Missed my ideal entry but enterd anyway since price is not far from it, which is actually a mistake but then this is one of my favorite setups. Price breaksout of an ascending channel and after an impulsive drop, then form a continuation pattern.
Another sell on GJ, after the drop, price moved correctively and formed a continuation pattern (bearish flag, which is now broken.)
Price formed a flag after dropping impulsively. The flag is a continuation pattern signaling the continuation of the downtrend.
My analysis on XAUUSD, I'm expecting the price to drop. I'm already in in. Let's see.
I think i got my entry. The price couldn't make the 3rd touch rather it formed an inner flag which is now broken. Down we go!
My Gold prediction. The price is moving in a correction and is trying to form ascending channel/Flag. I'll be looking to sell at the 3rd touch of the channel/Flag or at the break of it.
I'm expecting Gold to drop when/if it breaks the ascending channel.
AUDCAD made a 3rd touch of a bottom of an ascending channel and correctively formed a flag which it is about to brak
GBPNZD breakout of a very tight correction/flag after breakingout of an ascending channel.
GU about to breakout of a descending channel. The price is now correcting before the break and it formed a bullish flag which another confluence.
I will be looking to short GBPJPY this week. The price is in ascending channel (reversal pattern) and already made 3 touches on the upper part of the channel, now we waiting for the break. also it formed an inner channel/correction which is another confluence.
Price dropped impulsively after making a 3rd touch of an ascending channel on the higher timeframe. it then correctively formed a bearish flag (continuation pattern) signaling a continuation of the drop. I'm now anticipating it to continue dropping.
My first trade of the week, AUDCAD short. price breaks of of a bearish flag, which is a continuation pattern, I'm expecting the price to continue dropping lower.
I'm expecting Gold to reverse and start dropping this week
XAUUSD Weekly Topdown analysis. I'm expecting it to drop after making a 3rd touch on an ascending channel/rising wedge.
After ranging for over a week, GJ broke out of the Range this week, retraces, and it is now retesting the support zone, which is now a resistance.
After long rally, USDJPY retraces and retested a support zone. It is about to continue it's rally, DXY is Long as well.