GBPUSD is moving in a descending channel and recently took support from 1.29090 and now the INVERSE HEAD and SHOULDER pattern is in play. We will wait for fresh entry at BREAKOUT of the Inverse HEAD and SHOULDER pattern, a confluence of descending channel breakout.
GBPUSD is taking support from a strong area. Currently, it is in the accumulation phase. Waiting for Channel breakout and retesting for fresh entry. Manage your risk according to your risk appetite.
XAUUSD is in strong Bullish trend at higher time frame. Now Price is moving in Bullish Flag Chart Pattern. currently the market is retracing a bit after last HH, which is also the 61.8% Fib retracement level and local support at 2600-2605 as well. if the market successfully sustain this buying confluence the next leg up could go for 2638 level.
Trend Analysis: CHFJPY is in a Bullish Trend, making Higher Highs and Higher Lows on the Daily Time Frame. My Stance: I am going to buy after the previous High breakout with two candles closing above high.
Gold is in bullish trend on daily timeframe, took support from 2622-2025 and targeting to 2660.
Trend is bullish and will make a fresh entry on breakout of Previous High with Stop loss of Higher Low.
Taking support from Fib 50% Level of Last bullish Leg. Made RSI Divergence on 1H TF. Looking for a New High but will take partial profit from highlighted area and remaining will trail.
Made RSI Divergence on 15M Time Frame, Price once again rejecting from Fib Retracement of 50% at Last Bearish Leg.
Taking support from Horizontal Trendline with Divergence at 15M TF.
NZDCAD is taking support from bullish trend line and RSI Divergence at Lower time frame.
Bounced back after taking strong support. Long term bearish trend line breakout.
Taking support from Fib 61% with bullish RSI divergence and break lower high on 1H time Frame which is indicating bullish direction.
Taking strong support at 2.03330 price moving in uptrend and now completed retracement at 70% of Fib Level.
Gold is in short term bearish trend: 1. Bearish Flag Breakout 2. ABCD Chart Pattern is continue. 3. Bearish Trend is retraced up to 50% of Fib Level.
Channel Breakout and Retested at upper Trend line of channel with taking strong short term support.
Divergence=Yes Support=Yes CHOCH=Yes Chart Pattern=Bullish Flag
J225 Moving in Bullish Parallel Channel with making HH and HL at 4H TF. Price is at lower trend line of Channel and Fib 79% completed here.
Short Term Trend is Bearish with Bearish Flag Breakdown. Entry on breakdown of Previous HL on IH TF.