As my previous analysis of usdzar, I said it may form a double bottom at the top then continue with it reversals... it had reached the top and failing to break it.
As my previous analysis of usdzar, I said it may form a double bottom at the top then continue with it reversals... it had reached the top and failing to break it.
A simple break and RETEST. Well I say this will be a 50/50 cause USOIL is volatile, it might stop me out and go to the same direction, what are your thoughts?
I forgot to update my last USDZAR Analysis posted on Saturday. I got bored reanalyzed it. Looking at it in the smaller TF like 4 hr, I saw that it failed to break the previous low it made and used my confirmations that helped to understand the the market has more probability to go to it previous high from, and maybe there it may reverse back forming double top and...
The market is falling to go above the previous high making new lows, and rejections on the resistance it broken.
The market is falling to go above the previous high making new lows, and rejections on the resistance it broken.
On a dialy time frame it showed a break and RETEST going down to smaller TF, I saw another break and RETEST, and a good healthy rejection candles on that area confirmation my sells.
A SIMPLE BREAK AND RETEST in 4 hr TF... followed by a huge rejection candle. I kinda feel like I failed explaining this but next time I'll try videos.
I'm back, took a little setbacks by managed to crawl right back up and looking forward to connect and hear from other traders their ideas. Let's get in to it. Looking at the weekly time frame, usdzar has retested a zone and reacted it now what's left is it to continue it motion downward until it riches the previous low it created.
I'm back, took a little setbacks by managed to crawl right back up and looking forward to connect and hear from other traders their ideas. Let's get in to it. Looking at the weekly time frame, usdzar has retested a zone and reacted it now what's left is it to continue it motion downward until it riches the previous low it created.
Hello traders, As per my previous post on XAUUSD in which I didn't show another area that I considered as a possibility of selling gold if the first is not holding, I am still anticipating sells on gold and waiting on confirmations, but I also do have it in mind If it breaks above the candle highlighted in which in lower time frames it aligns with a strong...
Hello traders, as it can be seen the market failed to break the monthly time frame resistance that I drew below, the last low it created. Chances may be that it wanna break the last high it created or respect it and continue selling. Sorry if you don't understand what I'm saying, I suck at explaining it. I would appreciate it to hear your thoughts on these...
Without any doubt in my mind gold is in a buying momentum looking at high TF, but what I got me having this Idea is because when I look at the high time frame like Weekly TF, gold has respected the resistance that is currently at depending on your confirmations(showing that it more of a retest), mine validated it when I looked at lower TF.
The market failed to breaker the above resistance, hence breaking the lower resistance, Now coming back to test it. It showed signs of respecting the resistance level. Waiting on it to break below the secondary resistance line. We live and learn,
The market failing to break the 4hr TF Resistance, but anything can happen since the market is moving randomly.
The market reached the highs and broke below the previous resistance. After the break of the previous resistance, the market retested the resistance level. Intercepting on sells.
Simplicity is the key. Failing to break the last high.
The market keeps on failing to break through the resistance above the market. You will understand what I'm saying more once I start posting recorded videos cause I can't explain things here the way I'm trying to.