I'm monitoring this current movement to see if a short opportunity presents itself. We currently have a counter trend line in place and retracement is reaching high levels near supply zone / 88.6%. As always, I will await entry confirmations before going into a trade. Like us on Facebook: facebook.com/profusionfxofficial Follow us on Instagram: ...
4 Hour Lower High forming. In a nice down trend at the moment and anticipating a test of the daily demand zone at the bottom after hopefully testing the 4 hour supply before dropping. Expecting good long opportunities once daily demand zone is reached.
Monthly higher low off a well respected monthly key support / resistance level followed by an engulfing candle.
Monthly higher low off a strong monthly support / resistance level, and an engulfing bullish monthly candle.
Break of the Trend Line after testing a monthly support level. H4 Higher Low forming now. Looking for the right opportunity to jump in based on a smaller time frame entry. Cross over of the H4 8 and 21 moving average.
After a big daily double top formed and broke the neck line, gold has come back up to re-test strong weekly resistance level after a break of a well tested trend line. There's a very strong level of confluence in the current price area for a sell with multiple trend lines intersecting there at the same point as weekly resistance.
Gold has put in an evening star/engulfing bearish monthly candle on a well respected weekly resistance level and 4th touch of a trend line.
We've got a very obvious head and shoulders pattern forming here with a clear cut ABCD pattern in play. Good trade opportunity for a few days to reach the trend line which also lines up with a 61.8 retracement on the larger swing. Expect smaller retracements in the shorter time frame likely with their own ABCD patterns playing out inside providing extra entry...
Market has reached a daily resistance line and an intersecting daily trend line inside a price reversal zone. Highly likely Evening Star Bearish Candlestick Reversal Pattern forming. TP's are set to 38.2% and 50% FIB Retracement Levels.
Market has broken out of a downtrend it was in since April and broke the trend line. It has now broken out of another weekly trend line with potential to paint past it. IF this happens it may be an opportunity for a BUY.
Market has been trending upward since May. It has broken out of its trend down it has been in since mid August. It has also broken past the neckline of the double bottom it formed. Will look for a re-test of trend line then BUY.
Break out of trend line has occurred. Waiting on re-test of trend line. Stop set safely above both upper trend lines. Low risk trade.
NZDCAD Reversal has happened and an established down trend in place. First pull back complete and now just waiting on confirmation of trend continuation.