Wait for the trendline breakout on either side...then we can initiate a position.
After an uptrend, gold is on a rising wedge which is a possible reversal pattern. Wait for the bearish breakout and then we may go short. Also consider the RESISTANCE line it is facing right now. Best of luck. give it a thumbs up if you like this idea.
We don't want to be predictive here. Let the market decide its direction. Then we can follow its way. Keep in mind RSI is overbought on Daily chart. So you decide. Give it a thumbs up if you like this idea.
200 EMA have been tested, Strong Support Level reached and RSI is oversold. What else do you need! Like this idea if it gets matched with your thought.
Both the trendlines are acting as strong resistance. RSI is also in favour. So, the price should fall.
Wait for the BULLISH or BEARISH BREAKOUT of the Symmetrical Triangle Pattern . Make sure you choose your LONG or SHORT position entry accordingly. Best of Luck. Give it a thumbs up if you find this idea helpful.
Wait for the breakout of the Rising Wedge Pattern. 1.In case of a bearish breakout, you have to also observe the Retest of the Resistance Zone. 2.In case of a breakout of the Resistance Zone, wait for the bullish breakout of the Rising Wedge. Please, give it a thumbs up if you find this idea helpful.
Possible 2 Scenarios: 1. If the price of EURGBP comes out of the Rising Channel ( Bullish Trend ) and Retests the Key Resistance Level, then we can initiate a Short Position as there is also a signal of Bearish divergence according to RSI. Our target Level could be there indicated on the chart. 2. If price remains inside the channel and shows a breakout of the...
EURUSD may fall as the RESISTANCE LEVEL has been retested. RSI is also OVERBOUGHT.
The price of NZDUSD may fall from this LEVEL of RESISTANCE. RSI is also showing OVERBOUGHT situation.
There could be a Retest of the Resistance Zone and then Fall. RSI is also indicating Overbought condition.
Wait for the trendline breakout and retest of the Key Support Zone for the confirmation of going LONG. Put your S/L limit accordingly.
Looking for a LONG opportunity after the retest of 1. 200 MA 2. Support Zone 3. Trendline
XAUUSD has broken the Key Resistance Level. Hopefully it's gonna retest the level again and go up. So, a long position is expected to be executed.
Are we going to watch a swing failure pattern and go for potential SHORT position? Wait and see till the breakout of Horizontal Support Zone and pullback after that. Then We can go for a short position.
Wait for Key Resistance Zone breakout to go for LONG and Trendline breakout to go for SHORT.
Wait for the resistance zone and trendline breakout confirmation on 1H or 4H chart. Then You can go for LONG.