Gold has made great progress since bottoming out at 1620. However the party is about to end for the bling lovers. 1) There is a double top on H4 against strong resistance at 1730 - 1740. 2) M15 pattern to sell 3) RSI divergence in M15 as well. Expecting a drop to about 1670 which would be a neat trade with a good R:R.
M15, M30, H1 and H4 are overbought There has been a lot of consolidation and structure No pattern and its against the trend 250 pip stop loss
M15 and M30 are overbought There is a double top with divergence This is with the trend Exit within 45 pips
M15 and M30 are overbought There is a double top with divergence This is with the trend Exit within 45 pips
M15, M30, H1, and H4 are overbought There is a double top with divergence this is against the trend but there is a pattern on H4 60 pip stop-loss
On April 23rd 2022, we posted this chart stating that the S&P would hit 3320 for a completion of a harmonic pattern. At that time S&P was at 4297 and today is it at 3585. How did we see this coming? 1) There was a massive reversal sign on the weekly timeframe showing that it had topped at 45xx. 2) The huge harmonic pattern setting up 3) Massive divergence...
M15, M30, H1, and H4 are overbought There is a triple top on M30 There is a pattern on M30 and H4 This is against the H4 trend 60 pip stop loss
M15 is overbought There is a double top with divergence This trade is with the trend There is a buy pattern 300 pips below
The market has been crazy this week. It has been one way traffic and we finally get a chance to trade on Thursday morning. There are a number of sell opportunities but we have chosen EURJPY. 1) The trend is down. 2) H1, M30, M15 is OB 3) Divergence is present. 4) No harmonic pattern though This would mean stocks in Asia will drop this morning.
The AUDCHF is in a clear downtrend and hitting the H4 MA now. The pattern to sell is at 0.6505 but the pair is running out of breathe to get there. We are hence selling at Point C for a 40-60 pip ride. Stops above 0.6520.
M15, M30, H1 and H4 is overbought There is divergence on M15, M30 and H1 There is a pattern on H4 This is against the trend 40 Pip stop los
M15, M30, and H1 should be overbought This trade is with the trend There is a pattern on M15 and M30 50 pip stop loss
We have taken a long position on EURAUD. 1) It is an uptrend on H4 and D1. 2) Oversold on M30, M15 3) Divergence present. Reversal is complete so we have entered at 1.4750
Yesterday was the biggest sell off on the US equities in over 2 years. We caught a great sell on SPX and also AUDUSD. The market is recovering from the big sell off. I see a chance to buy AUDUSD with a very tight stop loss below 0.6705. There is a harmonic pattern with M15 and M30 divergence.
This pair has exploded upwards and needs a correction to the downside. It is massively overbought on W1, Daily, H4. H4 is showing divergence. The resistance at 148.85 is very strong and there is a nice harmonic pattern. Target 1 is about 500 pips away with an 80 pip SL.
M15, M30, and H1 are overbought There is a double top with divergence This trade is with the trend so there is no pattern needed 450 pip stop loss
The big picture is that BTC is losing steam due to the strong USD. Last night the pair went up, but it is showing major weakness now. Looking for a short at 19300 with stops above 20000. With the trend and strong resistance from 19500 -19900. Good luck!
M15, M30, H1 and H4 are oversold There is a double bottom with divergence There is a lot of resistents on H4 40 pip stop loss