Gold Long, breakout of daily resistance and retest. Hourly is bouncing of 50ema
GBPAUD long term sell, maybe 3500 pip drop over the next year. On the weekly time frame its formed a channel after a very big impulse to the downside. Its in a clear downtrend therefore i believe this weekly channel will break down from around the area its at now. On a closer look a smaller 4 hour channel has formed which price is at the top of and has also hit...
Bullish trend continues, Broke out of key resistance and is near the retest area.
Gold had a mental rally and has now formed a reversal structure. Even if it continues to rally up it should still hit our target first. Support broken, resistance retested.
I am not entering a sell from my previous idea anymore i think this could do another leg up to the 0.618 then impulse down.
Nice channel forming after impulse down, bearish structure on lower time frames. Target bottom of channel
Forming triple support inside wedge, should be the foundation to break up and out
Hey guys this is my trade idea on AUDCHF. It has hit a strong weekly resistance and has formed a double bottom, the 4hr candles are now above and retesting the 50EMA suggesting this will be a true double bottom, i think it'll break out of this current area, retest and then bounce up to our target.
Selling USDCAD from this area as double top forming and 1st peak retested a long term channel zone. 1st target is conservative and will be looking to keep entering sells with relevant entries past the target.
Looking to enter EURAUD if it reaches the bottom of the wedge again. The entry also lines up with daily resistances now turned supports.
Has hit a large support on a much wider time frame, there was a bullish movement above the resistance which should now act as a support for another bounce up. There is GBP news at 9:30am to be aware of.
As expected from my previous idea there was a flag formation and breakout which has just been retested. Buy from here in my opinion
AUDCHF has hit a strong support and is forming a slanted head and shoulders on a smaller time frame.
This week i've made 20% on gold buying 30EMA hits followed by engulfing candles. Yes its easy to make money in trends if its just keeps on rising however i also made money selling a few smaller time frame double tops. I think the bullish move will continue after forming a flag or if that breaks lower, when price reaches the 30 or 50 EMA on the 4hr chart and has a...
On the weekly/daily time frame GBPAUD has been in a rising channel of which i'm expecting price to drop off from, there has been loads of good EMA rejections therefore signifying this should be the turning point for the down trend to continue. 4hr 50EMA has had a nice rejection and so has the daily 50EMA. On the 1hr chart 30EMA hit is where i entered and in a good...
GBPJPY has hit a support that held on the 4hour candle time frame in the colossal drop that occurred a few months back, this level should see a healthy bounce up to our target. There is GBP news at 9:30am England time therefore i might look to move SL or close the trade before the release.
Has hit resistance multiple times and the day candles are indicating a reversal.
Testing downtrend line after breakout, has hit EMA, should close above downtrend line