#CHF_JPY price action just landed safely on the Weekly support (Demand zone), plus Fibonnaci support 79% level and took-off to form a reversal candlestick formation (Bullish Pin bar), heading to the first weekly resistance TPs! _____________________________________________________________________________________ Recommendation: #LONG @ 108.400 #TP1 at...
XAU/USD probably hit wave 5 within the next move. (Medium-Long term strategy)
@ALibaba ----> Check the graph
#EUR_USD just break the #Inverted_Head_Shoulders reversal pattern neckline at 1.1640 , and now #FIBER most probably will head to north within the next couple of trading sessions/days up to 10 days to hit TP targets of the #IHS at 1.1825 & 1.1865, before retrace back to the main #Weekly H&S pattern targets around 1.1200, 1.1000 & 1.0850 within the next couple of...
#USD_CNH just formed #Bearish #ShootingStar reversal candle on the #Weekly timeframe with a long wick that implies for a reversal signal for a wave of short positions coming to drag spot PA from 6.85 to our TP targets and key support levels at 6.70 & 6.58! While #CNH #Renminbi appreciating against #Greenback , #GOLD #XAU_USD will accelerate to the upside to gain...
EUR/USD successfully formed Head & Shoulders pattern on the Weekly timeframe and now patience is the key till price action break the neckline and 200 EMA. *In case PA broke below 1.3445 successfully, then a revisit to the same resistance might occur before the big plunge to the H&S formation targets at 1.1040, 1.0870 & 1.055 !!!!!!!!! *(Expecting to hit TP...
USD/INR on a key resistance and most probably reverse!
EUR/GBP at strong resistance and reversal price action is most probably!
USD/CAD H&S pattern, where PA retest neckline resistance and the arrows shows the possible direction of the next move and the targets to be achieved!
XAU/USD still didn't show a clear path, but I would suggest on the Medium-term to accelerate back to 1300s! But for me now I will wait and watch because there might be a bit of room to the downside to go to drop till 1242 and then hike back in case no breakout confirmed! (That's way I will be extra cautious)
For me I won't touch XAG/USD till the breakout confirmed either ways!
I think next Monday, it might retrace back to 0.88100/00. Double confiratiom of decending trendline along with the Daily bearish candle!
GBP/JPY Facing strong double resistance (Fibonnaci retracement + Daily ascending trendline) It is time to SHORT now with realistic small spread from SL and a freaking wide +1500 points of profits to be collected!!!!!