Nice cloud resistance on 4H time frame. Price is now hitting 61.8, hoping to complete an ABCD pattern, reaching 1.618
This will be falling for a while. No support in site. Cloud twist. Support break and retest.
Break of a trendline. Strickly price. Might go lower.
Based on where price is right now, gaud could either turn bullish or bearish very fast. Based on momentum, I believe that it will break right through resistance, but it could also slow down. Best idea is to wait to see if stoch will show divergence.
Eurjpy has been falling for a while. It is now hitting support. Wicks show major exhaustion. Stoch shows exhaustion as well. Could it fly up?
Based on where price is right now, gaud could either turn bullish or bearish very fast. Based on momentum, I believe that it will break right through resistance, but it could also slow down. Best idea is to wait to see if stoch will show divergence.
Gold is respecting a trendline and resistance. Stochastic divergence also helps as confluence.
If it breaks the 200 ema, then short. Be careful, it may respect it and bounce back up. Take profit is previous support.
This is more of a riskier trade due to the fact it is more in the "open" reason for trade is 50 ema hit, counter trendline it, and it is starting to show exhaustion.
lower highs lower lows, the usual... just wait for the break
Divergence has kicked in. Has already broken the cloud and trendline. Strong risk to reward.
This pair clearly hit the 61.8% retracement with a higher low. Could this be a change of trend? TP is the next resistance. Entry is a little late.