GOLD prices has been dropping for the longest. Technically there is a shift of market structure from a bearish to a bullish after the change of character on the downtrend. We are expecting gold price to retrace to the 50-61.8% fib levels for a long position.
On CADCHF, we have a break and retest set up with the previous support acing as resistance on the downtrend which is also correlating with the 3rd touch trend line
On EURCGF, we have price making higher highs while RSI is creating Lower highs which indicates Divergence
On EURAUD, we have a break and retest printed of which we are looking to go long on this one after the candle closure
On EURNZD, price is at the support trend line which is also the 3rd touch of it so price can the tendency of respecting the 3rd touch and bouncing off of it
We are on a bearish trend on EURUSD so therefore we are only looking for selling opportunities until the trend changes to bullish then we can switch our bias
On GBPAUD, its better to wait for a pull to the support zone which was a resistance in the past for a retest
Hello traders, lets take a look at GBPJPY. Overall its an uptrend on the daily time frame and now broke above the resistance zone and retesting
Hello traders, we are looking for a possible short on gold, always trade with the trend
We have a breakout of the symmetric triangle after buyers showing weakness towards the resistance level
Hello traders, on today's market overview, we are looking at Tesla on the bigger. Price is currently approaching a demand zone which can cause price to reverse to the upside
We can see a falling wedge pattern towards the support zone which can see price going to the upside
Price gave us a rising wedge pattern towards the resistance indicating weakness from the buyers to push price higher
we are in a sell position on USDCHF, its at a resistance level and price moved correctively towards the resistance
NZDJPY has a corrective nature towards the support which indicates weakness from the sellers
EURAUD is on the verge of going to the downside after identifying a corrective price action towards the resistance.
On GBPUSD, we are seeing a potential sell opportunity on the 1H timeframe with a bearish flag
On GBPUSD, price has broken out of the rising wedge pattern and currently correcting for a continuation to the downside. We are looking at TP at the primary support trend line