The bearish momentum is still strong. For now, the price is consolidating after attaining a lower high according to the higher timeframes (D), and I predict a bearish breakout for this pair. My long term target is at the lower trend line thus my entry is at 1.284 and Sl @ 1.289, slightly above the market resistance zone. Entry - 1.284, Sl - 1.289. Tp1 - 1.279,...
According to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected...
According to the weekly timeframe, there has been formation of a rising channel, which is a major indicator that the price might have some bearish potential. The price touched the upper trendline twice, before retesting the zone again. The price bounced off, formed a new lower-low, then right now it is in the pullback zone. According to the chart pattern, I see...
According to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and...
The price formed a bearish pennant triangle, and the price broke the trendline heading towards a major resistance zone. If the price closes above the trendline by the end of the day, then the bullish rally may continue. If the zone offers some resistance, and the price happens to close below the trendline, we will wait for the price to retest the zone, then sell @...
According to what I see on the chart, I see a bearish pennant chart pattern ,and I anticipate the price will move to the major resistance zone at 12250. Once the market opens, I will wait for the price to maybe touch the resistance zone, and then bid for my position @ 12100. Sl @ 12400, Tp 1 @ 11800, Tp 2 @ 11500 and Tp 3 @ 11200.
The price is forming a falling flag according to the 1H and 4H timeframe. This may indicate a bullish move and the pattern needs to be completed. I predict that the price will touch the trend line, maybe bounce short a little bit before breaking and retesting it. Entry @103.5 sl @101.5
This index has formed a bearish pennant formation and has bounced from the major resistance zone. According to the market sentiment, most traders are long( around 72%), which might be a major indicator that the price is likely to go reverse of that. My prediction is that the price will move downwards, so as to complete the pattern formation ( according to 4H)...
There is a ranging pattern for this pair in the lower time frame (15 M). My suggestion is that the price will continue with the bull rally as this was just a pullback according to the higher timeframes. My entry is at 1.660, sl @ 1.654 and target is @ 1.666, 1.672 and 1.678.
The price of this commodity just broke over the bearish channel and retested the channel. Entry @ 1838, Tp 1 @ 1846, Tp2 @ 1854 and Tp 3 @ 1862. Sl @ 1830.
Currently, there is formation of a falling flag/channel, both in the short timeframe and in the daily timeframe. I highly predict that the price might break out of the channel, pullback to the fib level 0.72, then rally to 1880. My first entry is at 1837, with a stop loss at 1830 and target at 1851. My second entry is at 1854, with a stop loss at 1840 and the...
I am looking for a sell position in this trade because it has reached a resistance zone. At first I had predicted that I will enter the price just below the zone, but I realized that many sellers had put their stop losses just above the resistance zone. So my entry point is 141.8 and my stop loss at 142.3. My target has not changed, it will be 139.5. The R:R is 1:4
After a Strong rejection at 85.12,it looks like there is a formation of H&S pattern, and to complete this pattern, the pair may move to 83.85. Entry @ 84.5 - 83.85 Sl @ 84.8 R:R 1 : 2.2
After a strong bearish momentum for this pair, it may touch the support zone at 1.787, before a slight bounce up to 0.238 fib level. Lets wait for the outcome and see
After a bullish rally, which was meant to fill the imbalance created between 1926 - 1972, there may be a correction to 1942 - 1950 , since that is a major market structure and there is an imbalance created at that zone, before heading back. Entry @ 1966 - 1946. Sl @ 1971 , R:R 1:4
After a good bullish rally to 1912, there is a potential reversal and gold will move downwards towards the 0.5 fib level @ 1847. According to the 4H timeframe, there are a lot of imbalance between 1885 - 1853 thus; gaps. These gaps need to be filled to create a balance market. Entry @ 1895 Tp @ 1847 Sl @1905.
This pair will continue with its bullish trend to fill in the imbalance upto 84.0 According to the traders sentiment, many suggest that it will be bearish thus the market will go reverse of their opinion / position of trades. Entry @ 83.1 - 83.9 Sl @ 82.8 R:R 1:2.5
According to the weekly timeframe, it is a strong bearish healthy trend bouncing off a trendline since it was s reversal. The LONG wick (1W) needs to be filled. It will retract upwards a little bit then continue with the bearish move. The first set up will be when it break the fib level 0.5 and the demand zone @ 130.1 Sell @ 130.1 target 129.4 sl @ 130.3. Then...