Technician

Technician Updated 

Looks like a major topping formation, however, a breakout below the neckline of the pattern outlined on chart remains required for its completion. The 200 days simple moving average could be a reasonable target for the breakout. Best Technician

Technician Updated 

Looking for an hourly candlestick rejection as a final confirmation to short GOLD for a quick bearish reversal. The price has completed a three drives pattern at the previously broken support and potential resistance now around 1264 Best Technician

Technician Updated 

Hello friends, We have hit the confluence of 38.2 Fibonacci retracement and the 1.618 extension for the latest bearish wave. The price was initially rejected. I will be looking to short ON a break below the neckline of minor double top formation at 0.6978. We can target 0.6900 as a first target on this trade, followed by 0.6830. I will try my best to update this...

Technician

I have outlined the key areas for the pair in my view. Where i can play between these levels to the up and downside side. One potential scenario is that we approach the major support level shaded in blue starting from 76.10 to 75.60 region. I would look to long around there with lower time frame bullish setup as confirmation. If we get a break below that...

Technician

Hello friends, I highlighted the next potential support area for the pair as i see it. This is not a confirmed support as we don't know if the price will respect it. However, i will keep my eyes wide open if we reach there for a quick counter trend long trade(Wait for a rejection on the lower time frame). Best Technician

Technician

Major tug of war happening at this key juncture. The USDJPY is testing a key horizontal resistance and clear ceiling for the sideways range between 108-114.50. The recent slowdown in upside momentum might be normal at this confluence of 114.50 horizontal resistance and the long term falling trend line. However, the level could be pivotal to the direction of the...

Technician

Confluence of : 1- Prior swing low and support level 2- Three drives pattern 3- RSI bullish divergence 4- Rejection candle Best Technician

Technician

It is likely that the EURAUD is heading higher as the price has completed an ascending triangle within the context of the uptrend that started from 1.3626 major low. Best Technician

Technician

Completed a bottoming head and shoulders. Looking to trade this to the upside. Best Technician

Technician

Another dip lower is likely. EURGBP was rejected the 50-days simple moving average, and completed a minor double top pattern. Look for a retest of the main rising trend line. Best Technician

Technician

A possible trade on the GBPAUD if the head and shoulders neckline breaks. I would NOT assume that the price will go down and short it before a breakout as the whole scenario is based on the completion of the head and shoulders. Best Technician

Technician

We could see another bearish wave within the context of the falling wedge pattern and towards the main long term rising trend line. As i explained in my youtube video, always wait for confirmation on the lower time-frames to trade your outlined possible scenarios on the higher time-frame. Best Technician

Technician

I have been looking for this move higher in my previous post here . So i was thinking how trade this for a new long entry. I would be looking to long the pair again if we get a pullback. So i have outlined on chart some potential scenarios in the context of my overall bullish bias. Best Technician

Technician

The pair has completed a double top formation after retesting a major key resistance level and getting rejected. Looking for a move lower as illustrated on chart. Best Technician

Technician Updated 

Gold has been trending lower in the past few weeks as the FED hasn't been as dovish as the market has anticipated following the weaker than expected economic, especially inflation numbers... The market has also ignored the reckless rhetoric between TRUMP and North korea's "little rocket man". However, I believe this correction is about to end given that there is...

Technician

Following up on my recent ideas of eurusd long and gold long and usdchf short ...Looking at the us dollar index chart, it also confirms that we are at potential reversal zone and a key trading area. We are testing the top of the channel and the horizontal resistance and key high at 12012. As i mentioned earlier, we need a fundamental/economic catalyst to...

Technician Updated 

Pending Short at : 0.9795 ..... T1 : 0.9653 ... T2: 0.9478 ..... SL: 0.9883 ... Risk: 2% For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is...

Technician

Looks like the AUDUSD is testing first key support and resumption level following the earlier multi-year bullish breakout of the triangle pattern. 0.7800 level is the prior swing low and could signal the end of the pullback. As triangle breakouts are usually followed by a pullback phase before resumption of the initial breakout. If we break this support we will...