Buying Pattern based on Moving Average rejection pattern and bullish trend. However, this is an idea regarding price movement, not financial advice. Beware of the market's ups and down and do your own homework as well before jumping into the pond. Best Regards
I have worked out and analyzed a good breakout. However, it is better to do your own homework. Most importantly, this is just an idea sharing and not financial advice.
Gold has made a Pin Bar on 22/09 and a momentum candle on 23/09. It has also rejected from Fibbo 50% of 24/09 candle. Additionally, S1 Pivot Point is at 1727. Keeping in view, sell is expected till 1727. This is for reference only, keep your work ahead and trade happily.
I have analyzed this movement in Daily TF based on Price Action.
AUDNZD long idea. Price is moving in channel and also on H4 Support backed by D1 support.
Price has fallen from H4 Support. Now, there is a strong Weekly support backed by Daily support (30 pips). I am expecting growth from this point to the H4 resistance.
This prediction is based on my strategy. I am expecting rise from these supports.