Happy New Month Traders Market Opens in few Minutes time Above is the outlook on Gold for the week
GBPJPY is in an up trend but seems it about to break the trend line .our main focus is on the bullish flag being formed, if price break above the flag we buy but if it break below the flag we sell
The pair is in an uptrend and has broken out of its consolidation/correction phase, forming a bullish flag. This suggests the uptrend is likely to continue. We're watching for a potential retest of the broken structure around 0.59276, which could present a buying opportunity.
The pair is in an uptrend, having successfully broken through the daily trend line and completed a retest. I'm anticipating a second retest around the 162.450 level, which could form a double bottom 'W' pattern. If this pattern confirms, our target would be 165.205, with a stop loss set around 162.034 to manage risk.
GBPCHF is a correction phase after a great impulse , lets patiently wait the price to make a retest on the broken bearish flag for a potential sell opportunity
AUDUSD left the bears behind after breaking down trend and the sellers zone. It is currently in a consolidation phase and forming a bullish flag, if price eventually form double bottom we will look for a buy opportunity
GOLD seems to have bounced on a strong zone, it has been trading inside a bullish flag which is a strong bullish signal. The overall bias is still bullish as there is no good sign of bear movement yet the trend is still up in 4hr and daily time frame .
SOLUSD broke out of falling wedge in 1hr time frame. Meanwhile, it portrays a strong bullish bias. nice buy opportunity is possible if the analyzed scenario unfolds .
GBPUSD broke daily trend line and price is forming a bullish flag on the 4hr time frame. if price eventually bounce on the new 4hr trend line ,we look for a buy opportunity .
LINK BTC is having it's way back to the support level, it is making a retest after the break of trend line Price might create triple bottom which is a strong bullish signal.
GBPJPY is trading inside bullish pennant, the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere. If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
GBPJPY is trading inside bullish pennant , the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere . If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
Two logical scenarios are possible here, price can test the resistance and bounce back to retest the the pennant before continuation or break the resistance and continue upward movement.
EURUSD broke out of up trend and the down side of a pennant . though the sell might not hold for a long time but it portrays a sell signal
ALGO portrays a bull structure, most alt coins are currently correlating with bitcoin. Price broke out of bullish wedge which is a strong bull signal . We hope for retest of the wedge and upward continuation
LINK broke out of consolidation phase . IT also broke out of downward counter channel and 15.27 resistance level signaling a potential upward movement. If price eventually break out of the main channel ,the bullish trend will hold.
Ripple is about to fly to 3000.00. strong bullish flag spotted
GBPAUD broke a trend line , it is about distribution phase . Calmly waiting for the retest of trend for a potential sell opportunity.