XAUUSD bulls are exhausted and price will start falling from this supply area. The cannel further explains the current trend XAUUSD price is trading in. Price may sink even deeper.
USDJPY should continue the journey up from this demand area. We saw price quickly escalate beginning of this month, yesterday, we sent out a sell setup you can refer to, it has hit tp and now it is time to move up again. The double bottom is confirms the possible bullish continuation.
GBPJPY may see some downs for todays trading sessions. Price has been gradually moving up a bearish flag channel and looks to be preparing to decline. Stop above the top.
Gold price will move higher into the 3350-3360 supply area. A double bottom confirms price action till 3355, but price may push higher into 3400 before a nasty reversal
USDJPY double bottom pattern is currently in progress. Price has been pushing up since the start of June, and now, a short retracement to 144,00 and price will continue higher.
The bias is still the same for BTCUSD, bearish. Here is what looks to be a better entry. This scenario will occur under the assumption that price is forming a bullish inverted head and shoulders pattern. A recent break from the channel resulted in price moving up towards 107K.
Bearish flag indicative of a possible move below from 3315 towards 3303 demand zone. Let's see how price reacts
GBPUSD may fall from this area judging from the current trend and movement of price within this rising channel. Overall, this pair is bullish, this is only a pull back trade before the bulls resume next week.
ETHUSD is travelling in a bullish channel however, I am expecting price to sweep low before possibly moving up. 2416 is the sell target
A simple straightforward setup for this coming week can be seen here on GBPJPY. The main structure is a double top. Price has been traveling within a channel forming the right top, I expect price to decline during Asia session this evening.
BTCUSD price could start declining from this supply area. There seems to have been a bullish break however, it may be a fake out so wait for price to fall back inside
GBPJPY looks to short from this supply area in respect of a double top pattern being formed in a channel. Price declined quickly at the end of last month and started picking up to find June high.
AUDUSD displaying a double top which is best viewed on the three hour chart. We can expect price to drop to 0,6444 before the end of NY session today
After a strong bullish surge at market open, USD pairs' momentum has slowed. We can expect a reversal from here to establish support at 0,6444
For this trade, I have waited for weeks. I have been impatiently waiting fro price to break below 2.25 for a while now and finally, price breaks below 2.25 on a crucial week. I want to see price go to the moon now I am watching this double bottom on D chart.
We will find sells along the way here. A double top pattern is at play on the 4 hour chart. GBPJPY price started collapsing in the second half of May and should continue down.
Overall, OILUSD seems bearish and it is confirming the bears with this bearish flag pattern. expect price to test and break support before retracing to the supply area for the main move
As anticipated, AUDUSD and USD pairs gap up, you can refer to our GBPUSD analysis, we called it. It is too late to buy at support, the best you can do is look for entries along the way. I am seeing a double bottom forming on M30, this may offer entries for retailers.