based on the trendline, the price will continue upward in the coming days.
gu will go down. the price has reach major TL resistance and has engulf in lower tf. a prominent retracement will push the price downward
another beautiful retracement. The price has yet engulfed upwards and is still gaining strong momentum to go down. Through trendlines, we can clearly see it's a major downtrend. In addition, the candle showed a clear engulfed in day 1. #inevitable #short
i have rechecked my analysis, and i realised i turned a blind eye on the major DT. Now this is my final analysis. GJ will drop. The DT is still valid. there isn't any clear engulf of it going upward. Therefore a DT is valid.
at the moment of time, we can buy GJ. it made a beautiful retracement and is currently UT. so it'll be a safe trade. no loss. #inevitable.
theres a downward breakout in H4. a clean one. Then it created an opportunity for price to retrace beautifully at the yellow zone. A short trade in the yellow zone will be rewarding. #inevitable #sell #intraday
once the price engulf against the current minor trend (uptrend). Then a short trade is absolutely valid. You can check out my previous analysis to see how I analysed GBPUSD since last month predicting it will continue its path going down. If it fails to engulf the red line, then we have to wait a bit more and have a look to see wether it is still a valid short. At...
GU has finally risen to the occasion. It's time for GU to make a decision. Up or down. The price is at the base. Through the trend line, it is still a downtrend and has yet engulfed upward. Hence the possibilities of it going down are endless. My aim will be a swing short trade for GU. We will see in the coming hours/days whether my analysis is right or wrong. ...
looking at the TL and base, i see it as a perfect opportunity for a long trade. the analysis from before is now invalid.
we can see that via trendlines the price is going to go up. the current trendline is uptrend. and if you have a look at the monthly time frame, the candle is moving upward. and through some more analysis at lower time frames, the yellow zone I marked is a suitable entry zone for intraday and swing traders.
at the moment all signs from the TL and the trend itself shows it will go down soon. however the price needs to go up for a short while then continue going downward. so up then down.
through the trend line we can see it is still an uptrend. usdcad is making a retracement at a beautiful base. its a beautiful opportunity for usdcad to continue with the uptrend. we will see if it goes up or it will start a downfall.
from the gann analysis and other factors. It is a beautiful opportunity for gj tp go up.
going downnn badd. noway its going uppp. GU wantttsss to go downnn
price will go up. usdcad at the moment is telling us it will go up. #inevitable
a beautiful retrace is set to happen soon. will it be another success?