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Still on track; Coin flag Pt 3This will be my last analysis before I write my exams, the bullish plan is still in place after this bear run. This plan includes a:
-Bearish descending triangle
-bullish flag
-cup and handle
That support is the only thing keeping the price from plunging, I trust it'll suffice
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CADCHF Sell opportunityIf you don't want to buy AUDCAD, consider selling CADCHF, since they mostly move relative to each other and selling pressure is significantly higher on this pair.
Again we see a broken trendline, ascending this time, awaiting a possible retest. We also see the presence of the 61.8 Fibonacci level that could also present a temporary support, even though I believe that the price has already reacted to the level and will continue downwards.
Overall sentiment is bearish.
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(excuse the money triangle)
AUDCAD Buy opportunityAfter a recurring descending trendline breakout and obvious bear cessation, the price hit a powerful support made visible by a double bottom.
Another descending trendline was also broken awaiting a possible retest whereby I will place my long position with a Stop below a secondary support not far from the trendline. However, if there is no retracement I will look to place my long positions above the current target/resistance.
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EURJPY BuySorry I'm a bit late on this one, this is an excellent inverse Head and shoulders with some more pips left to collect before it reaches the vital support that became a resistance.
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GOLD Bear rally over? In the analysis we see a breakout AND retest of a descending trendline and we see the presence of a clear, inverse Head and shoulders, indicating that the bulls are back.
Another indication would be the continuation of the bullish trend on the Daily chart. Targets indicated.
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My arch rival I'm starting to have a feeling that the short-term timeframes are more effective in predicting GOLD movements than the larger timeframes, so consider this analysis.
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The Coin flagThe trend continues in this bullish flag with a another triangle encouraging bearish movement within the flag, awaiting another bounce upwards.
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EURUSD Buy Inverse Head and shoulders pattern with entry at the neckline.
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