From my previous trade idea posted here, gold hit our target without a pullback because of high volume which entered the market this week after further analysis, i then noticed gold was forming a flag pattern on the weekly timeframe and a flag pattern usually means continuation if gold breaks the flag pattern to the upside I would be expecting bullish reaction...
After further analysis by myself and my team, we noticed that there was actually a flag pattern which was formed on higher timeframe. this flag pattern has been with a daily candle which closed bullish engulfing. Major resistance on 1.65239 has also been cleared. We would be waiting for a candle closure above 1.66010 alongside a retest for further confirmation...
flag formation is a huge continuation pattern and the fact that it is forming on weekly timeframe means we will be expecting a lot of bullish momentum if the daily and weekly timeframe breaks and closes above the flag pattern if this happens, I will be waiting for a pullback to continue the trend to the upside trading community coming soon
After usdjpy flagged on the monthly timeframe, it then went on to trend about 4000 pips upwards. After this huge momentum to the upside the market has tried to catch its breath with a minor pullback. I will be anticipating a deeper pullback if the market closes below the present resistance which it is at. after the close, the market would have then formed a...
euraud is overall bullish the market is currently pulling back to area of value to continue bullish trend ill be waiting of break of daily counter trendline going long to the next area of value tell me what yall think and if you have anything different drop me a follow trading community coming soon
Audusd is overall bearish. We are just having a range below our poi{point of interest which lines up perfectly with 50% Fibonacci zone.
pullback into area of value to continue bearish trend