XAU/USD failed to break above $1522 for the 2nd time. Causing it breakout of the 1H Triangle it was in, in the downwards direction. Currently, we are sitting at $1515 during this pullback from $1513. Next Major Support is around the $1450 area on the Daily chart.
Looking at NZD/USD we can see a BAT Harmonic Pattern formed. Note the price is currently higher than the entry. With the Stochastic indicator we can see the orange line is coming down to cross under the blue line, hinting slightly more downwards before the reversal up. And then we have the MACD signal beginning to cross under the MACD. Risk/Reward: 3.95 with...
GBP/USD is looking like a good long for next week. Formed a nice deep crab harmonic pattern. *This is not trading advice. Simply showing you all my thoughts for next week* All feedback appreciated!
Looking for a Buy next week for AUD/USD. 4 Confirmations: 1) Shark Harmonic Pattern 2) Crossing lines on the Stoch 3) Divergence forming on the MACD 4) Long signal coming next on the Get Trend Strategy *Not trading advice. Compare my analysis with your own before taking a trade*
You know what they say, “History repeats itself”, and if that is true then we will see another spike up after this final 6th candle of consolidation. During this bullish trend up each line up of consolidation lasted 6 4hr candles. So if the candles repeat the 2 previous patterns we should see a spike up again. We are seeing the 10750 Quarter being used as...