Richreasons996

Richreasons996

Falling Wedge Pattern -- The recent price movement in GOLD has formed a falling wedge pattern. Falling wedges are often considered as bullish reversal patterns Divergence: Alongside the falling wedge pattern, there is a divergence between price and a momentum indicator To establish a potential entry point, a Buy Stop order is recommended to be placed above the...

Richreasons996

Bat Pattern is seen on Gold. Waiting for divergence, if divergence is formed then buy on break oh LH. Caution :- Wait for divergence to form.

Richreasons996

A Bullish Divergence on the RSI for EURGBP, indicating potential upward movement in the currency pair. To take advantage of the anticipated bullish trend, we will place a Buy Stop order above the last Lower High (LH). This ensures we enter the trade once the breakout occurs, confirming the upward momentum Risk Management: We will strictly allocate a 2% risk of...

Richreasons996

Presence of a harmonic pattern AB=CD on the EURUSD chart, indicating a potential retracement from the 0.5 level. Bullish Divergence on RSI: Further bolstering our analysis, we have identified a bullish divergence on the RSI indicator, suggesting a potential trend reversal to the upside. Entry Point: To ensure a strong entry point, we will wait for the last Lower...

Richreasons996

1. Bullish Trend 2. Entry at current market price at 0.618 Level 3. Stop Loss at previous HL

Richreasons996

Bearish Divergence is seen Respecting Trend line Entry and SL are defined take total 2% risk with 2:3 risk reward

Richreasons996

Crab Pattern is seen Buy Stop and SL are defined

Richreasons996

Cup and Handle Pattern No Divergence is seen Entry and TPs are defined

Richreasons996

Bullish Divergence is seen Buy Stop above LH SL last LL

Richreasons996

AB=CD Harmonic Pattern Bullish Divergence is seen

Richreasons996

HH and HLs is formed No divergence is seen SLs and TPs are defined

Richreasons996

XAUUSD Bullish Trend Just started Formed HH and HL

Richreasons996

Divergence is seen on RSI If it breaks Previous HL the trend could reverse SLs and TPs are defined

Richreasons996

A recent bullish divergence pattern, indicating a shift from a bearish trend to a bullish trend. This pattern suggests that the price is likely to go up. 2. Waiting for the price to retrace to the 0.5 fib level before considering a buy.

Richreasons996

Based on the analysis of the price action, there are two potential scenarios that could unfold. Firstly, there is a possibility of an AB=CD pattern being formed, which indicates that the price could potentially reach a projection of 2.0 because the Fib retracement level is at around 0.50 which further supports this projection. On the other hand, there is also a...