The 1h chart clearly shows how the price breaks the trend line.
We can also notice a strong resistance level, at which the zone of interest was formed earlier. This area coincides with the 61% Fibo level.
In my opinion, the best moment to enter a trade in sell will be near the resistance level.
Stop loss is set for a strong impulse movement.
Take profit is...
At the moment, the situation for GBPUSD looks as if the downtrend flag and trend line are able to keep the price in the downtrend equidistant channel.
Look at the levels of Fibo correction. It seems to me that the currency pair can reach the 38% level. There is also a strong support level at this level, which is worth considering as the ultimate goal.
The trade...
On the 1H chart, the situation looks the same as on 4H.
An upward price channel, where the price bounced off the upper border and strive for a strong support level within the 38% Fibo level.
A long trade can only be considered near a strong support level.
Stop loss can be set for a strong bullish impulse.
We see that the price is moving in an upward channel.
It looks like we are moving towards a strong support level that coincides with the 38% Fibo level.
The best solution to buy a currency would be to buy a pair near the support level.
Place a stop loss below the strong bullish impulse.
The target is the upper border of the ascending channel.
Well, I thought twice before post it.
Look. We have a strong resistance level near 1831.000.
It is strong, because the buyers couldn’t push the price upper this level even after defeating the strong seller.
As for me, this situation gives a chance to sell gold from resistance.
Maybe, the strong seller is hiding on 1831.000. Who knows?
If I were you, I would wait...
The situation with XAU is not looking simple. After a great growth, gold has some problems with univocal direction.
So, what I actually mean? From the one hand, we had a strong seller. But the buyers won. And where is the great up going trend?
Do you see it?
I don’t see it.
From the other hand, we have a double bottom on the strongest support area between...
At H4 chart BTC/USD looks the same like H1. You can clearly see up going trend line, which was broken. As a result, formed down going flag construction.
As for me, the best chance to buy BTC will appear when the price go to the strong support area from 54000 to 55000.
The strength of this level is also confirmed by the Fibo level of 50%.
Stop-loss should be...
On BTC/USD H1 chart we can clearly see up going trend line, which was broken. As a result, formed down going flag construction.
As for me, the best chance to buy BTC will appear when the price go to the strong support area from 54000 to 55000.
The strength of this level is also confirmed by the Fibo level of 50%
Stop-loss should be under the strong buyer...
On H1 GBP/USD chart we have a strong support area between 1.36100 and 1.35650. Also we can see the up going trend and the broken trend line.
I mean that the situation in local looks like the price are going to support area. Also we can see that support is nearby to 50% Fibo level.
You should also see the up going flag on the down going impulse.
It is a good...
Well, look at this. What do we have? If you look at D1 chart, you will see a great up trend movement. But now the price has some resistance at 1.42000. Also we have some support area from 1.36750 to 1.35700. All it looks like we are getting close to go down. But remember from what we had start.
Right, up going trend. And I want you to see this interesting...
Well, look at this chart. It looks like we have a strong resistance level at 1.19050 which is matched with 50% Fibo level. I don't know about you, but i like to trade 50% Fibo level. But you need to trade this idea careful: we also will have a some semblance of triangle construction if the price reach our strong resistance level. But don't worry and put your...
As you can see, the price just cross the resistanse level of channel. But also we can see the zone of interest near the support line (red circle). If the price will exit the channel and go up you should wait for a best short signal I mean you need to wait price near 1.17500 because it's a strong resistance level on a round number. We also can see the Fibo level...
