The market seems to be consolidating but after using patterns and chart analysis I forecast the market being bullish for a Swing Trade.
EURUSD is currently consolidating but it seems that the market will be dominated by sellers and will be a bearish trend. Using the 4HR Time frame and the 1HR timeframe, I speculate that this trade is a swing one rather than a day trade.
The market is reflecting the inverse cup model pattern and it could indicating a bearish run for the meanwhile in the market.
I see Gold being bullish for the short while as the trend progresses towards the bullish side.
Gold has been bullish for the past day but the week charts display consolidation. Gold is showing signs of being bearish.
There a bullish trend and the sub-trend is also bullish.
I see consolidation at the moment but there is a high possibility of a continuation pattern, specifically a bullish flag pattern appears to be occurring in the upcoming minutes. (15 Min) Provide positive feedback on the this idea.
As the market is consolidating, there is a bullish trend and based on the technical analysis, there is going be continous consolidation until there is fundamental factor(s).
OANDA:XAUUSD The market is currently consolidating but i see it being bearish as we go further within the NY trading session. I see this trade as a more of a swing trade opportunity than a day trade one but as liquidity and votality influences the market, only time will tell. Positive feedback on my setup will be appreciated.
I see the market being bearish for a while as the H4 Timeframe indicates a downtrend and the bar falling below the support line indicates it would be a good idea to go bearish
I see the charts going towards the downtrend channel pattern , whereby we will be expecting it to go bullish in the later but for the time being, it would be wise to scalp it as it is bearish for the moment.
I see the pair going bullish run by the end of the week and preferably , would swing trade the pair despite expectations/forecasts of the FOMC.
I see the cup and handle pattern on the charts , which gives me the idea of going long on the pair.
scalping opportunity rises as gold is in a bullish trend and knowing that gold is known for trending, this could hit TP.
The pair is not being clear regarding whether it will have continous false breakouts and finally be on the bearish / bullish run .
I see a bearish flag in the charts and see the pair going on a bearish run.
I see the falling wedge pattern in the charts and this could be a bullish run in the market.
I see the pair being bullish but this seems to be a scalping opportunity