Hello traders, XAUUSD has been on a bullish run for a while now, I would be expecting a sell today creating a huge wick to the upside of the wedge. A nice wedge formation from the pair and it has done a nice bullish induction above the wedge, I expect a drop soon.
Hello traders, I see a possible sell trigger for AUDCAD soon.... AUDCAD broke the weekly resistance zone now consolidating above the zone obeying the trend line as well which signals more bullish induction....Constant consolidation above the zone forming a wedge shows that price is about to pull back from the bullish ride....If the H4 TF should form a wick above...
Happy Sunday traders, I see USDCAD having a potential buy setup though it could have a slight pullback before the break out...
GBPUSD has been on a bullish trend for a while now, well I think the sell today could be just a bearish induction.... I would put a buy for GBPUSD now with TP above the yellow resistance zone... Traders share ur views on this
EURJPY created a nice bearish trend on thursday/friday off the high of the resistance zone without trapping liquidity above the zone..... I think the break out of the bullish trend zone is a nice pullback from the bullish trend. S/M bearish continuation would give a perfect entry for a buy on Tuesday which continue till it breaks out of the weekly resistance zone.
Hello traders, I see gold having a slight reversal off the all time high very soon.... A little bullish induction, respect of trend line and then the break out.
I am looking for an objective sell trigger on GBPUSD....Obvious bullish momentum on H1, price is also currently respecting all time resistance zone, a slight break above the zone would give a nice buyers induction (liquidity zone). I expect a pullback after few hours of consolidation above the zone.