Short term upside Long term upside
GBPAUD is currently in a bearish channel on higher timeframe. - Potential ABCD - Break of red trendline incoming - Respecting the 78.6% retracement - RSI overbought
WTI is currently in a long term downtrend, this might be a small correction before another impulse wave down on longer time frames (4h/1d).
After this small correction we are heading towards a higher high.
Hi guys, I would like to present to you this educational trading method that was adopted by Rayner Teo-1.72% . ( search him up , he is a great trader and mentor ) Basically the moving averages act as a support and resistance levels and can indicate an ongoing trend , you can use them to time your entries and ride the trend. Keep your SL trailed alongside with...
2 Possible PRZ spotted that may indicate a potential Gold's topping.
For those who are not short on silver yet then now is the time.
Indication of a market retracement. Possible bullish abcd move at 78.6 ( 38.2% fib completion )
Before you jump ahead and short , look for the price action at the 0.618% level , very important.
- Harmonic wave movement. - Fibonacci levels in play. - Beautiful bearish structure.
Possible structural trade , keep an eye out.