Bullish momentum favours the Aussie and we should see prices head higher from here on and further!
If we get a new higher low that would be a perfect entry for us to enter long all the way to the minor resistance levels at 0.72118
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!
These are study notes for the free Babypips course.
Based on this article: www.babypips.com
Chart we're using is the infamous Bitcoin double top of late 2017.
Notes:
- Neckline is the resting place between the first top, and the second, failed 'run up'
- When the 2nd run up fails, that indicates that buyers are exhausted
- Notice the indecision doji, near...
Well, i personally trust and trade divergences just too much. In forex, i see opportunities 60% based on divergences. Divergences accuracy is directly proportional to the time frame.
Daily chart has been uplaoded, and this one goes on weekly.
Hello,
Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35...
Good consolidation seen on 4 Hourly Chart of Gold. Biased seem to be Bullish. Will have to wait till breakout before initiating another long trade. If we do see breakout, the price might head till 1315 levels. Right now Patience is the key.
USDJPY look weak and downside target opens with price target of 110.7-110.3 as trending below moving averages.
Every price rise near moving averages sold as act as an resistance.
After macroeconomic data releases from the U.S. and Canada lifted the USD/CAD pair to a fresh 19-month high at 1.3563. Pair trending in strong uptrend and falling crude oil have major contribution in Canadian economic data ABOVE 1.3600 TGT 1.3645-1.3675
Hello traders,
A slow recuperation from the 1.6700 empowered GBPCAD to streak almost six-week high, the match needs to overcome the 1.7225-30 opposition juncture, five-month-old plunging pattern line, so as to go for the 1.7310 and the 1.7420 numbers toward the north. Should costs effectively exchange past 1.7420, the 1.7560, the 1.7650 and the 1.7730 are likely...
