EdgarsFX

EdgarsFX Updated 

1st. I see H&S pattern on USD index 1d chart which is testing it's necline now. 2nd. We had pretty big GAP when gold opened, which closed just right now. After these two I'm expecting gold will go back up to this day high (pink line) if we break it next stop on MT4 is 1605. Thats prety high jump, but if USD H&S wil work it that not even the highestwe can go. Good luck.

EdgarsFX Updated 

Long time no see! So this looks slightly different than on my MT4, but idea is clear. I have a buy limit at that bottom blue line with TP all the way up to horizontal pink line. On my pont of view that green circle is a fake break out, following the news that day, (Don't remember which exactly.) Hope this is helpful, good luck!

EdgarsFX Updated 

So since my last post about DAX has been throwed in the gutter, only right thing was this chanel, which turns out to be HUGE possible bear flag. I'have pending sells on all three pink lines Tp around 11 500.

EdgarsFX Updated 

So I believe that the breakout on wednesday was fake. So no we are back on trace for my TP. Right we have hit the fib 138,2 level and on my MT4 chart is big gap on 30 min TF and twoo gaps on 15 min chart. So I expect it to go up at least to close that gap on 30 min and I'll oen some more sells up there. About my previous post, was bit scared when saw price jump so...

EdgarsFX Updated 

That fib levels have been drew on 1 month tf, we been rejected at fib 50 that one sign of the sell, Then we see that possible blue lines are making wedge where we almost tested bottom of it with those two Black lines called bear flag on 4h, right now I see only one way how this could be wrong, that bottom red and upper blue line are making simple chanel, and we...

EdgarsFX Updated 

We have a nice falling wedge on 30 min, and also a small head and shoulders. My previous post with that rising wedge with TP 1.118 is still possible, this one is on smaller timeframe to take previous one on bigger time frame as a priority. But if this 30 min wedge is right, then we can go up to 1.144. Good luck.

EdgarsFX Updated 

Green trendline mach on 4h timeframe, we see nice rising wedge on 1h. Blue trendlines shows us that big chanel on 1D timeframe, I believe that most of those who follow EU know about what I'am talking. So about market at the moment we are on top of EU daily chanel and I believe that we are finally moving to top of the wedge, so I expect small break to top before...

EdgarsFX

I'am expecting EURUSD to retrace up little bit, to the main fib levels 78.6, 61.8 and 50 will see from wich level price will fall further. My TP still is around 1.12500.

EdgarsFX

Nice rising wedge, price is now testing lower trendline. Right now is a nice place to sell with TP around the red line 1,12500

EdgarsFX

Head and shoulders pattern. possible down to 1.122, not 1.12 like shown in chart

EdgarsFX

Possible head and shouldrs, with possible tp 1.12

EdgarsFX

Possible head and shoulder on EURUSD. Possible down to 1.12

EdgarsFX

Simple like this. we are on a support level on 4h timeframe upper green line, where I'am seeing a nice bounce back up, but if that green line doesn't hold we are heading more down to the 2nd green line but if that line also is broken we go all the way to the red line, in big term thats not that much because we are in the zone of 40 pips, either way if one of...

EdgarsFX

Updated my gold chart. It bounced back up between fibo 50 and 61.8 level, just touched upper line of the chanel, better seen on 1h. I believe it can go up to fibo 127.2. but will see.

EdgarsFX

My previous post was short for gold. But now I have redraw the chart and I see a Bull flag forming on 1h and 4, it's hard draw it right on tradingviews chart because my brokers 4h candle closes in different time. but if bull flag is right we may see Gold going up to 1260, maybe even today.

EdgarsFX

We had a fake break out of the chanel in 4h time frame caused by NFP on friday, now we are back in it, price has been rejected from key fibo 127.2 and now price is testing bottom of the rising wedge. Since JOLTs today was little lower than the forecast it's still higher than it was previously, so I'm not taking it as sell for dollar. We can also retest that fibo...

EdgarsFX

We had a fake break out of the chanel in 4h time frame caused by NFP on friday, now we are back in it, price has been rejected from key fibo 127.2 and now price is testing bottom of the rising wedge. Since JOLTs today was little lower than the forecast it's still higher than it was previously, so I'm not taking it as bearish news for dollar. We can also retest...