BryceAkwo

BryceAkwo Updated 

After hitting the high of 13900.00 Nasdaq seems to be giving us a steady retracement, this could roll of all the way down to the 50% level at 13324.00 and if we see more bearish pressure we could roll down all the way 61.8% level at 13190 before seeing a bullish impulse move

BryceAkwo

GBPAUD has come to revisit the trendline for a third bounce which presented us a buy opportunity -we can see forecast price to hit the top of the upper trendline as depicted above on the analysis

BryceAkwo

GBPUSD is currently completing a final leg of the abc pattern that falls inline with a bounce of the trendline, we can expect to see a bullish push to the end of the abc pattern then expect a drop

BryceAkwo

lets see how it plays out :0

BryceAkwo

trendline retest

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Reasons for entry -61.8% retracement attached hitting -27% on previous trade -BB support -CCI oversold -macd divergence on lows

BryceAkwo

Bearish enfolding candle at -61.8% Awaiting trendline break Resistance at BB Divergence on macd Over bought on CCI

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abcd Setup target is -27%

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-36

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Support and resistance

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3 BEARISH DRIVES REVERSAL

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NZDUSD long trade idea ,break and retest of resistance now turned support

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IF USDCAD GET S BREAK BELOW THE SUPPORT GET READY FOR A SELL UPON ITS RETRACEMENT TO THE SUPPORT AS RESISTANCE

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so we see gold breaking out of our falling wedge and its next trend is a bullish one after breaking out of our diagonal resistance from the falling wedge we price heading up till our 161,8 extension as indicated by the arrow

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XABC ON THE THE HARMONICS BULLISH 5.0 PATTERN WE AWAIT A POINT D CONFIRMATION AROUND THE 161,8 FIB EXTENTION WE ARE LONG IN THE LONG TERM AND WILL SELL ONCE POINT D HAS BEEN CONFIRMED

BryceAkwo

WE SEE AUDNZD IN A BIT OF A DIAGONAL RANGE AND IT IS STALLING AROUNG A DIAGONAL SUPPORT WE COULD SEE THE PAIR RALLY TO THE UPSIDE AS IS MIGHT STALL ABIT AND TOUCH OUR YELLOW LINE OF SUPPORT BEFORE WE EXECUTE LONG POSITONS

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EURCAD HAS BROKEN OUR DIAGONAL RESISTANCE AND HAS RETRACED TO RETEST THE RESISTANCE , AS WE CAN SEE A DESCENDING TRIANGLE FORMED AND PRICE WAS UNSUCCESSFUL IN BREAKING BELOW THE SUPPORT , WE EXPECT PRICE TO PLAY OUT BULLISH UP UNTIL THE PREVIOUS SUPPORT AS SEEN IN THE CHART ,LONG POSITIONS ARE ADVISED

BryceAkwo

SO WE HAVE JUST BROKE A RESISTANCE LEVEL AND WE DO AWAIT A BIT MORE RETRACEMENTS BEFOREWE HEAD UP FOR A LONG POSITION ON THE PAIR