On longer TFs we see breakout, however, short term we may see correction to ~1.6, if the bear flag breaks down. However, long term, this is a buy.
Just a quick set-up, the pair hit supply zone, looking for a retrace at least to 0.5 fib.
At this point I am looking to buy the pullback as we move towards support area.
The pair is moving in a large ascending wedge, looking to short on break of formation with Fib levels as potential targets. Short term it is hitting supply area @0.712, so possible to initiate first short positions there. GL!
Gold seems ripe for a short. Short-term target is 1730, afterwards will reevaluate. Divergence on 4hr timeframe and possible HnS forming.
Seems like bearish flag in the making. Possible to enter shorts now, with SL above recent high, more conservative bears may enter on breakdown of formation. Measured move target is in lower 35s, however I will possibly sell only 1/2 half of my short position there and trail the rest. GL
Great short opp coming up in HG. It's possible that we see a retrace all the way to 61.8%, however, profits should be taken along the way. GL
RSI divergence forming on daily, which should provide a nice upside in days to come. GL
Contrary to prevailing sentiment, I see USDMXN moving higher short-term. Price action forming bullish flag on shorter TFs confirms this scenario. However, due to volume gaps below, I will be taking profits early. GL!
Gold currently at an important point, opportunity for both bulls/bears depending on the break of rectangle. I am leaning more towards bullish scenario, due to long consolidation at recent highs. Also RSI broke an important level, which suggests more upside. GL to all!
It seems the pair has found support in the rectangle, currently aiming for 1.14. Possibly heading much higher (see the monster flag on higher TFs), but I would be happy with my profits at 1.14 :) GL
Divergence formed on higher TFs, strong rejection off-recent lows (lower wick in red oval), for possible targets looking at 145 and 155 areas. The strategy is to buy the pullback and that's where we currently are. GL to all!
Very obvious head and shoulders has formed, which offers us good RR.
Gold broke down from rising wedge, ideally wait for backtest and then short with target of 1585.
We have identified bull flag on GBPUSD pair, you all know when to enter, set SLs and TPs. Good luck!
Gold is over extended and even though all the books say, don't short the uptrend, now it offers a good RR. SL @ 1510, 1 TP - 1460, 2 TP 1365.
Currently it seems that gold is poised to move higher, but is currently moving in a rising wedge. We haven't seen much of a pullback lately. My hypotehsis is that we will move to ~1460, where I will be looking for a short with pullback all the way to 1360-1380 area.
Seems that oil is currently moving in broadening wedge - I expect some resistance at 58 and at 59, which would offer shorting opportunities with good RR. I still expect oil to test the bottom of the triangle (yellow rectangle).