We’re currently looking at Gold on the monthly timeframe and trying to determine the end of the bullish trend. Projected price in the target zone for wave 5 is @2800 price point For reversal: Will like to see the divergence between waves 3&5 and a change in direction of the current momentum. And also chart patterns like rising wedge, double or triple tops and...
In the head and shoulders pattern, we are waiting for price action to move lower than the neckline after the peak of the right shoulder and that has been achieved , now we wait for price action to retest the neckline to initiate short trades.
Market structure is Bullish (long term buy) Price is currently retesting neckline of the inverse head and shoulders pattern We’ve got more room to the upside Target will be 37700
Gold market structure is currently Bearish on weekly, daily and 4hr timeframes. Also, It broke out of a #symmetricaltriangle and has formed a descending triangle with a flat bottom. My overall target will be the same as the distance from B to C
Gold still trading in a up channel pattern we've got two possible scenarios on which direction price will most likely move to So lets hold tight Keep your charts as simple as possible Stick to your trading plans or rules Apply risk management Don't force trades, If price doesn't respect your requirements for an entry let it go
break and retest of #fallingwedge Uptrend continuation pattern enter postions on lower tf first target most recent high.
Simple buy set up on GU Target 200pips Let's goo
Buy trade set up on GbpChf price formed a low and then a high price breached the low creating a lower low then price breached the high as well forming a higher high Will wait for price to come back to the low to enter a buy trade. First target will be the first high price created.
Is the Upward trend nearing an end? A head and shoulder pattern forming signals a reversal of trend Target is same distance between head and neckline
Bitcoin broke neckline of a triple top pattern will join in for sell upon retest Lets goo!
Simple Sell set up Audusd looks very juicy As long as its trading in the the channel I'm bearish on this sweet pair
#Doublebottom lets wait for break of neckline for reversal confirmation first target will be 200pips overall target is 1000pips
possible scenario Will you buy or sell I'll wait for a break out.
#Euraud still trading in an upchannel Enter buy positions on Lt PS: watch for choch and bos
watch out for a clean break down of triangle and close below 1976 for short position First target is 200pips runners extension till touch of 4Hr trendline lets goo!!
#Head&Shoulderpattern #sell break of neckline. My first target is 200pips
Triangle pattern forming, wait for break out and target 200pips