A double top pattern under the resistance level, we can expect the price will fall to the support line 1695.
The head and shoulders pattern is confirmed and we can expect the price will fall to the bottom 1.8897.
The price is failed to close above 1.13650 and create a resistance level, if the price failed to close above today, we can expect a retracement to the support level 1.1142.
If the price shows respect to the support level, looking for a long position will be a good choice.
The price is break down from a uptrend and did a retest, if the price failed to back to the trend and started to fall again, that is a good opportunity for sell. TP will be the support level 0.84566.
Gold price is in a uptrend but now it face a strong resistance level around 1740, if the price fail to break the line, we can aim for short. Target will be the bottom of the trend line.
We can see the price break the channel and shows a retest, if the price fail to back to the channel we can expect a drop to the resistance level 75.920.
Currently, the price is in a correction of the impulse, we already have a double bottom and shows very strong support level at 1.07830. I expect the bulls will keep running until we touch the resistance level 1.09880.
When i started to analysis a pair, i always start with multiple time frame analysis. We can see the price fail to close below the 0.5 fibonacci in weekly candle and it become a strong support level. Now the bias has turn to bullish, and we expect the resistance level on 107.380 will become support.
Taking long position before the next drop. Our first target will be 1.4153 it's also a resistance level and the next target will be 1.4216 if the bulls still in charge. If all target reach we will looking for a sell opportunity to complete this gartley pattern.
The price is around the top of the trend line, if the price fail to close above it and the macd show bearish signal, we might expect a drop to the bottom line, 114.47 is our first target and the second will be 113.87.
After today's news we saw some positive impact on GBPUSD, and the price started to reverse from the support level. I expect the price will be able to going all the way up and break the triangle pattern but currently our TP is 1.26130.
I believe history will repeat. But still waiting for the confirmation in lower time frame, if not, i will not take this shot.
We can spot a RSI divergence between the double top of the price, and the price failed to break the resistance line again. I think it's enough proof to show us the price will fall to the support level 1.3875 before the bulls come, it is also our TP zone.
2/5/2020 The pair is in a correction in a major downtrend. We can see the momentum of bulls is getting down in 4H. I expect a double top in low timeframe and a breackdown to major support level around 1710. But we can see a RSI divergence show up in 4H time frame as well, it may be a signal of breakout of the sturcture and going upper. Just waiting for the comfirmation.
2/5/2020 In daily time frame we can see the USDCHF just hit a major support level there. I expect a reversal up to the resistance level. Using small lots and beware of the volatility., it may break out the structure anytime.
6/5/2020 As the chart shows, the price respect the strong resistance level around 0.62700, it is also a 0.5 fibonacci level of the impuse. We can be ready to place a sell if the price fail to close above the resistance level in the end of the day. SL can be define on your own, our TP is also the support level around 0.6173, with great risk/reward ratio.
3/5/2020 A bullish divergence show up in 1H time frame. I expect a pull back to 0.5 fibonacci level of the impulse and go up to the resistance level of the trendline.