Now from the chart, the gatley pattern has been formed, and the neet neck line give us much more imaginary space. Then we can look at the left chart for the target place. The nearest support is at 0.623, which shows a wide river. It make a space of 1448 pips to win. The sl can be put above 0.646 good luck
Reason: 1`H&S pattern has been formed in 1h time frame 2`0.618 fibonacci retracement support the price well so we put entry: 1.113~1.118 sl: 1.103 tp: 1.143, 1.177
Reason: 1`the price is now at the above line at down trend parallel channel in 1h time frame 2`the supply area reached entry: 1557 sl: 1660 tp: 1650 1642
RS: 1`PA: The price has been break the neck line 2`Fibo: The 2.618 level of the last uptrend wave has been tested. It support well Entry: 1.0635, 1.0624 SL: 1.0613 TP: 1.069,1.0724
RS: 1`PA: Two bars before now has formed a star patern, which means the next Kbar will show the direction. 2`UP trend line; the upward trend of gold haven't changed 3`traditional analysis: The price has been break the neck line Entry: 1652.8 SL: 1643.9 TP: 1668.4, 1681
Wait for price action to set up Reason: 1. neckline support: The H&S style is forming.The price got support on the neck line 2. trend line :The parallel channel line on 1h time frame give us a gorgeous opportunity to set up a high RR trade Entry: 1.942 Stop Loss: below1.9395 Take Profit: 1.95, 1.957
Reason: 1. The price break the horizon line at 2.007 and back to test the support zone. We can put a limit order or buy at market price to join the upward trend. 2. Price action : pinbar at demand zone also shows the price has been supported well Entry: 2.0075 Stop Loss: below 2.001 Take Profit: 2.017, 2.022
Reason to set up: 1`The price action shows that a reversing downward trend has been formed. We just need look for resistance to short 2`Reasonable risk reporting ratio 3`Bearish bat pattern E.S.P. The entry point: We need to find a resistance to short between 1.110~1.111 Stop loss should be placed above the pinbar at 1.118 Where we take the profit? Reduce Ur...
RS: parallel channel + downtrend line SL: above TP: 1.207 1.127 1.061
RS: The previous low point formed a certain support. We can use the pin bar formed yesterday to trade. SL: 1.304 TP: 1.315 1.323 1.335
RS: NZDUSD has reached the supply area, has touched the pressure level, and the direction is probably reversed. The MACD is diverging. Price is facing callback pressure. Gartley form is formed. SL : 6.67666 Tp : 6.59 6.56 6.51
Whether the cypher pattern well formed is still a unknown thing.Let's wait and observe
The D point of the previous bat form has arrived and has supported. Now we enter the game.
As what we can see from chart, the price has tested the demand area and get supported. The potential uptrend gives us a chance to have a high risk return.Our target is at the previous high. Pay attention to the short opportunity formed by the butterfly form and the supply area in front. The current admission opportunity is at 0.618 position 121.78 E =...
R: Bullish Gatley & Cypher ,and the supply area E: 1.267 SL: 1.245 TP: 1.286 1.3