On the higher timeframe you can see the sell-off in Elrond from 11 March 24. There is a recent bullish head n shoulders pattern on 1 hour time frame. But there's more! Apart from the big sell-off in recent months. There is stochastic divergence bullish on the weekly timeframe that commenced at the start of August and currently on the 4HR timeframe there is...
This weekly Gold Chart for XAU/USD shows the price action breaking out and above the consolidation zoned box. This imo means higher prices in the gold price during Fridays' New York Session. Trade carefully....... when price has really broken out like gold has today, always wait for a big pullback, usually on any timeframe to a 38.2 to 50 Fib level. They work !!
XAGUSD_2024-08-16_22-30-17_4c366.png Silver XAGUSD has been drifting downward in price action the past 15 hours or so on the 4HR timeframe in a falling wedge. It has recently fallen out of this falling wedge on 4hr and is turning to bullish to catch up to the Gold Price which is very strong today so far.
GBPSGD_2024-08-16_01-24-33_19b08.png A trade I am currently in, I tried to post it about an hour ago but I was told the resolution was no good. 4HR, D, W left to right. GBPSGD is yearly very bearish & has been making some strong moves north lately. I was in this pair trade the other night in relation to another bullish head & shoulders. Perhaps look for a...
CADCHF_2024-08-16_01-03-42_72725.png CADCHF is very weak on Daily & Weekly timeframes price is well below 200ema & 50ema so very bearish on longer t/f's although price is trying to jump from its very low lows yearly. Head n Shoulders setup to watch on 4hr t/f & is still about 1% further drop to neckline. May play out later this afternoon in New York...
Breakout imminent on Gold XAU-USD need to break the top of W...'neck-line' XAUUSD_2024-08-16_00-07-49_01a01.png Plan of trade: Buy the break-out of price action past neck-line. The market-makers love to pull price back before it breaks. Good luck! Cheers Chris Be aware that Silver is probably the better buy today and platinum...chart analysis. Either way lets...
XAUUSD_2024-08-13_16-42-11_f27d9.png Support on 5M chart with 20ema and 50ema. Double top on lower time frame but pushing through it. Cheers Chris
EUR GBP Break Of Structure on the short side. Possible downward price action into the support zone I have in diagram. Look for a short entry on weakness of price at a lower timeframe like 1m or 3m. Cheers, Chris EURGBP_2024-08-13_16-25-09_e4e4a.png
EURJPY_2024-08-13_14-41-33_929fe.png A lot of buying the last 15 minutes coming into EURJPY
The diagram should be fairly self explanatory. Alerts come in very handy on tradingview when trading heads n shoulders. For example set an alert near the neck-line when price action gets close. That is what I do, any questions please ask. Cheers, Chris EURNZD_2024-08-13_02-29-02_97e7e.png
EURNZD_2024-08-13_01-19-43_b06f2.png Here is another bullish H&S that you might want to keep an eye on. From memory I was shorting EURNZD in Asian trading earlier. This is what usually presents after all the selling settles. Cheers, Chris D.
XAUUSD_2024-08-12_22-46-06_73440.png XAU USA has been bullish along with XAG USD Silver today. There is some weakness in Gold right now. Possible short at top of cycle. Ideally wait for it to fall out of the rising wedge.
RETESTED ON GBP SGD VERY BULLISH HEAD AND SHOULDERS BUY-SIDE IN PROGRESS.
BTCUSD_2024-08-09_00-06-51_87596.png As per my last post on Bitcoin which showed Bitcoin's strength in breaking out to the upside today from recent zones, this breakout occurred when Bitcoin was looking very bearish with D Tops across most timeframes. Be aware of a massive cup and handle formation on the weekly chart. The chart here displays Bitcoins healthy...
BTCUSD_2024-08-08_23-16-44_69101.png The strength of Bitcoin was displayed in the past hour 8th August 2024, double tops had emerged across lower and higher timeframes, shorts were hammered around as bitcoin turned around against the selling pressure and broke out to the upside. There is a huge Cup & Handle pattern on the Weekly bitcoin chart & I think given that...
Raiden Resources RDN was pumped and dumped in 2023 on very promising spodumene (high quality lithium). The stock cooled as 2023 proceeded forwards, but on February 8 2024, there was a bullish MACD cross and as Australian institutions have returned to RDN this week its' MACD line has now crossed bullishly through the key zero line. hotcopper.com.au If you...