EURUSD is looking bullish on bigger time frame above I've marked the areas where I will be interested in
Expecting a continuation to the down side as we broke and retested the structure
Hoping to reach 55 000 if we break above this pennant
If we close above resistance we might start looking for long entries after a pullback using smaller time frames like 1Hour
We've broken out of the channel which might be a fake out or change of trend. For better confirmation we waiting for a clear retest with some price action before looking for any short entries
I have touched on some keys points that we need to consider on GBPCHF. Looking to take a long entry if we prevail to the upside
EJ has been held under rejection zone for some days forming a bullish flag which we finally broke above. Still waiting for more conformation and a retest before taking long entries
Break out & now we retesting the broken Highs What to look for - How the Price Reacts to the Previous broken level which can be turned to Support Candle stick patterns like engulfing candles & Doji's for better entries & RRR
We yet to see a downtrend for some time on gold as we break the support trendline. Looking fir shorts after a clear retest .
As we had a rally on GU now it's time to grab some liquidity before any further move We might get faked out below the structure Crucial level to watch
I'm looking for sells below this areas if we make projection to the downside as we seem to have reached resistance and now grab some liquidity before any further move to the upside
AUDCHF has been on consolidation phase forming a falling wedge/flag pattern. We then managed to break above but we still waiting for a clear retest before continuation to the upside.
I'm still bullish bias on EC , On the daily chart we've failed to break the lows and forming a beautiful double bottom. Going down to the 4HR we've had an impulsive run and a consolidation .Price got rejected on the minor support now we looking to break and retest before taking any trade
On the daily chart we have a flag pattern form but we haven't confirmed any Break yet. Own to the 1Hour we have a clear uptrend as marked above although price tried to violet the current structure we failed to break below the trendline support .Now price is at the crucial level which it's either it retest and resume to the upside or goes down to grab some...
This pair has been out of my watch for sometime , it has been ranging a lot from the daily perspective. On 4H & 1HR chart we failed to close below the previous LL neither did we close above the major HH but on smaller time frame we might get a break to the upside targeting +-50 pips as we starting to form a little uptrend
From my own perspective we still looking bearish on Gold .From Daily to 4HRS TF Gold has been ranging but forming a very bearish pattern .At the moment I'm waiting for a break and a little retest below to confirm that downwards continuation
This is a long term view on AUDNZD ...weekly charts shows a formation of a Head & shoulder pattern which isn't yet validated as we wait to if price will manage to close below the LL or get rejected on the trendline back to the upside