Good morning everyone! Following dxy closing out of the flag, we are waiting for more confirmation for it to break below 92.95 If broken , we will have confirmation of more bears for this bear flag to confirm and continue. Cheers and stay safe!
Hi all traders, Morning. Im waiting for the price to move towards either of the grey box before me to buy and sell this pair. So be patient on this trade. Cheers everyone!
Hi all traders, Morning! This is daily updates for dxy. As you can see from the dxy, we might be seeing a potential bear flag. If we were to break out of the trend line , we will see potential downwards movement, any further low , previous week low must be broken to further strengthen the bears on it. As usual, any buy for dxy must be only above DAILY...
Hi all traders. Gold on h4 is showing as a potential inverted h&S confluence with 200ma with rsi pointing in the upwards direction. With so many confluence, the possibility of a strong move upwards by gold is possible. If neckline is broken , we will see some bull strength and for further confirmation, trend line must be broken.
Im still expecting USD weakness to continue until the trend line is broken as shown in the picture. Any buy will only happen if it breaks the 200ma and hold above it, otherwise, i will still continue to sell usd.
Hi traders, im looking to sell for this pair. Broken trend line - completed Hunt for stop loss - completed im looking as an AB=CD formation and im looking to trade this pair till we reach 1.1217.. U can take short scalp trades for this pair till we reach the above mentioned level.
On the h2 tf, we are seeing a build up of strength to break the 108 area. I have a buy limit order to trigger at 107.383. If it doesn't trigger, i will be watching the trend line to be broken for more upside movement. Cheers!
Im expecting EURJPY to make an inverted H&S before more upwards. For now i will be looking for entry once broken trend line towards the neckline of the potential inverted H&S before next leg down to form the right shoulder before for more upside. Will update the chart as the day goes. trade safe.
Referring to the chart, we have seen a breakout of the trend line/breakout of bull flag on the daily TF, so there will be a continuation of the upside for GBPJPY. This is what we call as a AB=CD formation. Continue to add buy position for this pair till we complete the ab=cd. Thank you!
This pair have reach an important resistance area, we might see a potential of H&S formation especially when the left shoulder have been form. We will see if this pair break the trend line, if it does, then this will confirm that the sellers are strong on this and also a potential of AB=CD formation. So continue to play this range until we have a confirmation of...
this pair has broken below the neckline of the descending triangle. Shall wait for h4 or h1 to see if there's any retracement, if yes, proceed to sell down following the next wave of line drawn
We shall wait for a potential break of the Year pivot point and even better a break of the MPP for futher downwards movement to MS2 Daily Timeframe, we are looking at the 61.8% retracement. With USD going weaker and Oil going for potential lower, this pair is gonna be heavy on the bears.