XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area.
unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips.
but it is what it is this is apart of trading , there will be more opportunities in the future.
anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area.
here are our bearish clues :
- dollar still too strong
- the head and shoulder formation
- Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone
the breakout of the neckline will be our confirmation.
also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold .
this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
Setup
SILVER BULLISH DOUBLE BOTTOM FORMED Hello traders so XAGUSD Formed a Classic bullish reversal pattern the double bottom
so we might expect a bullish reaction.
OUR BULLISH CLUES :
-the price formed a double bottom on a key support level (M30-M15 TF)
-RSI BULLISH DIVERGENCE
the breakout and retest of the neckline will be our confirmation .
leave a like and follow if you found this helpful i post weekly setups and signals on my tradingview .
this is not financial advice just my humble opinion.
XAUUSD : Short Trade , 1hHello traders, we want to check the XAUUSD chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to maintain the downward trend of the price and cause the price to fall further. If the price falls, the first target will be 1914.500. If the price can break this level, the second price target will be 1905.800. Good luck.
Capitalizing on Bearish Breakout: Ideal Selling Opportunity 📉🐻We've got an enticing EUR/USD setup on the 1-hour timeframe that deserves your attention. Here's the lowdown:
📌 Technical Analysis Highlights 📌
📉 Bearish Breakout: After a period of range-bound trading (or a bearish flag, depending on your perspective), the price has decisively broken below a key support level, which has now flipped into a formidable resistance. This signals that bulls have been trapped, allowing the bears to regain control. The trend remains bearish
📈 Price Action Insight: With the balance tipping in favor of bears, I anticipate an escalation in bearish momentum, potentially leading to a sharp price drop. This presents an optimal entry opportunity for selling.
🎯 Trade Strategy 🎯
Given these compelling technical signals, it's time to consider a short position on EUR/USD. Look to enter the market with confidence.
📉 Take Profit Targets 📉
1️⃣ First Target: 1.06650
2️⃣ Second Target: 1.06250
3️⃣ Ultimate Target: 1.05900
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
Under Armour has posted a double bottom.Under Armour Inc - 30d expiry - We look to Buy at 7.05 (stop at 6.71)
Posted a Double Bottom formation.
6.97 has been pivotal.
7.00 continues to hold back the bears.
Bespoke support is located at 7.00.
Dips continue to attract buyers.
We expect prices to stall close to our bespoke level (7.00).
Our profit targets will be 7.90 and 8.10
Resistance: 7.65 / 7.88 / 8.00
Support: 7.36 / 7.20 / 7.00
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USDCHF to unshackle from the corrective channel?USDCHF - 24h expiry
Broken out of the channel formation to the upside.
Short term bias has turned positive.
A later dip lower was met with further buying interest and prices settled higher to post a positive day.
A lower correction is expected.
We look to buy dips.
20 4hour EMA is at 0.8862.
We look to Buy at 0.8862 (stop at 0.8834)
Our profit targets will be 0.8932 and 0.8952
Resistance: 0.8903 / 0.8925 / 0.8950
Support: 0.8881 / 0.8865 / 0.8840
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GBPAUD BuyThis Pair has much potential to become a Buy setup and hit around the 1.99000 area.
The previous Daily candle was a Break of Structure for the 4-hour timeframe, but we'll know to buy if it closes above 1.97282. (As is doing as I'm writing this.)
I'll get on this trade after it closes so I'll probably wait an hour, we need a solid close.
SL would be around 1.96666(spooky)
TP would be 1.98250
NZDJPY : Short Trade , 1hHello traders, we want to check the chart of NZDJPY. The price is moving in a descending channel and is pulling back to the specified key level, as well as the trend line of the descending channel. If this level can maintain the downward trend of the price, we expect the price to fall to around 86,300. Good luck.
CHFJPY : Short Trade , 1hHello traders, we want to check the CHFJPY chart. The price has broken the uptrend line and pulled back to the key level that the price has reacted to several times in the past. If the price cannot break this level and can stabilize itself, this area is a good place to enter a sell trade. We expect the price to fall to around 164,500. Good luck.
USDCAD : Short Trade , 4hHello traders, we want to check the USDCAD chart. The price has broken the ascending channel to the bottom and is pulling back to the specified key level. If the price cannot break this level, it is a good entry point for a sell trade. In case of a fall, we expect the price to fall to around 1.35000. Good luck.