GBPUSD is technically in an UPTREND, with price trading above the MULTI-YEAR resistance since 2015, we've this ascending FLAG that we had August monthly candle close above, we are now having a retest of the upper bond of the ascending FLAG which drenched to the 61.8 Fibonacci of the impulse move that gave us break above the FLAG. It worth to know we had Friday...
Price is technically in a downtrend with several lower lows. We now have this sort of range bound market on the 4H chart which is what i'll be working with until price break out of the range bound zone. We have price trading below the BEARISH FLAG, with an ascending WEDGE also formed below it, it also worth to know the resistance zone of the said ascending WEDGE...
EURUSD is clearly technically in an UPTREND trading above the MULTI-YEAR WEDGE pattern, also with August monthly close above it.. We now have this ascending FLAG formed up above the MULTI-YEAR WEDGE, with the lower bond line of the ascending FLAG acting as support since 20th of August until now.. My bias is still very much BULLISH on EURUSD as we have Thursday...
Price is getting rejected from the overall weekly picture downtrend line, with last week close PIN-BAR and we almost have same on the monthly candle until it will close at the end of this trading week. We've price close on weekly basis below the down trend-line.. with an ascending FLAG in place on the 4H chart. I will be looking out for a break below...
Price is technically in an UPTREND trading above the multi year WEDGE PATTERN, with buyers holding the zones with several retest at 1.1700 A monthly close above this zone will set price higher for UPTREND continuation. For now, we did had a weekly close above it as we will find out this new trading week maybe will have a monthly close above it or below the zone.....
On the daily timeframe we've price trading inside a CHANNEL holding sine 2016. We also have a BULL FLAG inside the CHANNEl with this significant zone of supports and resistance at 106.05 zone. we've a weekly close below this zone.. I will be looking out for a break above 106.05 to set price higher exposing 107.50 as possible target, or sellers to hold price...
Price technically in an UPTREND trading above the long holding CHANNEL or big BULLISH FLAG , the daily timeframe will give you a good picture of that. We are now have another retest of the area of resistance turn support at 124.80 zone. I will be looking out for possibility of buyers holding this zone to set price higher possibly targeting recent high or above...
Price technically in an UPTRED trading above the long holding CHANNEL or big BULLISH FLAG, the daily timeframe will give you a good picture of that. We are now have another retest of the area of resistance turn support at 124.80 zone. I will be looking out for possibility of buyers holding this zone to set price higher possibly targeting recent high or above the...
Price is in an overall downtrend with a descending triangle holding since 2016 and also we have this ascending wedge inside the triangle, we've a resistance @ 140.00 been rejected about 3 times.. Since price is still trading below this resistance i'll be looking out for a BEARISH FLAG to set price lower to the lower bound line of the ascending wedge, targeting...
GOLD is clearly in an all time uptrend with a weekly close above it all time high from 2011 @1918.00, to retest the zone twice, i find out that the zone of retest with rejection also align with 61.8 Fibonacci zone of the first retest rejection swing low to swing high after breaking above the 2011 all time highs. I think buyers been able to keep hold the zone will...
Price is technically in an uptrend while still trading below the long holding descending triangle that has been forming up for years, price just get to a resistance zone as double top formation, a reversal action in this zone will set price lower with 136.70 expose as target or next level of support. While a break above with retest holding will set price higher...
GBPUSD is technically in an uptrend under the overall downtrend in the big pictures., we've price trading above this ascending wedge while forming up another ascending wedge at the resistance zone of the long holding overall downtrend, a break below or above this ascending wedge will tell us the next direction. If price break below then 1.2600 zone will be...
EURUSD is technically in an uptrend, trading above the BULLISH FLAG, and also above the multi year downtrend line.. We've price consolidating in a range bound zone between 1.1700 and 1.1900. A break above will set price higher with 1.2500 as target, while a break below will set price lower to 1.1350 zone as target.
Price is technically trading inside the descending triangle forming up, also an ascending wedge forming up inside the descending triangle.. I will be looking out for more upside with possibly deep retracement to 136.70 zone with rejection or continuation setup. With this, we can look out for short trade first, with any BEARISH FLAG.
Price is technically in an Uptrend trading above the long holding BULLISH FLAG with a number of resistance turn support holding.. I will be looking out for reversals to those zone with rejections for more upside around 124.26 and maybe a deep retracement towards 122.80 zones.
If you've been following my page, you'll noticed i've been talking about this BIG SELL OFF on CADCHF for weeks now, this is just a follow through of what we've been experiencing and expecting more of it.. It worth to know the behavior of any pair you seems to trade the most with ease.. We've had a number of patterns repetition on CADCHF that turn out to break...
Price got rejected from the upper bond of the channel, with a double top reversal pattern and also a BEARISH FLAG on the 4H chart, a break below the FLAG will set price lower exposing 68.15 as first target and further move below will expose 66.20 zone as next target..
Price is still trading inside the channel on the weekly big picture, with a number of reversal patterns confirmation in the upper bond of the channel, we've two weeks successive pin-bar and weekly close inside the channel to think about. I will be looking out for more downside if sellers can clear the 0.8793 to set price lower exposing 0.8570 as target as the...