gold has been stuck on a diagonal support level on the Higher timeframe. People state that Gold has been consolidating or has been ranging however if you look closer you will notice that it has been forming lower lows and lower highs on the lower timeframe. Currently looking for price to retrace at the SUPPLY ZONE however an OVERSOLD Stochastic will give a...

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AUDJPY has been on an uptrend since April after it failed to break a low 87.000. Last week we saw a change of character from the pair signaling a change in direction, as we approach the DEMAND Zone we could see the price bounce and go down for a retest before continuing to move up. Once we reach the demand zone we will wait to see CHoCH on a low timeframe.

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GBPCHF currently trading inside the triangle. Price moves inside a triangle like water and at some point, the water will have to burst out with enough pressure. Last week's price failed to break the triangle instead bounce on the resistance and demand zone closing in a Bearish Engulfing Candle. Entered a short trade however if it failed we will look for a retest...

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EURUSD has been on a downtrend since 2008, with the addition of the political climate of the Russia - Ukraine war only makes things worse for Europe since they have been getting most of their energy resources from Russia, Germany just announced that they are currently in a recession and many other European countries have been suffering due to the sanctions they...

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Gold failed to break both the weekly low and high last week and it also failed to break a Lower High, Gold is currently in an Uptrend long term however it has been retracing forming lower highs and lower lows. Price can either break the lows and weekly low and retrace for an entry for a short trade until 1800 or we break the weekly high and lower high, retrace and...

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AUDUSD has failed to break last week's low and Wednesday's low to form a double bottom. AUDUSD has been on a downtrend however it is currently retesting. Are we going to see a break above diagonal trendline or will we see a bouncee?

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Recap on Gold, Short trade got stopped out yesterday as I did not take the daily candle close into consideration, Yesterday's daily candlestick closed in an Engulfing candle formation after it formed a double bottom formation on a 4-hour time frame bouncing on the diagonal Support. We are looking for a break and test on a 4-hour timeframe chart to go Long.

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AUDJPY has been on a decline since September 2022 and has been forming Lower Highs and Lower Lows. We have gotten a few confirmations for a short trade, 1. LH/LL on a larger time frame, 2. Failing to break a high on a lower time frame, 3. Head and Shoulder and a break on the neckline waiting to enter on a retest however we are still bullish on a smaller timeframe...

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There is not much on the fundamentals of GBPCHF either than Pound inflation decreasing drastically and euro inflation increasing. Britain being out of Europe could mean the UK is less impacted by the war in Ukraine compared to other European countries. Price is currently moving inside a triangle and bounced on the support of the triangle to form higher highs and...

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Just when we thought the Euro is recovering from the Ukraine invasion we saw interest rates rise to decrease inflation as Europe depended a lot on Russian energy which had a huge impact on fuel/gas and coal prices. Around October we saw the euro recover as inflation was decreasing how in April 2023 inflation went from 6.9% to 7%. We will see the Euro weaken until...

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Feds have been able to slow down inflation by rising interest rates. We have seen have also seen the Treasury increase in value as well, this gives us an indication that the US dollar is going to gain value in the long term however we should consider the US Debt ceiling as the US government has a cashflow problem, Janet has stated that government will default if...

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AUDUSD has been on a bearish since Feb 2021 and we are still bearish however we should see a retracement first both we see price reach a Monthly support of 0.60300. Currently price has broken last weekly's low.

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Looking for a Short or a buy

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BULLISH SIGNAL

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BULLISH SIGNALS

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crown set up plus 38.2% retracement