Progression

Progression Updated  Jul 13, 2020

It is possible that EURGBP will continue its H4 downtrend to the lower support zone (around 0.888). The market is making lower highs and lower lows which is by definition a downtrend. A medium-to-large sized bearish candle closing below 0.89377 will be the signal to place a SELL on this currency pair with a stop loss placed just above the previous high (SL =...

Progression Updated  Jul 13, 2020

Here we have a possible head and shoulders pattern forming on the H4 charts. The long wicked bullish candle on the right shoulder shows how price attempted to climb but struggled to even get past the left shoulder's high. Ultimately it formed a shooting star which is a good indication of a price reversal. A SELL order can be placed when the market opens providing...

Progression Jul 11, 2020

Here we can see that CADCHF is in a clear H4 support zone. Trades can always be found at H4 support/resistance zones providing you use price action. As we can see price recently pushed down to 0.69020 but buying pressure caused the price to close within the support zone. This was then followed by a bullish candle. We need more confirmation here that price will...

Progression Jul 7, 2020

Should see Gold finding support at around 1788 or 1780. Also, bullish momentum has slowed on the hourly chart and is overbought on the RSI indicator.

Progression Jul 3, 2020

Hi everyone this is my first post, I hope you find this information valuable. GBPJPY has broke and retested a previous support/resistance. I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and...