CH_shares

CH_shares

elections on the way and we have a formation of a gartley pattern and a demand zone. price might turn there and there is a higher probability. failure to we might return to 1.0 fibonacci mark or 1.61 level

CH_shares

formation of head and shoulder patern and liquidity grab on the sell side. markets looking at 1.30505 where buy orders are located.

CH_shares

due to strengthening of dollar and gold on over sold we likely to have a pull back to fill more orders at 2630 mark 200pips away. Remember to use risk management.

CH_shares

with the recent market divergence and dollar index on over sold levels, dollar is likely to gain and pound is likely to pull back after attaining 2024 high. Currency carry traders are going to pull out of gbpusd after a 5% rate from BoE and a 5% rate after fomc on dollar. currency carry traders profit on difference in interest rates of different banks. Example...

CH_shares

looking at where the trend started and where the discount price falls. we can get sniper entries at the 61.8 level mark and hold it till we hit 1.28000 mark

CH_shares

looking at the clients sentiments, many traders are buying gbpjpy.if there are many buyers markets will do the opposite. on daily timeframe we expect it to drop and make monthly low and at that point no more buyers will be left since thats the furthest stoploss location. once that point is reached gj will reverse trapping sellers and we will go back to all time...

CH_shares

with positive consumer price index and no change in unemployment rates on the dollar, means dollar will be more favorable this month. Gbpusd we looking for a sell which is a retracement on daily chart below 1.3000, and if the monthly candle closes bearish then it will signal a reversal of gbpusd as on daily chart we have 3-drive pattern which is a potential reversal sign.

CH_shares

usdcad made a break of structure on daily chart and has dropped below 50% level, hence discount price. it might take weeks to hit the target but patience pays.

CH_shares

gbpusd showing a potential bearish trend with a formation of QML which is yet to complete. On higher timeframes like 1D there is a hidden double top. Sentiments suggest few buyers and markets made highs to trap buyers, so as price drops more buyers will join in till markets reach balance point at 50%

CH_shares

simple price action here more clear on h1. CHF has been on high demand and market sentiments show many traders buying usdchf, which intern will lead to more decline on usdchf. on the other hand gbpusd has formed double top on daily chart with the exhaustion of bullish trend. Gbpchf is a cross of gbpusd and usdchf and if gbpusd is bearish and usdchf bearish then...

CH_shares

usdchf is highly likely to resume the bear trend it had few days ago, provided no fundamental event in between.

CH_shares

after the CHoCH in daily chart Eurjpy might switch to sellers

CH_shares

looking for a bearish momentum in usdcad as powerful cad news on the way

CH_shares Updated 

gold usd to continue with the sell trend as indicated by the formation of cup and handle.

CH_shares

the setup displayed on euro is a risky trade but there are high chances for it to but and move above 1.0000 mark as dollar is showing signs of weakness

CH_shares

usd swiss to start a long term sell as its evident in increasing number of sellers joining the markets.

CH_shares

dollar will be weakening as new seasons begin this september

CH_shares Updated 

looking forward for gold to form a double top on monthly chart.