Gold May Seasonal (2008 to 2021) Bullish: 8 Times Bearish: 6 Times May Stance: Bullish GOLD After making a double top of 2070 - 80, took the beating and come down. The breakout level is still intact and we remain watchful on the price action. If it manages to break above the cup and handle pattern the shinning commodity will remains bullish for the years to come.
Bearish Flag - Bearish Flag is a continuation pattern which is made during a bearish trend. The pause (flag) is actually a consolidation before big rally kicks in. Bitcoin is making two bearish flag as if it has fall in love with it. A break below will be a continuation pattern and we can witness downside in BTCUSDT. What do you think of this love story? ;)
The very first Easter taught us this: that life never ends and love never dies. Happy Trading!
EURUSD has been trading in bearish parallel channel, making lower lows and lower high. The trend was bearsih from 25th May 21. Since then price has lost more than 1300 pips. Recently price make a bottom near its 7th May 2020 low and bulls showed momentum. The price got rejected from falling trendline and once again found itself on the same support, making double...
April favors Bulls..!!! interesting Fact for the month of April is when first week of April closes a red candle then 5 out of 7 time bulls have taken control plus we have bullish divergence on weekly charts and a possible Double bottom buy on dip recommended
April favors bears as historical data suggest Dxy will make a correction plus we have bearish divergence on weekly chart in coming days it will be testing a resistance which will be a good level for profit taking
The USD is the strongest of the major currencies and in doing so, the dollar index (DXY) is also making a new high for the year. The index trades at the highest level since June 2020. Price Action: DXY has been in bullish trend and trading in bullish parallel channel (as shown in chart). This channel has been very reactive in the past. Currently price is...
Bitcoin has broken the important fib level of 61.8% i.e $44500 Level. Price is holding above it but under DMA. At the moment DMA is standing at 48200 which can cause minor resistance for the Bitcoin. The price action looks bullish if the support of 44500 level sustain. Do your own research before taking poistion in BTC. Tell us what do you think of it?
GOLD - APRIL SEASONALS LOOKS BULLISH Gold April Seasonal (2006 to 2021) Bullish: 11 Times Bearish: 6 Times April Stance: Bullish GOLD After making a double top of 2070 - 80, took the beating and come down. The breakout level is still intact and we remain watchful on the price action. If it manages to break above the cup and handle pattern the shinning commodity...
seems like index is making higher low buy after breakout is recommended
AUDJPY has given a breakout from 86 level which has been the strong resistance in the past. Since then it has rise more than 400 pips with no weakness. We have a harmonic bat pattern which can be the reversal point for the pair. Good Luck for Live Trade Leave your feedback in comment sections
USDCAD has approached to important rising trendline which has been playing active role since 1st June. The pair is also taking support from the Daily Moving Average. If price action supports here one can built postion for a good ride of more than 200 pips. Trade your levels accordingly. Leave your views in comment section.
IF breaks resistance then buy can be done with targets of 133.130 if breaks bullish ascending trendline sell with targets of 129.480
the last leg Stoploss 125.300 TP1 126.000 TP2 126.250
Bears in mood to take revenge sell at current levels with stoploss of 118.450 TP1 117.400 TP2 117.050
Tug of war results favoring bulls buy with Stoploss of 1.30000 TP1 1.31500 TP2 1.32800