3 confirmation to sell listed below 1) Head and Shoulders Pattern 2) break and retest of previous support level now turning into resistance 3) Evening star pattern has been formed at top of new resistance
Gold has broken daily downward trend line but made a equal high instead of a higher high . Waiting for a break and retest of 1869 area for potential buy to the 1900 or a break and retest of 1849 area for a sell to 1836
wait for price to break market strcuture as drawn out then place 2 orders 1 for tp1 and 1 for tp2
Price is trading in a channel on the daily timeframe on the 4 hr we had a H and s pattern with bearish continuation waiting for a higher low to form and stay within bearish 4hr trendline for entry where sl will be just above previous resistance and tp will be where i have marked up, alot of economic news coming out on friday which i beleive will help price do 1 of...
price has made a H&S pattern on 4 hr timeframe wait for price to break support level for entry.
After alot of bearish movement XAUUSD started pushing up after the 1680 area if u look at the DXY daily timeframe there is a double top formation indicating that theres a huge chance the price for the dollar will drop, This week theres alot of red folder news on USD and on the daily timeframe for xauusd theres a double top area that i think once the news is...
I notice a possible head and shoulders pattern although price closed with a bearish engulfing last week i would like to see price reach highlighted area and be able to hold that level and then show a reversal pattern on a smaller time frame in which my entry would be a bit below previous resistance on lower timeframe and my TP would be around highlighted area...
good evening traders, GBP/Usd closed very bullishly last week and im looking for a continuation. Double bottom forming nicely and daily downtrend line has been broken support is being respected on higher timeframes,just need to wait for a retest before entering trade i think it should happen around highlighted area.
head and shoulders pattern on usdchf good potential sell positions for next week
March 5 of this year price was around the same area where it broke through resistance retested and went up to 1720.00 before any signs of resistance ,lets watch price action and see if history can possibly repeat itself for a possible buy
AUD/USD has formed a bullish engulfing candle on daily timeframe after a doji showing bullish momentum on 1 hr timeframe was able to draw a upward trendline where support is being respected looking like a good short term buy set up
analysis done on daily time frame entry should be done on 4 hr timeframe reason for sell: -daily upward trendline has been broken -lower lows and higher highs -price is below moving average -price made a double top formation at 1.40000 area -on 4 hr timeframe there is currently right now a bearish engulfing candle as well as a star pattern formation
Enter point at last known support level if price can hold level and continue upward we can buy to TP 2 and TP 3
Sell idea
easy buy price has bounced off support line
price is consolidating on the 4 hr timefram wait for price to break out of the box then enter on a smaller timeframe, easy breakout strategy
MONTHLY TIMEFRAME : PRice is on its way to psychological level of 0.80000 to reach resistance level and possibly form a triple top can also draw out a uptrend trendline Weekly Timeframe : price shows a few resistance rejection points on the way up allowing me to draw a upward channel Daily Timeframe : last week ended strong with a huge bullish engulfing candle...
Monthly TimeFrame : price is in a uptrend allowing me to draw out a trendline Weekly Time Frame : price has been consolidating for 3 weeks allowing me to use the rectangle tool Daily timeframe : Price is boncing off the bottom of rectangle which is acting like support showing that its on its way back to resistance line Other notes : where price is bouncing off...