What a bullish week for AU. However, I will look at short oppurtunity at AUDUSD next week coupled with several AU news release to continue down and complete the previous cycle. TA: Head and Shoulder with price at key resistance level
Weekly - Evening Star (Bearish) Daily - Hammer (Bullish) The gold had broken several bullish trendline and currently making a continuation to south based on the previous move. However, towards end of Friday trading seesion, price had rejected a resistance become support and currently making a short term retracement to the bearish movement. I'm currently looking...
Weekly - Morning Star with a rejection Daily - Inside bar after strong bullish maru H4 - Retracement. Waiting for complete pullback prior to commencing up The previous short was stop at Break-Even and now we are waiting for complete pullback and that is when we expect AU to go up.
Weekly - Bearish Doji after Bullish Doji. Indecision. Daily - Evening Star after Morning Star. Bullish may ended temporarily H4 - Price created new high and new low at the moment. Expected price to touch the support before making new high
Weekly - Bullish Long Legged Doji. Break high previous close price Daily - Inside bar. Break out resistance and currently on pull-back H4 - Higher High created. Waiting for rebounce and price action confirmation at open price of previous bull maru Based on the above, I will take LONG EUR against USD during trading days this week.
GBPJPY currently making ascending triangle and i'm looking for a short when price arrive at 144.650. Please confirm with price action when the price entering the blue box.
Hi, As shown earlier, AU had almost complete her retracement and I'm looking to short AU at 0.73160. You can adjust your SL accordingly. TAYOR (trade at your own risk) and GLHF (good luck and have fun)
Gold is clearly on downtrend although I suspected this is only a retracement in D1 chart. I'm planning to add on short position as shown and hold it until it reach the TP area.
UCAD is clearly inside the parallel channel pattern which also known as consolidation pattern after she make a clear downtrend. Based on Fibo Retracement, I'm expecting that the price to go to at least 38.2% Level which also coincide with Support Become Resistance (SBR).
AU is clearly on downtrend mode after trendline/triangle breakout. Currently the price is trying to make a short term pull back. AU may tested 0.7310 or 0.7400 before continue going south.
GU had breakout from parallel channel and current making her way downsouth. She had previously breakout from important RBS at 1.2400 and currently at that price level. GU may tested 1.2460 area before continue going south
EU had broken crucial support of 1.0500 area and currently doing a pullback before going further down south. I'm waiting to continue short EU as shown in the chart
There are 2 Head and Shoulder pattern that we can observed for EU. 1) Bearish HNS which is shown in red where the result is still in progress as EU is still in consolidation mode. If the prices goes down and break the support and trendline, it is likely that it will go down to 1.04000 as indicated by arrow. 2) Bullish HNS which is shown in green can be a short...