we will just be looking to short this pair. as it broke the neckline or the head & shoulders pattern.
price is at a resistance level and created a bearish engulfing candle on the H4 so we may look at strength from the British pound in coming days.
this pair is at aa support level, now we are looking for a buy signal.
This pair has been on an uptrend since the beginning of the world wide pandemic. New Zealand has also managed to keep their corona infections under control
waiting for price to break that angle to go long to the top of the previous high created
The AUD looks like its weakening. waiting for price to break the level for entry. Price is also sitting at resistance level.
Gold looks to be bouncing off the resistance zone it is currently in. The U.S dollar looks to be continuing its gains made. Id be looking for entry once price breaks the resistance line.
This pair has been breaking towards the downside it continues with the down trend. The Ausie still seems to preserver against the EUR weakening due to the impact of #Covid-19
Daily Chart: -Price has reached its resistance level. -Price has tested this level 3 times before and went into a selloff of this pair. Now we wait for a signal for a sell to enter the downtrend H4 chart: -Here we wait for price to break below our grey area where price seems to be finding support. once it breaks below this area we will sell.
EURAUD -Forming a double bottom pattern. we are waiting for price to reach the neckline and breakout before entering into a buy position. -Price also formed a descending wedge and broke out, awaiting confirmation outside the wedge. Entry options: 1. wait for price to break the neckline of the double bottom pattern than enter. 2. wait for the confirmation...
AUDUSD looks to be forming a Moola pattern( M )/double top waiting for price to break the neckline and confirm before entering into a short position. first level ill be looking out for is the grey level where price may struggle, if it breaks that level ill be riding it down to my green profit zone.
we are getting some CAD weakness coming through. This chart on the daily's shown repetitive breaks to the upside. Price also formed a bullish engulfer having found support on the 40 Moving Average.
As much as there is a lot going on in the market we still look at market structure, If you look at at the chart from a larger point of view we see that price is retesting the trend line. Confluences: - price broke out its rising structure when it broke the red trend line. -we now wait for price to break the descending trend line before we look to sell. -on...
Confluences: -As we see this pair is in a down trend. -it created a rising wedge which is a continuation pattern to the downside and has broken out. -it also broke out and retested our trend line. -the H4 chart is trading below the 40 Moving average. -Head & shoulders pattern forming, waiting for price to break the neckline.