There was an uptrend that was occurring but the sellers gained momentum and eventually broke the support of the uptrend. The buyers the forced a retest. Now we wait to see if the retest will be respected.
We are at the peak of a consolidation phase and we don't believe there is enough upside momentum to break the resistance
We forecast a long trade for this pair because of the HHLL set up.
There is a possibility of the trend to reverse based on the trend analysis and the patterns formed.
Sell confirmed because of three things. The triangle has been broken , and price has retested. Price then entered into a state of consolidation and then we broke the resistance of consolidation. The price just retested after breaking and it might be heading down.
My swing traders are we anticipating this move?? We are obviously on a down trend but we are heading to a very crucial support zone that could potentially give us a double bottom, trend reversal and a sniper entry.
Food for thought. Normally i never use harmonic patterns but that looked very convenient and i thought why not. Any thoughts on this pair.
Possibility of an inverse head and shoulders. Place your pending orders and follow risk management. if it ever triggers and goes into profit, please trail the order.
Based on H&S chart formation and price auction. Price has broken and retested the neckline. ON a higher timeframe price has indicated or confirmed a down trend momentum.
Almost a triple top formation on lower time frames. A retest of a very crucial resistance. And a retest of a long standing resistance. Use risk management and if it ever gets into profit, lock your profits and sit tight.
BUY opportunity on USDCHF based on double top formation and trendline breakout and retest strategy.
A buy opportunity on USCAD based on the formation of a double top formation and a retest of a long standing support level.
Buy opportunity for GU based on the inverse head and shoulders chart. Place your orders, follow your risk management and as always do enjoy.
Skeptical buy opportunity for AU. Based on the touch of the trendline and the hhh pattern formation. A very beautiful buy is possible.
Too bad i could'nt share this beautiful sniper of USDCHF.
There is a good buying opportunity on USDCAD based on the touch of the trend and the formed triangle.
Place your sell limit orders on gold and forget about them for a moment and you will see. Don't forget risk management is everything.
Gold has been fluctuating a little too much recently like we all know typical gold. from trend line and support and resistence i am confident it might go down for a little while. As we all know the uncertainties of the market use risk management and do enjoy.