After making lower TOPs and lower BOTTOMS Gold has apparently made a higher low which is a warning sign of reversal, especially just hours before last FOMC of 2016. Bearish tone by FED may result in reversal in GOLD and USD Pairs, offcourse.
The pair is in no man's land, RSI shows oversold in H4, It may go up for some sizable correction to accumulate enough selling pressure, here I don't mean accumulation as the pair is in distribution phase. 1242-43 may be a good sell level to give us A good R:R
The pair is testing breakout level @ 0.9800 psychological level, just below the 38.2% Fib correction (0.9820). if rejected from this level (look far a reversal candlestick), it may be a good sell with favorable R:R
AUDUSD has broken structure 0.7570 which might be tested, if tested it might be a good sell with 1:1.25 R:R 1st Target is 0.7415, 2nd target is 0.7250
Evening Star (bearish reversal) appears on point D of a Perfect Butterfly Pattern. RSI just turning down from oversold area. on Fundamental side, Inflation date came in better than expected making a strong case for rate hike in Dec 2015...
I am looking for a CYPHER pattern to complete @ 1080 which a strong Demand Zone.. 1080 may be a very good posision to go LONG ...
I am looking for completion of a potential bullish butterfly and ABCD pattern at a same point, that too at lower border of a channel...
Point C in Pic may be very important buy level at 1.272 Fibo Ext right at the bottom of the rising channel in daily chart, Pl also look at RSI while taking a long position near point C
I WILL BUY AT 1.5200 (A PSYCHOLOGICAL HANDLE) WITH SL 1.5140 AND TP 1.5400
Point C in Pic may be very important buy level at 1.272 Fibo Ext right at the bottom of the rising channel in daily chart]
Tweezers Tops + Pin-bar Candlesticks + Pivot Point + Stochastic Oversold
Rejected from Trend line/Horizontal Resistance Rejected from 61.8% Fibonacci Bearish Engulfing Candlestick The only hurdle from down is the Pivot Point
Gold has entered in very important DEMAND ZONE at the time when FED is likely to avoid September rate hike in up-coming meeting. One can sell iff price breaks below demand zone. upward target is defined by SUPPLY ZONE + 100SMA + TRENDLINE RESISTANCE.
Trend Lines Resistance, 100 SMA, Fibonacci and RSI, all are at same page, I am only waiting for a reversal candle around this level...
1. Strong Horizontal Resistance 2. Strong Trend-line Resistance 3. Candlestick (Pinbar of Doji in making)
EURUSD has been rejected few good number of times from this sell zone. Technically its a good sell opportunity..
USOIL is facing resistance at 61.70, I may be a good sell if today's candle makes a reversal candle...
GBPSUD is forming a beautiful Head & Shoulder Pattern in Daily Chart. Wait for breakout below NECKLINE...