It formed big inverse head and shoulders which followed by small inverse head and shoulders which confirm the up trend. Another confirmation is it also break up the resistance (neckline) of the small inverse head and shoulders.
Dollar index is consolidating and forming a triangle. For day trader or scalper we could focus on selling USD as it's on its high.
OIL will rally after breaking up the triangle. Will buy after it's pullback to the demand zone. TP could be more than what we have in the picture.
Let's jump on the train after the pullback of gold to 618 area which is also the demand zone for gold.
Buy XAUUSD on 618 area which is also area of retracement after the ABCD pattern formed
GBPUSD is expecting to go bearish at its top position after formin bearish divergence. It's expected to move down to the 618 retracement level
EURUDS forms a Bearish Divergence in Daily chart. MACD line also crossed down the signal line. It's time to sell EURUSD and grab some pips for your Christmas Gift.
EURUSD will fall after broke down the wedge and broke down support which is now acting as resistance. It will retest the previous resistance which is also the trend line before finally dropping further to at least the major support.
GBPUSD formed a head and shoulder pattern and broke up the importance zone. After breaking up that important zone sellers are coming in to take profit. It will start to rally after it touch the demand zone at 618 area
Gold will rally after touching demand zone which is also the 618 fibonacci retracement. It will rally all the way up to the resistance level and find new direction.
EURUSD: Short The retracement of the last impulse to the downside had reached the 618 area. After breaking down the structure and the trend line in 4H chart, it made an impulse movement to the downside which also confirm the reversal trend. Price will retrace to 618 area before it continue going down.
XAUUSD: Short Gold had broken down the neckline an retest the 618. It created a small double top in 618 area and moved to the downside breaking down the support. It's now retracing upside to retest the neckline before continuing the bearish movement. Look at price action on the neckline and 618 retracement area. It can directly go bearish after retesting 618 or...
XAUUSD: Long Price will continue rally after forming bullish flag and breakup structure in 15 minutes chart. Target price is 618 retracement of Daily chart
USOIL: Short Price in down trend. Broke down previous support and pull back. Create double top in resistance zone. Time to short
EURCAD: Long Price forms a cup and handle pattern. Watch daily price which potentially close above yesterday high and form a bullish engulfing pattern. Place Long when today's bar forms a bullish engulfing pattern.
USOIL consolidates after a huge rally. Price is now pressed upward creating a triangle formation. Yesterday daily bar showed a pin bar with a long wick. Price will most likely move upward. Wait for the confirmation for price to breakup the resistance, and take Long entry when price pull back to the support area.
Gold touched the 4H trendline and 200MA which acts as support. Price broke up previous resistance and create a pin bar
EURUSD: Long. Price is in up trend. It retraces to the support and trendline and forms a bullish harami