GBPUSD chaisng the long term trend line now. Todya it broke the 4 months support @ 1.2668 and hte sentiment is exploding to the buy side, so last push to wipe out the longs before looking for a new cycle.
A parallel downward price channel with steeper trendlines and a steeper trend channel can potentially signal a strong Buy trade opportunity on EURUSD. The condition for this opportunity to trigger is if the price successfully hits and breaks through the major support level at 1.0637. 📉 This breakout could pave the way for a favorable risk-reward ratio of 1:2.3,...
📈🔍 #TradingAlert #XAUUSD #TechnicalAnalysis 🔮 Keep an eye on the intriguing triangle pattern shaping up in XAUUSD! 📐💰 After a remarkable 3-day uptrend, it's essential to anticipate a potential pullback from the upper trend line. 📈📉 Is this the final stop hunt before hitting the upper triangle trend line? 🔥 Opportunity knocks! 🛑 Consider a smart selling move if...
The precious metal is showing signs of an intriguing squeeze within a meticulously formed 4-hour Triangle. Our focus lies in a potential short position, anticipating a breakthrough to the downside. Here's why: 👇 📈 On the daily timeframe, a compelling triple top pattern has emerged at the significant level of 2072. A signal of possible downward momentum. 🕒...
The GBPCAD has encountered significant resistance at 1.7140 after gaining momentum from both the major long-term trend line and the steeper trend line. This situation presents favorable conditions for initiating multiple short entries. Currently, at market is at 1.7140, and I recommend placing sell limit orders at 1.7160 and 1.7180. The target take-profit level is...