Currently heading towards the strong resistance, will it hold or break?
The currency pair seem to have formed a head and shoulder pattern I would wait for the market to hit with the left shoulder then place a sell order
The price is currently at a very strong support zone of both the downtrend channel and the market as a whole The stochastic also shows an oversold, therefore needs to head back up Head onto the lower timeframes and look for bullish reversals
The currency pair recently violated its strong support level automatically changing it to a resistance area There is a downtrend channel on the pair, wait for a rise to the resistance of the downtrend channel and sell
The blue lines on the chart demostrates the 2 possibilities of the movement of the market! Let's wait a little while for the possibilities before placing a long position on the market
Many Indicators have confirmed the future dynamic of this market The first is the Stochastic, it has been oversold Secondly, the 100 EMA, already closed to the resistance level Thirdly, the Fib Retracement already approaching the major levels, chances are higher at the 62% PREPARE FOR A LONG!!!
GOLD has recently violated the ascending channel support level. It's currently retracing to continue on its downwards path Look for selling opportunities!
The GOLD has been on a steep rise since 2016 forming an upwards parabolic arc The market is likely to retraced back to the 62% Fibonacci Retracement level GOLD MIGHT BE BEARISH IN DAYS TO COME
The stochastic indicator shows the market is about to be overbought and also the bollinger bands are beginning to contract which means low volatility, and a rapid change in the momentum of the market Wait for the price to hit the resistance level at price 0.98128 then place a sell position
Wait for the price to hit the 61.8% fib. Retracement area and make use of the double EMA as a confirmation to place a sell position You can pick any of the resistance as a Tp
There formation of the double head pattern is obvious I am waiting on the double EMA and the MACD for a clearer selling opportunity
Gold is currently consolidating in a symetric triangle There is also an obvious bearish head and shoulder pattern, be prepared for a sell postion Wait for the price to break the neck at the price 1890.770 of the H & S pattern before shorting the market
Following an uptrend is the downtrend. The 2 EMA's confirms the continuation of a downtrend . Also, the fibonacci retracement hit the 0.618 special level of the fib chart. We have to wait for a breakdown at price 1.17058(potential support level for an extension of the retracement) for a SELL opportunity OR we wait for a bounce back for a BUY opportunity
The EUR/USD retraced it's price movement to the resistance level at 1.17493 It also made a little consolidation and i also reckon that the formation of a head ans shoulder pattern This could be a very good opportunity to place a short postion Patiently wait for the price to pass the neck line of the head and shoulder pattern at price of 1.17148 to sell the pair
The pair created a strong Head and Shoulder pattern formation Look for selling opportunities
The pair is currently trending upwards in an upward channel Currently waiting on a very good buying opportunity