PRice has been consolidating in a box. the last hour candle closed below the box so our bias is bearish. We will wait for the restest onto the box again and enter on the following bearish candle after the restest, provided there is any. If there is no retest we will not enter the trade. TP and SL as shown in the figure.
GJ broke the trendline few days ago which it must respect and retest and since the price opened below the recent consolidation triagle it is expected to go lower and lower to the support which is 200 pips down. as shwon by the arrow
RSI shows divergence on a 4H timeframe, price makes higher high while the indicator made a lower low from the last move up,indicating a downtrend in place from now on or atleast untill the trendline that it has been respecting. Price also returned back from a major reversal zone and PA shows strong down trend, however the bears may get exhausted for a bit and...
Usdcad touched the bottom of the channel it has been going on and is on a bullish trend overall for the week. It also crossed and retested the zone as shown in picture ad highlighted in yellow. We will be looking to buy when the price comes on edge of the bullish flag that the price has recently made.
inverse H&S and trendline touch for the third time indicates that there will be another uptrend following. Also there is confluence of 61.8 fib from the big previous uptrend.
Euro is at major resistance. on top of the trend line and , the indicator doverdance is lower high while the price made higher high from the last touch on trendline, indicating that the price may reverse. next support to look down to is 1.1680
EUR USD broke out of the rectangle that i was in for weeks, now it is going to go up to the next resistance which is at 1.9250.
Gbjpy has been in a long downtrend . the price recently made a same level low however the indicators divergence shows a higher low, indicating that there may be a price continuation towards the down side. We are looking at the major psych levels as a part of support for our take profits. Expected movement is indicated by the arrows.
Price has broke the chanel it was in for a long time. The trend line has been broken as seen,thereby in a bearish zone, price will go up to the level of trendline, test it and fall back.
Double botttom and at the base of a strong trendline on 4H May go up as shown
inverse head and shoulder pattern apears to be forming, when the price forms the proper neckline we will enter a sell and ride untill the completion of shoulder. Sell limit order is in place.
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if Price breaks the trendline it should go to the previous suport
Gold broke weekly resistance (strong res.) Expect to go down untill the next resistance.
5M chart, price went below 200 and 100 MAs and retested it. Bullish engufing candle on 1H and 4H