Xag-usd Long Setup With Bullish Pin Bar
Look how identical is the market moves inside the 2 boxes!!!
Test and fail of the downward trend line, as well as 2nd test of 50 Fib level, indicated a valid short entry. Price breaking and closing above/below any of the trend lines would mean that this setup no longer valid. Good sell opportunity until 1.4800
After a downtrend from Dec 12th and hitting a support at 0.7170 the period of consolidation has started. Watch for a test of 38.20% Fib level.
Expecting to see the result of the trade no later than third week of January.
It had been bearish for more then a week and I witnessed a short term resistance trend line ( Orange ) forming since yesterday and if it breaks through that expect a rally on the upside and maybe hit last weeks high in the long term . Text in green is my take profit area.
Favouring continuation long on the weekly but this one sitting on a very nasty price point following bearisch divergence?
Hello traders UCAD is at the top of the TL. Will be shorting. Let's see what happens! Happy Holidays! :D
Expecting a pullback to the 61.8% retracement, before heading to the 161.8% extension. Continuation of trend. Stop behind the swing and a resistance.
Some predictions for the future setups. What do you think about possible Head and shoulders pattern, if price hit 1210-1200?
Xag-Usd Buy Trend After Rounding Bottom Breakout
AUDUSD failed to break new highs. It formed a double top and now it has a potential to move up to the .618 fib level for a 2618 completion for a further downside.