GBPJPY 4HOUR Triangle- Break and retest.
XAUUSD 1HOUR abcd + 15min triangle
Been looking at this scenario for a few days now, but did not post. its about time I did.
XAUUSD Bullish Fibonacci Retracement 1HR, Quick Buy. 50PIPS
XAUUSD 4HR #Team Trendline retest or Bullish break
Looking at price at this moment, it looks like its forming a head and shoulders. Most people have now ruled this out in the morning but price has formed a bit more since then and is giving us a picture that we might be possibly creating a right shoulder as its currently found support/neckline with bullish candles...if not. a bullish breakout. (on smaller...
Price did not hold 1500/1503 zone/level as previous post, and did not stop at 127% retracement. (Well done to everyone that caught the buy). Which makes alot of sense because this is a 2 month long trend-line. Prince would have alot of bullish momentum to break it and if it was to stop at the 127% or 1500/1503 area, it would not have broken the trend-line but...
If price holds 1503 resistance... l will be looking for price reversal to bottom yellow zones and then from there Look for bullish signal to 127% retracement.
Set up for tomorrow. Bearish three drive pattern
Waiting for price to show us where it wants to go. Will be looking for entry on smaller timeframe (Next post)