GBPUSD MONTHLY CHART DOWNTREND First upward correction retraced to 50% Second upward correction retraced to 50% Third upward correction to retraced to 38.2% price continues to decline
Weekly aerial view Gold retreats to 0.786 ratio May start to go down
DON'T TRADE BRFORE THE NEWS. (AT THIS MOMENT OF WRITING JUST FEW HOURS BEFORE RELEASE.) WAIT TILL BREAKOUT. FOLLOW THE TREND. ALL THOSE HORIZONTAL LINES ARE FROM HIGHER TIMEFRAME(BIG PICTURES), WHICH I WILL SHARE WITH YOU IN THE FOLLOWING.
EURUSD MONTHLY CHART WITH TREND, SUPPORT, RESISTANCE
EURUSD BROKE THE SUPPORT & PULLBACK TO THE NOW RESISTANCE LEVEL (OLD SUPPORT) TREND: DOWN LEVEL: SUPPORT BECAME RESISTANCE SIGNAL: TWIN TOWER REJECTION TIMEFRAME: H4 (H1 FOR TARGETING ENTRY) SL: GREEN LINE TP: ARROW POINT
EURUSD BREAKDOWN SUPPORT AND RETEST THE NOW RESISTANCE LEVEL. TREND: DOWN LEVEL:SUPPORT TURN TO RESISTANCE SIGNAL: PIN AT RESISTANCE (OLD SUPPORT+DYNAMIC 8EMA) SP: GREEN LINE TP: ARROW POINT TIMEFRAME: H4
TREND: USDCAD RANGING MARKET LEVEL: NEAR RESISTANCE SIGNAL: PIN BAR SL: FEW PIPS ABOVE RESISTANCE TP: AS ARROW INDICATES TIMEFRAME: H1 P.S.: ENTERED THE TRADE 3 HOURS RIGHT BEFORE THE NEWS. SHOULD WAIT TO ENTER THE MARKET AFTER THE NEWS RELEASE! I AM TOO IMPATIENT!