Gold buyGold is making has given a rally downwards and going to retrace to that level now am baised for long in gold the reason is on daily time frame gold is having a Support i am waiting for gold to retrace back to 1910 to 1905 level and then go long as we know gold is in bearish trend but it has a resistance level on 1920 to 1925 level then 1930-33 level also its a H4 demand zone so we will be waiting for gold to approach at 1910 -1905 level of interest
Then we will be buying this pair with 1.63 of R:R atleast
Pattren
EURAUD buyEurAud is moving in an upward direction lastly and follwing its daily trendline as we waiting for the retest of this daily trendline for going Long as the wait has been over and the pair has enterd in our daily trendline zone another Confluance is 200 EMA which is also showing us a buy trend and the market for this pair is Buy side we entered early but we are getting a confirmation on H1 chart after entering that is a bullish engulfing which is forming now while i am posting this anylisis so i hope it will be a H1 bullish Engulfing and the pair returns from its Daily Support
Hope for the best keep safe ur capitals
GBPUSD Elliott Wave AnalysisHello everyone
Here's the latest GBPUSD analysis.As you can see, this is just price action analysis and you should be patient till get right candle stick confirmation.
We saw the last week movment of GBPUSD as well.This week we expect the pair to move in the direction of wave B.
good luck
Flagpole chart patternA pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Here's the bull flag scenario.