overall structure is a rising wedge on a daily time frame, dropping down to one hour time we now see price is correcting after a second impulse move looking to sell on the top of of a potential rising wedge structure formation
Price formed a rising wedge structure and broke out of it impulsively and we got a correction in a form of a bearish flag. price then moved impulsively and now seems to be in a correction looking to sell on top of the structure with a stop loss of 30 pips but you can go tight as 15-20 pips if you like.
Price broke out of the triangle impulsively and now seems to be corrective with a potential descending channel coming into formation. i see gold pushing higher
Looking at the previous price action price bounced up massively from the region, with the falling wedge pattern creating i think it hints exhaustion from sellers. we might see the pound going up again. waiting for the third touch at the bottom of the wedge or if we get a breakout without the third touch we might get a chance to buy at the retest of the wedge...
Head and shoulder pattern forming at the support area this could trigger a powerful move to the upside. wait for the break of the neckline and retest then execute.
Breakout of the channel price came back to retest it went down but came back up near the entry zone and we see a bearish pinbar suggesting more selling pressure. am looking to sell this pair with two potential targets identified..
FALLING WEDGE PATTERN FORMED AND PRICE BROKE OUT. CAN WE SEE A MOVE HIGHER?? THAT`S WHAT AM LOOKING FOR WAITING FOR REJECTIONS AT THE AREA MARKED WITH BLUE LINE, ESPECIALLY WAITING FOR THE 4 HR CANDLE TO CLOSE
We see a head and shoulder pattern on the daily time frame, could we see a push higher?? that`s a possibility am counting on. i suggest the use of small lot size and tight stop loss.
Price broke below the trend line that suggests sellers are now having the upper hand.Looking from the friday close of the market the big bearish candle rejecting from the trend line hints sellers have been attracted with the area.Now it all comes to monday, if we see price has opened above the 1.7400 area the trend line will act as our resistance and the area...
Price broke the trend line, this suggests buyers are out now and sellers have the upper hand. looking at how the market closed on friday with a big bearish candle rejecting from the trend line hints sellers have been attracted with the area.Now it all comes to monday gap if we see price has opened above the 1.7500 area that will be our support and the trend line...
