Right now we need to wait and see if the price breaks the trend line and continues it way up or if it makes a false break and goes down. I will wait and see if I can make an entry to the long side.
for this one right here as you can see it has the tendency of to reach the level where the line 1 is and then continue until it reach the level near line 2 to make a change of movement, therefore I believe the price will continue its way down until line 2.
the price needs to reach this line before we can start making up an idea on where the price might go from this point on. so we need to see if it will break the zone and continue its way up or just make a retest on the zone and go back down to touch the main trend line.
GOLD... lets see how it behaves. it needs to touch either one of the 2 lines,. we just need to be patient.
We need to keep an eye on this zone because the price can either break the zone and continue its way up or make a change on that same area and come back down.
I still believe the price will go down to the main support line at 1.12 but before it goes down will make a false break to the upper side. Just wait for the best entry either up or down!
Wait for a retest to make sure the price will continue its way down.
EURUSD it's a very important zone, and watching its previous behavior around this time of the year, I believe the price might continue its way down near the zone 1.09.
GBPUSD right now its on a great area and we need to wait and see if the price actually reach the highlighted area to move up or if it decides to consolidate on the lower area and move down.
Hello traders! For the EURUSD I'm really hoping for the price to actually move on the upside but as you might already know the price is consolidating near an important zone, so we currently have 2 options, either the price breaks the zone and restes the area as a floor moving to the upside (what I want ... lol) or it could just retest the zone as a ceiling and...
As you can see the price tends to move up near this zone. Lets keep an eye on this pair! Happy Week and Happy Profits !!!
the price has come all the way down to an important level in which if you notice as I pointed out, the price tends to reach this level to gain force to go up again, therefore it gives me confidence on looking an entry for a long position. What do you think?
#GBPUSD The price is walking on a channel and I considered the price will retest the zone again to go up near 1.44 and come back down near level 1.3999. Keep and eye for a good entry! Let me know what you think on the comments!
#EURUSD I consider price will reach the upper level near 1.2186 to come back down to 1.2112 since it has behave like that for a while! Please let me know what you think on the comments!
#AUDCAD I consider the price likes to come back to this level, it has touched it before as a floor but not that much as a ceiling, so I'm expecting for the price to make a bit of a consolidation to come back down again and reach the level 0.93.