Why not? Looks beautiful.
I would prefer to Buy it instead.
I have paid attention that Double Top/Bottom pattern works really good. Let's hope it also works this time. Tomorrow new month is starting, so interesting if we see pullback and shadow of a green candle or red candle or maybe green one with no shadow at all?
Rising dynamics was lost, that's why I don't think price recovers fast. :(
You can see that I was very Bullish oriented regarding GBP pair. However, this week weekly candle looks very Bearish. I don't understand where is Bullish resistance? Why price is falling like a stone?
There is very nice ABCD has formed probably (if we ignore January's spike downside).
Weekly or Monthly timeframe.
I am not so good with Harmonic, however like this technics very much. Not so perfect Bat here, but I would prefer to make a try. SL near of C point (conservative approach) or A point (a more risky one).
Looks like price is leaving a square upside. I will make a try.
Tight sl is needed, it is high risk trade.
Looks like my previous imperfect Bat (EURCAD) is well developing. Let's look if my favourite EURNZD does the same.
It often happens that ABCD or SMA(HMA)-cross lacks of success and fails. However, when I see few Technical Analysis tools showing the same direction, I will think twice before I choose opposite direction.
I have opened bearish position in Gold however looks like it is very danger to enter any position now. But potential of ABCD with 1.618 extension looks very promising and also 44SMA is below of 77SMA forming my Bearish view.
Let's wait and see if it is an upside breakout. If it is and a breakthrough is not a false one than it could be a very good trade.
I have opened a short position in Oil after yesterday's try to long a pair. 1. A channel seems to be broken downside. We have 2 options - further falling or retest of a channel (with possible return back into it). 2. You can see old blue parallel channel which has been forming since 2015. That's why I generally very Bullish in Oil. 3. However, the channel was...
My short-term setup based on ABCD + HMA cross (a risky one because it is against of my long-term view). I will not keep long position opened for a weekend for sure. My long-term view:
Is a Tripple Top forming? Let's wait and see what market does.