KiBeCh29

KiBeCh29

Does this descending channel still have enough steam to push price further down? by the looks of it I believe it is still possible.

KiBeCh29

Gold hit the 1453.40 level for the third time on Friday before that huge move up to 1466.30 forming a Triple bottom formation. Now it is retracing to retest 1458.00. we will be going long at this level if it gives us a raison gud enough to engage.

KiBeCh29 Updated 

Let's trinna keep it simple

KiBeCh29

Looks like this pair only has one direction to chose from. Could it break above that major level of structure? watch for proper price action

KiBeCh29

GBPCAD Going Long

KiBeCh29 Updated 

Price could just continue its way further down or take a lil break towards 1.46400 and creating a LH. If price makes it back there then we will be going for a short position until 1.45600-500.

KiBeCh29

We looking at a bullish rectangle and a rising trend line formation with major resistance at around 1.30030 and major support at around 1.28030. A break above either of those major levels will drive the pair further in the same direction.

KiBeCh29

Good potential sell setup.

KiBeCh29

After testing 1450.71 for the second time, could we expect a 1,2,3 move on Gold in the near future?.. Considering that the descending trendline had been hit 3 times in the past, it could be very unlikely that price would crash back down after hitting it again if price DOES make it back there. a break above it thus a continuation could be very possible. #PatienceIsKey

KiBeCh29

3 possible scenarios at this stage: 1_a W formation then a brake above 1.10540 for a further push up towards 1.11500...2_a lil push up for a touch of the descending trendline then continuing down to 1.09437 and 3_a straight crash further down towards 1.08967.

KiBeCh29

Are we looking at a potential Double Top pattern formation? or could price break above that major level of structure and push further up.

KiBeCh29 Updated 

After what seemed like a gud sell opportunity yesterday when price reached the area around 1.7120-450, price kind of fooled us all and broke above it. Now it is doing what is looking like a retest of that zone. Could we assume that price wants to continue up and probably towards 1.72490?

KiBeCh29 Updated 

This is a beautiful setup for a sell opportunity looking like a H&S.

KiBeCh29 Updated 

Unless by some miracle it breaks below the support and takes a ride down Otherwise, this is a nice long setup.

KiBeCh29 Updated 

Price is in an overall uptrend move.However for now we can expect a little retracement to the down side for more strength before resuming its up move.

KiBeCh29 Updated 

Lets wait for a touch of the trend line and see how price reacts to it for better confirmation. #PatienceIsKey

KiBeCh29 Updated 

The bears are still in control of this pair.. However we can expect a lil push to the upside before the down move resumes.

KiBeCh29 Updated 

the bears are still in control