Combining fundamental analysis on this trade, it will determine the mid-long term trend on this pair.
Expecting a short retracement to mini-resistance before going long again. Tradng plan to enter mini-scule position on Monday depending on direction of price during breakout.
Consolidation expected as facing blockers on Daily trendline. Trade plan to look for good price to enter on a long trade
Might be forming a head & shoulders pattern. Otherwise a breakout above key level may be expected.
Seems to be on reversal. Follow us for weekly analysis. View our accurate analysis for the previous week on our profile now!
Still bullish on XAUUSD but to be monitored. Follow us for weekly analysis. View our profile to see our accurate analysis for the previous week.
Expecting a short correction on H4 for a rebound to the upside. Risk reward ratio 1:2.
To hold back taking a position on this pair until price hits significant price level to decide on entry. Blockers at the upside on higher timeframes make it unlikely this pair is going on an uptrend anytime soon.
3 black crows on daily chart makes this pair bearish . To look for short opportunities but to stay on the lookout for possible reversal.
The situation in Hong Kong is not expected to get any better in the coming weeks. This is purely a technical analysis and does not factor in news. Resistance tested thrice with higher lows forming, ascending triangle pattern is prominent here.
To observe price action for a possible short towards resistance level. Buy limit set with a small position at resistance level for reversal trade.