Done with GU, price hits our TP. Now let's see if price would be able to break out of the range.
GBPUSD is in a range after breaking out of an ascending trend line last week.
I'm still bearish, but I'm closing this in loss, I don't like how price close above triangle, I'd wait for a proper drop and then retest.
Price broke out of a support zone and is now retesting it. Price breaks a symmetrical triangle as well.
Bitcoin is in a correction phase, and I'm expecting the price to break and continue falling. The price is expected to fall all the way down to 15/14K. I.e our support zone. At that point we would be looking for opportunities to go Long.
DXY been trending downward for a while (weeks.) But right now the Previous Lower High on 4H Timeframe is broken. If the price close above that High, my bias would change, I'd now be bullish for the rest of the week(s)/Month. I.e I'd be looking for shorting opportunities on Gold & GU.
GBPCAD Broke out of a descending T/L and now break out of a correction phase.
EURNZD broke out of an ascending Trendline and a correction as well.
EURCAD is moving in a sideways trend (range) I will be looking for opportunity to short it at the resistance level. Timeframe - 4H
AUDCAD Top down analysis, weekly to 1h TF price rejects the resistance level on the daily TF and is about to drop it formed a double top on 1H TF and breaks an ascending TL on both 4H & 1H Charts
i. REJECTIONS @ RESISTANCE {1D} ii. DOUBLE TOP iii. TREND LINE BREAKOOUT You wait for a pullback to confirm your entry.
i. REJECTIONS @ RESISTANCE {1D} ii. DOUBLE TOP iii. TREND LINE BREAKOOUT You wait for a pullback to confirm your entry.
EURGBP has been trending downward, and we are now about to see a reversal of the bearish trend. The price is reversing from the bottom of a bearish channel and formed inverse head & shoulder, which is a reversal pattern, and on the 4H time frame, price break a descending T/L which is our confirmation of the Head & Shoulder.
EURGBP has been trending downward, and we are now about to see a reversal of the bearish trend. The price is reversing from the bottom of a bearish channel and formed inverse head & shoulder, which is a reversal pattern, and on the 4H time frame, price break a descending T/L which is our confirmation of the Head & Shoulder.
AUDJPY is retesting a resistance zone, what do you think the price would do, retest the zone and reversed or break and continue the bullish run. Share your thoughts in the comment section. i made mistake in the prev post, wrote AUDGBP instead of AUDJPY