As you can see on my chart I’d just like to update that there is also a nice clean ascending channel!
I’ve seen a few ideas circulating that NZDUSD is bearish! For me this is not the case and I see bullish potential to the area around 0.6000, why? 1.If you check the 4h chart you can see a strong level around 0.54 (support in this case) it has been tested multiple times, there is also another strong level around the 0.6 area (resistance in this case) 2. Price...
So I’ve seen a few posts about AUD/JPY claiming it is in a bearish! I disagree and here’s why 1. If you check the 4h chart you can see a strong level around 94.4 (support) it has been tested multiple times, you can also see a strong level around the 95 area (resistance) 2. Price on the 1 hour chart made a false breakout on a short term trendline but If you...
Oil is currently at a key support/resistance level, wait for a breakout of its zone and trade
So here traders as we can see gold has broke the downwards trend line and created a nice support level for us, I suggest waiting for gold to retest that support level and take your trade from there, you can either set take profit at my risk to reward ratio which I suggest or the red resistance line, good luck traders!
EURUSD has broke the down trend line and created a nice support, once we see a candle retest that support we will make an entry, to the either my risk to reward ratio or the resistance depending on how you want to make the trade 2 ways to make this trade 1. Wait for a retest of the support (safer and more confirmation) 2. Make an entry now (risky) Good luck traders!
Here we can see oil had been trading in a downtrend, but then it formed consolidation which tuned into a bullish flag and as you can see on the chart it has broken the bullish flag pattern and I can see it going up to the next resistance! Target 101.57 Good luck traders :)
As you can see here AUDCAD had formed a falling wedge pattern and has broke out the pattern I predict a long position to the next resistance (this is not financial advice and only opinion based)
Here as you can see USDJPY has created a fallen wedge I predict the price to go down to the next resistance (this is not trading advice this is an opinion only)
Here on the DJ30 it has crated consolidation and a double bottom I predict it will go up to the next resistance line.
As we can see here on the hourly chart SPX500 has created consolidation and formed a double bottom, I predict it will go up to the next resistance (I am new to this and this is not financial advice just an opinion of mine)