XAUUSD is in a clear 4H downtrend, according to my analysis as you can see, I expect the price to fall in the next hours/days.
Hello traders, Im gonna do a full analysis on the Eurusd, so we can see that the price is in a clear downtrend, so we're gonna look for sells. Now we're gonna focus on this period of time where we can clearly see this huge impulse to the downside which has broken this support which now turn resistance and we want to see a nice retest on it, and if we want to...
Please let me know what you think about the analysis.
Please let me know what you think about the analysis.
Please let me know what you think about the analysis.
Please let me know what you think about the analysis.
Please let me know what you think about the analysis.
Downtrend Channel: Trendline touch, resistance zone retest, 50% fib, wick rejections, bearish engulfing candle.
GBPUSD seems to be in a downtrend channel, we need to see if it will break the channel to continue the movement to the upside.
The price has broken the trendline, now we need to see if it will retest the 50% and the support zone.
The price has broken the weekly support, now we need to see the price retest the support and the 50% fibonacci so it can continue the bearish bias.
The Price reached and tested the daily trendline and retested the support zone, we're looking for a good entry trigger.
1 - Trendline breakout 2 - Retest Support 3 - Wait for an entry trigger Bullish bias shall start (Or the price could fall even more to 50% which is very much possible and then start rising again.
The price is respecting the 61% fib level and the support zone, we need a good entry trigger to make a buy entry.
The main trend is bearish. If the price goes up and retest the support, we can entry with a quick buy scalp. If the price breaks the main support and retest, we'll make a short entry.
From the daily perspective, the main trend is going up, but the price now is consolidated, which means that it's "resting" so it continuos its main trend. The price is rejecting that support. We're looking for a long term entry.