I can see a clear ABCD. This will be a 300 pip move. RSI is oversold.
Seems to me that Gold has completed my prediction of head and shoulders, even in a slightly different angle. Considering the fact that is heavily overbought I am thinking that it's going to drop in the next couple of days, will confirm my signal after the news tomorrow.
Ok, so I am expecting a 200 + pip trade in the next couple of days (next week). Few reasons to go short. 1. If we look at the daily candles there were multiple shooting star candlesticks, but all of them couldn't break because the EXY was waiting for the news today. 2. The news came as expected which gave EUR some strenght, BUT as we can see on the daily chart, we...
Ok, so clearly gold got rejected on the weekly resistance, and now on a daily chart formed a shooting star. What I do expect is to form another shoulder and then continue it's movement down.
As I called yesterday it got rejected from the resistance and now is going to the 1310 mark before retesting and going even shorter.
Market didn't succeed in closing above the resistance, so going short again.
Ok, so I expected the bullish move due to the breakout of the cup+handle pattern, but it went a bit out of control - should've stopped earlier, but again, banks got to make a living. Personally I have placed a trade with 100 pips stop loss for 900 pips profit, but will see how it goes. RSI is way overbought on hourly, 4h and daily. Williams is indicating...
I've been in this pair for a swing trade for more than 3 weeks now, and finally I can see it's downtrend.
I've been holding to this trade for a long long time, and now it's doing what it's was supposed to do - DROP.
Looking at this pair, I can determine that it will continue moving in it's tunnel respecting it's retracements but will wait for the next retracement before entering. So far it broke the 61.8% fibb level, so now we are looking for the 50%. The dollar index is near a support level, so expecting a bounce back after a small drop, will take the bull retracement for 50...
Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far. Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME! 1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end...
NZDUSD broke the trendline, and got retested, I think it's a good time to enter a Buy now! Looking for some easy pips!
The pair got rejected on this support level, so my expectations are to do what it was supposed to do a long time ago - GO BULLISH! RSI is oversold as well.
As all other JPY pairs, this is going for a longtime low, expecting rejection on the support line and enter for a long bull move.
Respect the trendline and wait for the rejection from the support line.
Expecting a double bottom, and then a long bullish move. CHF Index is about to drop as well and AUD index becoming stronger, so that's another confirmation for the move.
AUDCAD Has shown growth in the past few days without signicifant retracement.RSI is overbought so I do expect rejection and retracement for 70 pips, before going up again. Although, market has been acting crazy recently so make sure you wait for the signal before entering a trade!
GBP NZD moves in a pattern and is approaching the demand zone. Watch out for the Buy/Sell.