Tgis chart is reason why believe that CHFJPY soon will turn around and start falling
EURJPY simple wedge on 1h if/when bottom breaks, I expect it reach these simple TPs.
Rising wedge price at bottom now, 1st TP upper blue line and 2nd TP bottom blue line
Yesterday attack to US troops took Gold flying high, bow it looks like we have a rising wedge. I expect price to go down to red line to test it. But if you trade gold be very carefull, there might be more sudden moves.
Looks like US Dollar is in the nice falling wedge, but price right now is at the strong resistance level in 4h TF and price can make nice ascending triangle, but time will tell. If this wedge plays out like it use to, previous posted USDCAD and Gold ideas should go as planed, but market is pretty crazy for USD with all Iran staff going on and trade deal hanging in...
On my previous 1w chart I said that price is close to top and can fall soon, so now price is at top and looks like its been rejected. I entered sell at 1580 and will enter some more with TP around 1500-1480, thats a big range, but will see how the price acts and then I will analyse for more precise TP.
EURUSD possible inverted H&S, now testing neck line, if/when its get broken 1st is safe tp and 2nd is a bit riskier tp.
Gold can easily reach yellow line which is resistance/support level on gold 1d TF, then I will enter with sell positions with 1st tp around 1486. As my previous big gold plan goes per 2nd scenario, those who want can start sell it but with small positions only, bigger positions is safe to open at this charts top. Trade safe and good luck!
This is why forex traders need check a bigger TF always. My previous USDCAD trade idea was wrong just because I didn't look at 1d TF as we see price fell down realy hard, but now I expect a it start rise back. Otherwise if price breaks these green lines we will see 1.28** maybe even 1.27**, but will see, for now I entered another buy on this pair.
Quick gold chart, with possible wedge. Yellow is resistance level on Gold 4h TF. Pluss gold price right now is at 1st Tp from one of my previous ideas (attached below "Gold"). So price can take smaller or bigger pullback to go higher for my 2nd and 3rd TP. Pullback shouldn't be big I expect around 1510 -1500 range, but if Trump signs deal with China price...
Pretty much same wedge as the previous one, just added another trendline if we break that pink line then expect down to bottom red and blue line range. But now I entered small buy since I expect move upwards. When/if break top both TPs are still valid. Good luck and trade safe! Link to my telegram group: t.me
I expect gold to touch top red line, in perfet scenario in the place where blue and red line crosses. Then down to: *1st TP 1470 *2nd TP1460 And if all go well we touch bottom green and blue lines, but thats the area wehere it's time buy GOLD. 2nd scenario is price breaks top lines and goes all the way up to *1st TP 1515 *2nd TP 1530 *3rd TP 1550 But I...
Expect touch of the bottom blue line then up to test top, if top is broken then expect TPs. Join telegram group. t.me