HugoHamoudi007

HugoHamoudi007

GBP/AUD made a W formation and is currently retesting the previous resistance which is now turning into support. W formations are a very common chart pattern which literally look like the letter W except the last leg of the W extends then retraces to the neckline of the W( The middle point of the W). They are very consistent and tend to follow the pattern 70% -...

HugoHamoudi007

The price action as a scalper is playing out very bullish creating a triple bottom on the 3 m and 1 m timeframes. We also just got our first EMA cross since the previous bearish move. I see Nasdaq going to 11700 before tomorrow.

HugoHamoudi007

Hey traders ! I see GU moving to 1.23 within the next few hours. It is testing resistance on the 1H and made a MA cross and retested it before making a bearish move by printing a strong bearish candle. I would put stop losses above previous swing low around 1.241 and take profit just before 1.23 . If you like this idea leave a thumbs up !