Back in August I posted a Descending Broadening Wedge setup where we were at a potential bottom and today it would seem that we have successfully broken out of said wedge and back tested as support and are looking to finish the measure move that will take us to a minimum target of 1.77. If you look on a timeframe like the weekly we have potential to go all the...
do wnchannel wit a MEGAPHONE in it makes teh most sense to me. Leave y'all hanging over the weekend!
Here you go. got rejected. also rsi over bought. bearish 1H needs cooling
And so, as predicted, Gold is feeling the strongest pressure from the US dollar. There is no need to wait for indulgences from the American yet. The instrument will clearly return to the support area 1723 - 1740. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDUSD is breaking out of the Descending Broadening Wedge Pattern. Breakout of descending broadening wedge pattern could indicates the possibility of bullish movement ahead. The momentum indicator already...
And so, in the area of the level 1.15890, the price most likely intended to consolidate. But the selling pressure is not being eliminated so far, and the instrument would continue to fall further, to update the lows further. Ahead, the target is the level of 1.15300. The Euro may be supported only by weak news data from the US, but this is unlikely. High-energy...
Following the results of today's meeting on the RBA monetary policy, the head of the Central Bank F. Lowe has presented an accompanying statement on monetary policy. According to the statement, the rate will not be raised until 2024. Analysts predict that the economic expansion of Australia would continue in the near future, after a series of measures (for...
..well at least to me it does. This is weekly chart on USAS but wow.. this looks like a deal. I believe we'll see this one over $11.00 in a few years. I believe this to be a very good value.
And so, the current situation is in favor of the sellers. The price exit from the descending channel most likely turned out to be a false breakout. Sellers will press on the levels 1758.250 and 1749.400. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, GOLD, as usual, most of all feels the pressure of the US Dollar (in this case). This is the specificity of these two trading instruments: the weakness of one is the strength of the other (in most cases). So this time, GOLD is falling, and it is expected to fall more. An approach to the upper border of the support area is planned today. Remember, there is...
Platinum bullflag formimng nicely, ticking the notches Looks good for the platinum stonks
And so, the pound is also feeling pressure from the US dollar and continues to fall. At the moment, there is a high probability that the instrument would fall to the low of last week. Most likely, the minimums would be updated. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Moving toward 1800 is expected for gold. In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days! What Is a Three Outside Up? The three outside up is three-candle reversal patterns that appear on candlestick charts. The three outside up is a bullish candlestick pattern with the following...
And so, the EURCHF pair remains SELL-mood. However, at the moment some weakening on the part of sellers has been recorded. Thus, it is expected that the instrument would correct upward. It is not recommended to keep BUY-positions for a long time, as the mood is bearish. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
This very stylish, bullish megaphone has some seriously quick upside once Fibonacci 0.618 is penetrated hard. #btc #bitcoin $btc #dogecoin #dogearmy #DogecoinToTheMoon #doge #ether #ethereum #litecoin #gold #silver #platinum #xrp #ripple #tether $coin $mstr
Well, as we know, today is the last trading day of the week and the price was fluctuating in a downtrend ... we have to see if the price can break this important X-Point resistance with starting the next week or not ... now the price is in There is a strong resistance range ... If this resistance breaks, we can expect to climb to $ 1787 and then to $ 1805. If...
EURCHF was approaching 1.07 in August, but lately the pair has moved higher and was briefly above 1.09. Some analysts expect to see EURCHF at 1.11 in 12 months. It may be realized on high eurozone CPI. Proposed deal for this tool: Entry Point - 1.07883 Stop Loss - 1.07657 Take Profit - 1.08108
And so, an upward impulse was showed yesterday. For today, it would inspire bullish sentiment only in the short term. It is too early to expect decisive action from buyers. The main support remains at the level of 1723. Also, the support area may now be 1740 - 1747. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.