Here is 1H chart for the possible movement of XAUUSD / GOLD The pattern will be confirmed if XAUUSD / gold makes new high at 1718,23 The target will be proportional with the flag about 2700 -2900 (depends on the time it will breakut) point Set loss at the lowest candle inside the flag at 1711,13 Risk Reward Ratio of 3,83 is really good
What an unexpected incidence that the thin support able to hold the sellers view. Simple analysis, i will buy 2 fractions above yesterday close. Stop Loss under the support and take profit near the resistance.
#ASII made breakout on resistance level 4290-4370 Next resistance is around 6000 ish level.
So you're missing the wave to trade gold, where should you re entry? 1. Gold / XAUUSD is on its bull trend, with the new swing high (A to B) 2. Because of that, open for long / buy trade is much preferred 3. I use Fibonacci Point A to B 61,8 - 78,6 for the entry 4. Target is on 127 1769 - 1775 and next is 168 1799 - 1805 using Fibonacci point X to A When will...
Recap from my last analysis on UCAD / looks like the resistance for falling wedge is too strong for now (yellow line) , while other pattern is already formed and active. Expect that rising wedge is broken (orange line) and now is a good opportunity to take a short bearish trip to the next target.
This is a short term analysis for bull movement on USDJPY . Even if there's down channel resistance, it's possible that this flag pattern will through it. USDJPY possible to retest the 108,5 level. If you want to follow this strategy, i give you guide for the SL and TP. Hope this analysis goes well.
USDCAD currently is in consolidation phase with Falling Wedge Pattern potentially already formed. Breakout on resistance trend line (orange line) might be the signal for long opportunity with the pair.
I'm anticipating for short term bullish movement for XAUUSD to 1732. Three Drive Pattern will be confirmed if it is moving for the final and continue with correction to 1694 area.
I believe most of traders already anticipated this patter. So do i prior to my last analysis this might be the start of gold bullish movement to retest the 1800 level. For swing trade, i'll take long because of this pennant breakout until it reach 1800 and we'll see what will happen next.