NDOBObanks

NDOBObanks Updated 

Confluences: 1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders ) 2. Daily chart long term trendline breakout and close. 3. Price is trending lower with the formation of a new low. Entry: Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today...

04:26

NDOBObanks Updated 

Confluence: 1. Weekly Chart Trendline breakout. 2. Price is trending bearish with lower highs and new Lows being created. 3: Key low has been broken in the region of 1787 and 1765. Entry: We will be waiting for a lower high to get formed before looking for any entries on Gold. We are expecting some dollar weakness into the start of this week. With that being...

NDOBObanks Updated 

Confluence: 1. Double top pattern formation (Not textbook style). 2. Long Term Trendline Breakout on Daily chart. 3 Trend is breaching with lower highs and new lows being formed. Entry: Trend continues to be bearish from the previous week. Will only look to enter this trade around the middle of the week as its still early in the week. Price might still...

NDOBObanks

The summary of the times listed below is when I personally find it particularly risky to trade due to various reasons. Not to say there are no trading opportunities during these times, but these are the times when I decide to reduce the amount of risk and number of traders I usually take. Some of these reasons include profit taking, portfolio rebalancing, big...

NDOBObanks Updated 

Confluences: 1: Weekly chart trendline breakout. 2. Trend is bullish with price making Higher Lows and New Highs. Entry: Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess...

NDOBObanks Updated 

Confluences: 1: Weekly Chart trendline breakout 2: Trend is bullish as price seems to be making Higher Lows and New Highs on the Weekly Time Frame Entry: We will be looking to enter this trade towards the middle of next week. As we can see by looking at the weekly chart, this is a fresh breakout. There is the risk that price may pull back towards the low of the...

NDOBObanks

Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of...

NDOBObanks Updated 

Confluences: 1: Daily Chart Trendline Bounce. 2: Price is bullish on daily chart and has just completed higher low 3: H4 counter trendline breakout Entry: At the break of the H4 counter Trendline

NDOBObanks Updated 

Confluence: 1: Price Broke out and closed below previous weeks low on the daily time frame. 2: Trendline breakout out and close on daily time frame. 3: Price failed to break a significant Lower high on the daily time frame. creating double top pattern. Entry: Wait for price to test the area around the high of the current week which should take place later...

NDOBObanks Updated 

Confluence: 1: Price is trending bullish on the daily time frame making new highs and higher lows. 2: Price Broke out and closed above previous weeks high on the daily time frame. Entry: Wait for price to come and test the area around the lows of the current week, creating a Higher low before continuing to the target of 108.500.

NDOBObanks Updated 

1: Weekly Time Frame Breakout at Previous Months Low 2: Weekly Chart Trade Line Breakout and retest 3: Head on Shoulder Pattern formation on Daily Time Frame 4: Breakout of Support which also acts as H&S Neckline

NDOBObanks Updated 

1: Falling Wedge Breakout on Daily Time Frame 2: Lower High breakout and Close 3: Daily Chart Trendline Breakout and Retest with Pin Bar

NDOBObanks Updated 

The downtrend of USDCHF seems to be coming to an end with price action pointing the upside for the next few weeks.

NDOBObanks

1: Weekly Time Frame False Breakout at Previous Months Low 2: Falling Wedge Breakout on Daily Time Frame with Multiple Candle Closes. 3: Daily Chart Trade Line Breakout 4: Head on Shoulder Pattern formation on Daily Time Frame 5: 61.8 Fibonacci Rejection on Daily Time Frame With Daily Pin Bar.

NDOBObanks

Waiting for price to pull back to the demand area of 0.71000 which is also the low of the previous week. Target is in the 0.73000 supply area.

NDOBObanks

Waiting for price to pull back to the demand area of 1.56000 which is also the low of the previous week. Target is in the 1.61200 supply area.

NDOBObanks

Waiting for price to pull back to the tdemand area of 1.53000 which is also the low of the previous week. Target is in the 1.57300 supply area.

NDOBObanks

Waiting for price to pull back to the the demand area of 125.140 which is also the low of the previous week. Target is in the 127.420 supply area.