possible formation of a Bullish gartley with the green boxes as targets
SELL in the yellow box with green rectangles as possible targets.
SHS formation complete on 4H tf. strong EUR and weak USD. Long opportunity
Update to the XAUUSD weekly posted last week GOLD seems to be moving in a channel in an overall downtrend, CMP at lower trendline, expecting a push to the upside to form Lower High around 1330 level.
waiting see if the market will complete the gartley pattern at 131.692 price levels also a double bottom formation almost at the neckline
pair formed a double bottom (wammie formation) at 139.158 price regions. also looking for possibilities of a triple top at the 147.959 levels, might also see a last touch of the trend line and reversal to the downside.
weekly time frame approaching resistance zone. please feel free help and correct where i might have went wrong.
week closed with a bullish rally, might see formation of a higher high at the trend line around 1.34234 levels. also not ruling out the possible formation of a double top around 1.32382 levels. what are your thoughts on this one guys?
printed a hammer on a daily time frame, we might see a bearish move of the AUDUSD to form a higher low around 0.79794 levels.
broke support on a weekly chart, indicating we might be headed for another bearish week for the DXY. expecting a retest on the support after the DXY printed a hanging man, might see a minor retest and trend continuation to the downside weak USD maybe.
price action rejected by trendline at 12178, a bearish rally expected until 11900 zone. 4H
please post and comment (anything that could be of help to better my analysis)