It has been assessed that there is divergence in the RSI and its bullish. It has also so broke the first LH peak.
The EUR/USD will reach between 1.09127 and 1.09036 and then it will change its behavior and will rise again. Bullish XABCD Butterfly will be completed at this point. Currently, USD is behaving weirdly due to Less Jobs news.
The chart was running in an ascending manner, then on the 26th of April, it showed a reversal toward a bearish trend, however, according to my assessment it was making a bullish flag, AB=CD bullish harmonic pattern is also confluence to back up my assumptions. Please do not enter this trade until it breaks the previous peak of HL. One thing should also be kept in...
It has been assessed that the trend was going bullish but it developed a divergence between 28th April and 1st May with a double top reversal pattern. It is recommended to wait for the breakout before going for short selling of the instrument.
It has been assessed that the NZD CAD is going bullish again and also it is moving along the price and showing a positive strength. Moreover, there are chances that it will break its last 15-day highest so it is safer to buy the instrument at this point. As always I recommend keeping your lot size as low as possible to manage the losses.
The analysis is done after reviewing most of the factors, however as nowadays the market is exceptionally volatile so keep your risks as low as possible I will suggest keeping lot size 0.05 if moving with the heavy funds to bear the minimum loss.
To my followers, it is a simple short call, nowadays Major pairs are not in a stable position so moving with the Minor ones. As I always suggest keep the risk as low as possible.
Gold seems to reach its 2000 again so its time to long the gold, the price section and trend are moving together so we are safe, however, as I always recommend keep the risk as low as possible.
I have run a simple analysis on the chart and as the price is moving in bullish so I am going to long the trend with a risk of 1% and a lot size of 0.09. You can keep the risk low to save your accounts and manage your losses.
There is no divergence found between the price section and the moving trend so we will go with the market which is currently bearish. Risk is only 1% my follower can adjust risk as they like but higher risk is not recommended.
It is expected that the gold will go bullish till PRZ then it will return. So my follower can purchase gold at 0.5% risk and then roll on your sleeves for short selling.
There is a divergence between price and trend however, it has not played, however, the price section has entered the divergence zone. We will see if it continues its trend or develop divergence. The call is for buy-stop entry when the trend will come below the entry line.
There is no divergence between the price section and the trend thus it is safe entry in the bearish market, however, as the price section has already entered the divergence range so we should remain vigilant if the divergence gets develop on TP 1 then we will close our trade and wait for trend reversal.
The price and trending are moving together and the trend reversal has initiated so it is a good time for going with bears.
The AUD/JPY was going in a good bullish manner, however, between the 13th and 14th of April, it developed a divergence between the price section and the trending market now it entered the non-trending phase.
It is continuous pattern making LHs and LLs with no divergence with the price so we will short the trend.
As shared earlier when EURGBP will reach its PRZ we will wait and once it will move toward the declining phase we will short it.
It has been assessed that the trend is making new lows so we will short the trend, it is good to sell on the entry point and wait for the both TPs to hit, moreover, we need to keep an eye on the price that how it plays. it can reverse as well.