The price action has so far only been indicating straight bullish candles. Will the red Trendline have any impact? .. is what we need to see.
Target of 73+. Stop being Low of C.
Incredible contraction since last two decades and now at the exact middle point. Something happening in JPY. Even USDJPY has a contraction, though in a smaller timeframe.
Nearing the Apex point of Symmetrical Triangle on Monthly Charts.
Presumably in its Wave C, can head up to 73.20-73.90 zone. Doubts on New High. Invalidation below Contracting Triangle's Wave C Low. Red Trendline can be used for Trailing.
REASON FOR GOLD BUY CALL OANDA:XAUUSD 1) MULTIPLE TIMES RETESTED AND REVERSED THE TRENDLINE OF 4 HOUR TIME FRAME 2)TRIANGLE FORMATION AND TRADING AT TRIANGLE BOTTOM 3) REVERSAL CANDLE STICK CONFIRMATION
A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term. Expect the price to continue with its Higher High- Higher Low trend support!
Euro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance) It has been...
Prices could retrace all the way back to 130 levels as resistance is not being able to be broken on the short timeframe.
Breakdown From UpTrend line. Short Entry :- 0.70200 Stop Loss :- 0.71277 Target :- 0.68782
USD seems to have bottomed out with clear recovery and short term bullishness.
It is a beautiful range sandwiched between Pivot Points. It will be a simple point of trying to short. << tactics >> 1) When MPP (P) 0.68568 functions as a resistance line, consider a short entry. The first limit is WePP (P) 0.67879 The second limit is WePP (S1) 0.67351 2) If you penetrate MPP (P) upwards, wait for a long entry opportunity. Please note that...