Head and shoulder pattern showing protection trend shift we don't just trade patterns by it self, we're waiting for the break of the neckline With a price rejecting up side we wanna see bearish pressure
On our daily chart price is holding at the 78% fib level forming a double top showing rejection to the up side. We Looking for price to push down and take out the low at 1.03674 Watch this for the rest of this month were looking to find short entry on a lower time frame
As we are entering into the new trading week we see that Price make a triple top with a strong reversal signal from the rsi diversion Watch this pair for 2 days
Bull pressure is now active Price as retrace to a main level of structure With a candle stick pattern entry
The market is on a down trend because of the lower high and the lower low then price make a higher high And a same low confirm that price want to go up. If u like this idea like and comment for more ideas like this.
Multi time frame (1hr/4hr) a double top showing rejection to the up side and also price as break and close below the trend This coming week I think gold is go to rally back to the low 1600 bar.
Waiting to see price open and close above my key level of resistance To go long
We are getting bullish pressure as we enter the resistance zone If price push above and close then we are looking for buy trades.
If price break above the strong zone of value we can confirm that the down trend as come to an end and we can start looking for buy opportunities
Waiting for price to break and close below the support trend watch for 24hrs
once price increase from 1.0817 to 1.09144( 0.90%) then i would wait on a retracement to the red zone but the can should close inside that zone. after that i want to see some selling pressure with a red candle close below my 1.06 zone the i would take my entry at the close of that candle.
Price as reach the 144.308 we think it's time to go long just wait for a confirmation candle
Price FX:USDCAD failing to make a new high. Huge bearish pressure coming with a confirmation grave stone candle.
my prediction for gold this coming week is that if price fail to break the main level of resistance. on the other hand if price break resistance we can look forward for a trend change to an uptrend.