So far, all signs are showing an additional advance to the area of 2200.xx. However, watch out for a daily/weekly close below 2146.xx for a sell signal The idea presented in the picture isn't a signal. Share your thoughts in the comments section please!
As you can see in the chart, Gold made a high and a lower high. It is in the process of shaping a shark pattern. If the D finished in 2002.xx or 1995.xx, we wait for a trend breakout or a Resistance breakout and retest then buy to the levels of 2048 and higher. This is an idea, not a signal. Tell me what you think and share your charts in the comments.
$BB is getting ready to retest the broken trendline then, go back to 19.52.
In front of you is a potential Double Top Pattern on GBPAUD (Pound Aussie). It should be valid if it breaks below the area assigned 'ENTRY POINT'. If that's the case your SL should be at the white horizontal line (Resistance Area). Take profits area are show in green. Trade with care. Share your opinions & ideas in the comments section
No description for this chart only that the pair is still bearish on the long term. Respect the STOP LOSS !
GBPCAD Bearish Pennant Pattern is invalid by now but that still could be a bearish ascending wedge. Using fibbonacci on H4 timeframe, I realized that an AB=CD pattern is in formation and maybe it finished. If it breaks below the 1.272 level on H4 and make lower lows on H1 & M30 that's your cue to sell the pair. TP levels are the same as the last idea, safe entry...
GBPCAD shows a Bearish Pennant Pattern in formation. My bias is that it should fall a little bit further before correcting the current impulsive wave. Entry point: 1.66275 STOP LOSS: 1.67843 TAKE PROFIT 1: 1.65491 TAKE PROFIT 2: 1.64224 TAKE PROFIT 3: 1.62109
USDJPY is definitely bullish since it broke upward. Just an idea, not a signal. Share what you think in a comment !
There is a possible 78.6 fibbonaci retracement on EURCAD, before it starts pushing down to touch the black-dotted uptrend you'll see on the chart when you zoom out. There are also some major areas of reversal to pay attention to. Personaly, I took that sell limit order and waiting it to go active. If you agree with me place it, else share a chart pointing out the...
AUDJPY hit a major resistance area 81.45 - 81.92, and the fact that it closed above that area on the weekly timeframes gives me confirmation that the price will start to go up. Either to correctthe last leg down or spike even further to touch the red-dotten trendline you will have seen in my chart. There is also a clear uptrend channel that remained unbroken for...
A possible bearish extension to the pair GBPJPY Trade with care !
EURUSD is still bullish on the long run, but the last couple of weeks it entered in a complex correction. I believe this is the last move it will make before it rallies upward again. Trade with care !
GBPUSD is getting ready to spike up. A fall to 1.3236 will signal the start of an uptrend continuation for the pair. Another scenario, I'm watching is a break of the area in yellow. If price breaks and retest that area I'll consider longing the pair. This scenario is improbable for the time being. Just an idea, not a signal
AUDJPY failed to break the level it's sitting on on a previous occasion and is now making a double top formation. Then there's the uptrend touch. It will be confirmed if and when the Sell Entry level is broken and the trendline as well, meaning that's my cue to go short. Target is the Swing low of the impulsive move leading to the first top. Just an idea, not a...
I see a potential head and shoulders as price would fall to respect the 61.8 fib retracement, before price goes up to touch the upper trend of the channel if not break upward to 1.618 fib. Just an idea, not a signal. Post your ideas in a comment
If price breaks the light-red-colored trend line, price will fall to meet the next support at 148.033. Else, I'll reconsider long the retest of the big trend line in red. Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.