breakout + cup and handle forming = long besides, it successfully sustain from teh major support at the bottom there. follow the SL and TP given above, you'll be doing good.
Expecting a good week on indices next week. Oil to continue rises, now reaching it's resistance zone , as long sustaining the trendline, then should not be an issue to trend higher next week. Gold expecting a short-term surge toward the resistance zone (red zone), if fail to breakout, then can look for an short opportunity , else can long above the red...
Expecting a good week next week, GOLD to dip further and oil rising. USD/JPY to continue it's upwards movement, and short-term pullback on GBP/JPY and EUR/USD.
Expecting Oil to continue rises once breakout from the crucial resistance region and gold to continue falling after a spike testing the nearest decent resistance. Still no sign of weakness on GBP and EUR. we saw some weakness on USD, but expecting it to be short-term.
reasonable trading plan for swing trade. bullish triangle is found in daily and weekly TF, many support spotted at the range from 50-53, and keep trying to break recent new high in the latest candles charts. Note: The price has been traded from the lowest (within 5 years TF) at 26 since 2016 to the highest at 73 at year 2018. and it did not appear lower lows...
GBPJPY inside wedges, if broke the support trendline , possible a major pullback take places. Looking for short opportunity at collection region. EP: 140.20-140.10 SL: 140.55 ( ~40 pips loss) TP 1: 138.70 (~50 pips gain) TP2: 137.70 (~150 pips gain)
macd and rsi shows super strong bull, expect another bull will keep going before retracement. overall, it is a bull and the long term trend (weekly & monthly chart) is going to be all the way long till the resistance line mentioned in the chart. good luck guys.
crude oil trading set up for 17/10/19 TP and SL are as per chart.
Sell when it meets resistance (the trend line), but cut loss when it happens to go above the resistance zone. target should be the green area, or long term swing trade can aim for lower than support zone. overall, EUR is weaker than GBP based on this chart.
as per FIBO and harmonic chart pattern, it is a LONG BUY, 8050 is the final target. we shall see a quick fall / rejection at that area.
red circle area is the major resistance, 55.5. So the oil used to skyrocketed and water-falling after passing through the level. it is not an easy level to break, but it has 4 supports (yellow circles) at the bottom, created a strong base to prevent a further falling. Now, a flag pattern is spotted, uptrend is expected to be continued, as long as the bottom lines...
read the indicators, read the charts, everything is telling u the same thing: SHORT SELLING BEGIN MACD, RSI, FIBO, PITCHFORK, TRENDLINES.... but where to stop selling? as stated in the chart, there are 3 levels of supports. it should be supported, unless the economic situation has a 180 degree changes.
Global indices looking healthy technical wise, gold weakens and oil showing sign of rebound. Expecting bullish movement next week . USD/JPY going upward as well.
Now moving inside wedge pattern, awaiting a breakout to know the next major direction of this pair. As of current if sustaining inside 131-130.55, it's good to collect and hold, else SL below this region. Turning it into a short position towards 130-129.54 region. Else, can maintain the long position from 131 towards 132.15-132.50 . Do take note today there are...
GBP USD Testing the support trendline, for further upward movement, we want to see it breaking above 1.233 to see it moving higher, else expecting a pullback to take place sooner, where breaking the trendline we can change to a short position. Long position EP:1.230-1.2310 TP: 1.2370 / 1.240 CL: Below the trendline (1.229) Short below 1.229 towards 1.222
as per analysis last time, the retracement in gold is continuing after pull back to 1519. 1. up trendline broken 2. 1503-1507 recent key support level broken
ascending triangle + strong support @ 7515, good formation for another round of bullish.
7754 is the key level to decide where it should heading to, south or north. while the latest candle rejected the lower price and hence bounce up to maintain its main direction. higher high can is likely to be seen in the near future, then the collapse may begin from there