Price reached the major resistance area. We can see three drive patern in 4H. Price retraced 78.6% of the bearish move made last weeks and did not hold the price above this arae. Also there is bearish engulfing in 4H.
FX:AUDUSD . . Maybe higher prices are going to touch in this currency pair, but DON'T FOMO! . . . Wait for the price to rest if you want to go long. RSI Is in overbought area. . . tell us what is your setup on AUDUSD in the comment section below.
FX:CADJPY As price touched top of the major bearish channel, major daily's resistance and also confirmed in weekly time frame.... ( big drop going to happen ) Price broke the ascending channel... ----- So we can open short position or wait for correction and retest in H1 TF . . .
OANDA:XAUUSD In daily time frame price closed below 61.8% ( price drop is possible. ) Also the trend is bearish... risky to buy ! RSI broke the trend line. ( the trend might change direction ) - -DI and +DI are crossing each others but ADX line is < 25 . ( still in range ) So it's possible for price to break the bearish channel. . On the other hand if we...
FX:GBPUSD It seems like wave 5 of impulse is over and going for abs correction waves. Also we can see RSI divergence. We can wait until New York session is over before going short. ( DEC 14th ) Our take profit is 78.6% of wave #5 and 50% of wave #1 to #5 Stop loss is pips above wave #5. . . . . I hope you like my view... Make sure that you drop down your idea...
OANDA:XAUUSD are we going to star the third wave or going to make a bullish pattern.
OANDA:XAUUSD Prices we can expect to touch if head and shoulder's neckline break. . . . As you know if the ascending trend line break in RSI... More chance to break the neckline.
BITBAY:BTCUSD Price is at the top of the weekly's ascending channel. . . . We're going to have a price correction as we found RSI divergence but not confirmed yet. . .... waiting for correction ends and going long after bullish reversal signal confirmed.
Wait until wave 4 completed and only go long if the ascending channel resist the Bears. $$$ WISH YOU LOT OF PIPS AFTER THIS WEEKEND $$$
As we can see we have negative correlation between EUR/USD and DXY ( US Dollars index ). (( Check out my previous idea about US Dollars index )) . . . Write your thoughts bellow
just now How about playing with fractals ? Drop your idea down here . . Like if you're agree with me. ......................................... (( More XAU/USD buyers if DXY continues to drop )) Check my previous idea about XAU/USD Long opportunity...
OANDA:XAUUSD Bulls power increased as price touched weekly’s ascending channel. We’ll wait for price correction. Divergence confirmed in RSI in H1 time frame.