Looking for the market to complete Cup Pattern
Looking for the market to push to 0.68800 before pulling back down to complete double tops on the hourly time frame. Looking for both a short sell taking profit at 0.68150 and a long sell taking profit at 0.67300.
We see Bitcoin operating under in a bearish market forming a C & H ( Cup & Handle) formation. We are estimating that it will continue on the downside with Feds looking to cut rates on Wednesday.
We see gold forming Cup and Handle formation on the 4 hour time frame. Looking for it to push to 1490 to complete the handle before pulling back to 1550. If it breaks the barrier 1490 we could see the long sell.
We see prices operating strongly within support and resistance key levels 97'13'1 and 107'28,9 respectively. We see the market looking to form Double Bottom on the daily timeframe. Looking for a change from bearish at 97'13'1 setting our target for a buy to 105'00'0 with Trailing Stops to 107'00'00.
We see NZDUSD forming Head and Shoulders on the daily timeframe. It is important to note that the Feds Interest Rate cut on Wednesday October 30, 2019 will affect the bullish after the right shoulder forms. There is a possibility of a strong pullback on Wednesday however capitalizing on the buy from 0.62700 should see traders in the clear with some profits. Always...
We see gold bursting out of a bullish descending triangle heading for 1550 before plummeting under pressure on October 30, 2019 when Feds Cut Interest Rate for the final time for 2019. Capitalizing on this traders could use trailing stops (moving Stop Loss above Take Profit) to secure some profits. The link below helps to understand why I predict gold pushing up...
We see gold bursting out of an ascending triangle heading for 1550 before plummeting under pressure on October 30, 2019 when Feds Cut Interest Rate for the final time for 2019. Capitalizing on this traders could use trailing stops (moving Stop Loss above Take Profit) to secure some profits.
We see a bullish trend on the pair. Though there are hiccups along the way the market seems to continue climbing the beanstalk.
Seems the strategy works on selling pairs and also pairs that are less volatile