DAILY CHART UPTREND BROKE POSSIBLE DOWNTREND FORMED H&S EMA CROSS MACD DIVERGENCE
MONTHLY CHART ENERGY CONTRACTION (CONSOLIDATED TRIANGLE) HOVER ABOVE SUPPORT
TRIANGLE CONSOLIDATION~ 0.786 LEVEL ENGERY CONTRACTING
DOWNTREND PULLBACK TO 0.786 LEVEL INSIDE BAR SHORT TRADE TRIGGERED WHEN PRICE PENETRATED THE LOW OF THE INSIDE BAR SL: FEW PIPS ABOVE THE BAR TARGET: VALID DOWNTREND LINE
UPTREND BROKE TREND: NICE DOWN TREND LEVEL: ENGULFING BAR AT RESISTANCE SIGNAL: ENGULFING BAR MACD CROSS
PRICE HIT MONTHLY (YEARLY) RESISTANCE UPTREND MAY REVERSE TREND DOWN MACD READY TO CROSS SHORT TO THE NEXT SIGNIFICANT LEVEL
NICE UPTREND NOW THE WAVE MAY REVERSE EMA DEATH CROSS POSSIBLE HEAD & SHOULDER
LONG A FEW DAYS, THEN WAIT TILL BREAK OUT PENETRATE RESISTANCE>>LONG PENETRATE SUPPORT>>SHORT NOW PRICE BOUNCING & CONSOLIDATING IN TRIANGLE
DOWNTREND HAS BEEN BROKEN & RETEST. (I HAVE MARKED 5 WAVES+ 4TH FLAT CORRECTIVE WAVE) POTENTIAL UPTREND MAY START TILL STRONG RESISTANCE.
PREVIOUS LONG POSITION HIT THE TARGET NOW IT IS TIME TO TURN THE WAVE TREND: DOWN LEVEL: VALID TRENDLINE SIGNAL: SHOOTING STAR (PIN BAR) SHORT TILL DEMAND ZONE
PLEASE WAIT FOR PULLBACK UNTIL THE PRICE REACHES THE SUPPLY ZONE. THEN GO LONG. POSSIBLE 100 PIPS.
WEEKLY CHART TREND CONTINUES UNTIL HIT THE RESISTANCE. IF BOUNCE, GO LONG IF BREAK, GO SHORT
IF BREAK SUPPLY ZONE, GO LONG IF BREAK SUPPORT LINE, GO SHORT 1.2 IS THE CEILING
CONSOLIDATING IN AN TRIANGLE FLAT TOP SLOPE BOTTOM CURRENT PRICE BOUNCING BETWEEN MONTHLY SUPPORT & MINOR RESISTANCE
STILL IN DOWNTREND MAY REVERSE IN SUB-TREND (FIRST SMALL BREAKOUT BAR)
TIMEFRAME: D1 TREND: UP LEVEL: TRENDLINE AS SUPPORT & MONTHLY RESISTANCE SIGNAL: PINBAR NOW GOLD IS CONSOLIDATING INTO THE TRIANGLE. THE CONTINUAL UPTREND MAY REVERSE IF IT BREAKS THE UPTREND LINE, OR IT MAY KEEP GOING UP IF THE UPTREND LINE HOLD THE STAND.
6 HOUR CHART CABLE RETRACED BACK TO 50% OF ORIGINAL UPTREND NOW IT IS UP AGAIN & TRY TO BREAK THE DOWNTREND LINE