KiBeCh29

KiBeCh29

good to go long on retest

KiBeCh29 Updated 

Gold closed with a bearish engulfing candle on Friday after the better than expected numbers of the major event that took place. That alone indicates that it is perhaps time to enjoy some bearishness . However we could and should expect a pull back and retest of the 2056 level and seeing some rejection before taking any bearish action

KiBeCh29

Price hasnt moved much since our last analysis 4 days ago Price had some bullish but not strong enough to propulse price to the the sky and now price is back at the touch of the trendline. Could this be it? are we definitely gon see a break below? lets watch and see!

KiBeCh29

With wats looking like a cup and handle pattern formation with the handle left to form, can we anticipate price to resume after this pull back?

KiBeCh29

We going long on this pair after the break outside n above the long term descending trendline. We can now expect a retest and a continuation

KiBeCh29

We'll be going short on the pound against the dollar after price hit the major level and retested it twice

KiBeCh29

price pulling back anticipating a trip back up

KiBeCh29

Wait for the violation of the bottom trendline... Price needs to show us it wants out of this channel

KiBeCh29

Anticipating a trip back to the south

KiBeCh29

Price back in the cage!.. lets wait n see how it behaves

KiBeCh29

Price has strongly broken out of a 3 days descending trendline on friday. we now looking at a possible pullback and retest of the 0.91106 support level Wait for a reject and price action for confirmation

KiBeCh29

we could see price drop back down to 77.818 or even further down to 77.045

KiBeCh29

Long

KiBeCh29

Anticipation a trip back up toward 70.362

KiBeCh29

Wait for the retest. the previously resistance now turned into support after this strong breakout should hold price and rejects it IF it does come back to retest it!

KiBeCh29

Wait for a break of the trendline and OUTSIDE the triangle then a break ABOVE the resistance then RETEST for a possible long opportunity

KiBeCh29

a break outside the pattern and retest could presente us with a good shorting opportunity!

KiBeCh29

We could have a potential gud long trade on this pair if price gets rejected at the level it is at with enough strength to send it back down to 0.90632. if price makes it down there and the structure shows enough support then we could have a long trade till 0.91624 at least