From a technical perspective, XAUUSD has been in a bullish trend for a while due to several factors. All good things come to an end, in a simialr way I'm expecting Gold to start it's trend reversal. Gold is currently facing resistance at 2740-2750 levels. I'm expecting Gold to turn bearish in the coming days and I also see a start of a trend reversal pattern...
From a technical perspective, XAGUSD is under the formation of a Head & Shoulder Pattern. I'm expecting XAGUSD to turn bearish in the coming days . A close below the neckline(33.46100) in 4hr should confirm the reversal. I'm expecting Silver to reach 32 - 31.500 levels in the coming days. Good Luck with your trading plans!
From a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head. I'm expecting the head to be formed near 1.30000 to 1.30500 levels. My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs ...
From a technical perspective, EURUSD is under the formation of a Double Top pattern. EURUSD faced resistance at 1.12000 levels and we can see that the liquidity sweep is completed in the pair. I'm expecting EURUSD to turn bearish in the coming days and the targets are marked in the chart. Good Luck with your trading plans!
A simple Sell strategy at the 0.71 Fib levels. Bearish FVG aligns with the entry and I'm expecting a continuation in the bearish trend after the retracement. My expectation is a simple 1:2.45 RR and will start trailing my SL to BE when I reach 1:1 Entry: 1.35405 SL: 1.35899 Target: 1.34197 Happy trading and Good Luck guys!
From a technical perspective, USDJPY us under the formation of a Inverted Head and Shoulders pattern. However it needs to align with the fundamental perspectives as well. If the BOJ does not increase rates, we may see the Inverted Head and Shoulders pattern push the price aggressively from its current position. Neckline - Near 143.5 level Head and Shoulder...
Gold has hit All Time High. Now it's ranging near the ATH. In Lower Time Frames, Goldd is trying to form reversal patterns to start the retracement ahead of FOMC. Trendline and Head Shoulder pattens are visible in the formation of GOLD. I'm expecting a retracement to atleast 50% fib levels.
As you can see in the chart, EURCAD is following Ascending Trendline I'm expecting a break of the trendline and the beginning of the bearish trend. The following are the target's I'm expecting in this pair TP1: 1.49036 TP2: 1.47418
Currently, EURGBP is in an uptrend. However we can see there is a liquidity Sweep in the Week Time Frame and in the 4-Hour a Double Top has formed. EURGBP is changing to downtrend.
A simple Sell strategy at the 0.75 Fib levels. The expectation is a simple 1:3 RR and will start trailing my SL to BE when I reach 1:1 A little late with the post but still you can enter at the current price
As you can see in the chart, GBPAUD is forming a descending triangle in the 4hr chart. The Lower TF took an change in trend after the massive liquidity sweep. Now, 4hr is showing signs of the trend continuation pattern. I entered the trade at 1.63900 Tp1: 1.93300 (The base of the triangle) Tp2: 1.92650 Tp3: 1.91800
A simple Sell strategy at the 0.75 Fib levels. The expectation is a simple 1:3 RR and will start trailing my SL to BE when I reach 1:1
A simple Buy strategy at the 0.75 Fib levels. The expectation is a simple 1:5 RR to take out the previous 4Hr highs and will start trailing my SL to BE when I reach 1:1
A simple Sell strategy at the 0.75 Fib levels. The expectation is a simple 1:3 RR and will start trailing my SL to BE when I reach 1:1
Hi Traders, I see a good RR in CADJPY at this current level. Normally, I aim for a 1:2 Risk to Reward, but I see a potential opportunity in this pair currently and will be going to BE at 1:2.