UnknownUnicorn789863
BULLS times, there's also divergence. Up we go
On the daily chart, a Bearish Gartley has formed and a close between 1.272 and 1.618 would validate a bearish Gartley.
A break below the support structure would give confirmation to a downward trend, as the USD is strengthening, we would highly anticipate Gold to go down.
Currently the AUDJPY is at a retracement point, to test the level of 0.382
On the EURGBP daily a falling wedge has formed and the price broke above the resistance trend. On the 4hour it has confirmed a break on our resistance trendline, i have entered into a buy position but you can wait for a retest on previous structure with target at previous resistance structure of 0.86400 stops at 0.85112.
A break above our resistance and below our support would move the same level from our uptrend pennant which 50pips, either a break above or below...
As you can see the neck line is broken from our head and shoulder, lets go short.
A retest of previous support which is now our new resistance, then after that move the market is to continue making lower highs and lower lows
A lets wait for a D completion at 0.786 then buy
Wait for a D Completion and expect buys at 0.786
Previously i shared analysis on this pair on a 15minute chart, and it got triggered and took profit at target 1 on 0.382 now am waiting for a retest on the resistance and a continuation to the level of 0.618.
On the XAUUSD 1hour a bullish rectangle has formed, a break above the resistance trend on would confirm a break to the upside but a good entrance would be after a retrace to the previous resistance structure. Same applies if it breaks to the down side.
A nice AB=CD pattern has formed on the USDCAD 1h a break above the extension of 2.618 would invalidate our pattern, stops should be above the 2.618 level. Our first target would be the Fib retrace level of of 0.382 thou a break below the level of 0.382 would send us to our 2nd target of 0.618 since 0.382 is our previous resistance.
On the daily a falling wedge has formed and the resistance trend is about to be broken, on the 4hour it is breaking above the resistance, a close above the trend would validate an up move in this pair since an ABCD has been formed. 1st target would be previous resistance structure. Wait for a restest of previous resistance which would be our support.
On a daily chart, it shows a complete bearish Cypher, within our cypher there is a rising wedge, a break below our support would validate a reversal to the downside.