KhanFx12

KhanFx12

GBPUSD is at its weekly support zone where at the closing of the last week, Bulls gained their strength after a bearish setup. Now it is ready to Go Back as the Bullish Trend has been started.

KhanFx12

The bullish setup started when the price was rejected from an uptrend support line. In the near past, the price has been rejected almost three times from the same level.

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As the whole market is moving downward and now stucked in a declining pattern, we can see a breakout at the edge followed by a retest. It's a clear sign of the bullish move

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A very easy-to-understand chart, all levels are mentioned. an trend line is acting as a support which is pulling back the price,

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As GBPUSD is already moving in an uptrend, while at the middle of this range area, another resistance appears where a breakout can be seen, A clear symbol of a bullish setup will continue.

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Yesterday Gold was moving in between a range area in H1 time frame, then that range was broken at night and again reach at 2757 which was the last higher high level and ready for big drop. As in last week rejection from the same level was seen.

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The last candle which is a pin bar is very important for this whole setup, Bulls are gaining strength against bears at the support level. As a downfall candle is changed into a pin bar which indicates that the Bulls are assembled now and want to take the market up to the next resistance area.

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A time before this move, I predicted that gold would be running in a range area, and at that time it was hitting the resistance area, now that resistance has rejected the price.

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Gold is running in a small range area where Support and Resistance both are holding the prices at their end. Now the price is again at a resistance level where it may come up to 2731.00 then chances are there for a bullish setup OANDA:XAUUSD

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As the market is running above a trend line which is acting as support for the price. now the market is facing a resistance level, where rejection is possible.

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As a trending line has been acting as support for a long time and continuously rejecting the price, again, the Price comes in the same support area where the rejection of the Price is possible.

KhanFx12

When the market price is hovering at a key support level, it often signals an area of high interest among traders. This support level can act as a strong foundation where buying pressure outweighs selling pressure, causing the price to repeatedly reject any downward movement. In this case, the support line is further reinforced by a trend line, showing a clear,...

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The market is at the support level or on the neckline, where the head and one shoulder are fully completed, now the market will complete its second shoulder. Have you ever spotted a head and shoulders pattern in your forex charts? 👀 This classic pattern could be your key to anticipating market movements! #ForexAnalysis #ChartPatterns #LearnToTrade"

KhanFx12

As we are looking at an uptrend move and the market is running in between two trend lines which are acting as support and resistance, Now the price is at its higher high level where a rejection is started as bears are gaining strength against bulls.

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The inverted head and shoulders pattern is a bullish reversal pattern used in forex trading to signal a potential change in trend from bearish to bullish. Here we can also look the same patterns.

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EURUSD is again in the same support zone where the price was rejected many times. The trend line under the price acts as support, which will help the bulls to gain strength against bears. As per the candlestick pattern I recommend it as a bullish setup

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In USDCAD, the market's price is facing a higher Resistance zone where rejection of the price can be seen in the past. The support area is also a very strong zone where the price was rejected several times, Bears are gaining the strength against bulls. A good chance for the bears to enter the market and make it a downside move.

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As we can see, the market's price is at its lower low support zone, where bulls have taken the strength against bears. A pin bar is also available at this support zone. That is also a clear sign of a bullish setup. Soon this pair will fly up to the next resistance area which is the Target.