Ascending corrective phase could be an assurable pattern for a short position! However, patience is the key factor for higher reward. The price can go either upwards or downwards. A candle-closed channel break out and another ascending correction can be a really strong signal for short position. Patience is the key!
Here is my assumption on gold! My technical analysis is based on the candles closing in the days ahead. Further inspection of the chart is required for a signal. This is my personal outlook on gold, in which opening a position is going to be a reaction towards market movements, not a prediction! Happy trading. Cheers!
Inverse head and shourlders pattern. Cheers and happy trading!
The price would be impulsively pushed down to 0.86 by a resisting level right on 38.20% fibo retracement level. Cheers
Impulse and correction is done, now it is the time for another bearish impulse. Cheers!
Two scenarios are clearly indicated! However for both directions, highly strong signals are needed for partial prediction of the U.S dollar index. As a wise trader has said "trend is the best friend of ours"! Accordingly, I would say as the trend is bullish, it is highly possible to stay that way by the low trend line and support zone underneath the price! Wish...
Flat top triangle pattern is expected to be completed! Feel free to state your opinion! Cheers!
Correct me if I am wrong! Flat bottom pattern is seen and it is expected to see the price retrace back to 65.00! Feel free to state your opinion! Cheers!
EURUSD is going south to 1.08500 support level in the upcoming weeks. Cheers!
All the signals are pretty strong, indicating the fact that price is heading south. comments and ideas are highly appreciated. Cheers!
All the signals are pretty strong, leaving the chart no choice to be bearish. I would be glad if you state your opinion. It is highly appreciated. Cheers!
All the indicated signals are quite strong.