- Probable Bullish Gartley Pattern formation. - 1.7220-1.7190 is a fresh Demand Zone. - If it creates Double bottom on that zone on H4 or if the daily candle gives us reversal price action signal then you can enter as buy. - Tp would be at the 50% retracement of X to A leg.
price made an impulse move downward and then completed correction. now that it has broke the bearish pennant, wait for sell entry after confirmation. And target is till next swing low.
EURGBP is below a strong weekly resistance and created a very weekly bearish candle. my view is sell. after it breaks the upward trendline on H4. or it might create H&S or Double top before it falls.
Probable Harmonic pattern Recently it created a double bottom @ 131.90 zone it might complete the harmonic pattern before going long buy. we can take a short sell entry at 135.70 and target is near 133.70
- Below Supply zone - after trendline breakout - wait for sell confirmation
Here's my analysis on GOLD - ABCD pattern - Waiting for BUY signal in Demand Zone
wait for an hourly candle to close above 1.0840 which will confirm a minor uptrend and target is 1.0980
-Double top -neckline broke -after retest and confirmation -sell
- Structure : downtred - Below previous resistance - Wait for confirmation => SELL
- Previous level of resistance broken - Above resistance - High Bullish pressure - after complete 50 or 61.8% retracement - wait for confirmation => BUY
- Near Resistance Level - Descending Triangle pattern - wait for breakout and confirmation => SELL
- A potential FULL Flag formation - if close above the channel high, confirms the breakout the bull flag - if close below the short ascending channel, might expose 1.3750
- Minor downtrend - Broke previous lower low - Short sell
- Below strong Daily resistance - probable upward channel formation - Wait for signal => SELL
- Wait for a breakout on a side - it could continue it's uptrend if it breaks above 1.2485 level - or continue downward