Price is respecting the daily Support
and Trend is reversing with a pretty trend reversal pattern i.e, Inverted Head and Shoulder Pattern FX:USDCHF
Most Probable Path is A
We can see an inverse head and shoulder pattern formed. The interesting part, it is consolidating near right shoulder which is a good sign for a breakout after a build up.
Simple things aren't so Simple
Cheers.
We can see the trend has exhausted and a head and shoulder pattern is formed.
The breakdown has already happened, but wait for a retest if the SL is out of your risk limits.
Cheers.
We are getting three confirmation here in EURUSD to short a position.
1. Head and Shoulder Pattern
2. Resistance and Support level
3. Trendline Break + Retest FX:EURUSD
We can see a clear Trendline Breakdown + RSI Divergence. We can short below 1.22149 in 4H timeframe.
Always wait for candle to close and never make mid-candle decisions.
I will go LONG on AUDUSD because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 0.76966
Target -...
Hello all
Gold is very good trand and this time daily chart is on bullish zone so my idea is buy gold at 1876 and hold around 1900
1920
1950
And top is 2000$
So buy gold bullish
