WE CAN SEE STRONG SUPPORT REPRESENTED BY RECTANGLE & SUPPORT OF 200 EMA BELOW IT. I AM LONG ON THIS AS ITS A GOOD TRADING SETUP CAN GO FOR 50 PIPS. TARGET & STOPLOSS MARKED ON CHART.
Euro vs USD pair has a bearish January , fell down from 1.23 to 1.20 almost, Now the price level hit back to the resistance zone 1.218 area, This pair may starts to consolidate before it starts up...
Analysis only for education purpose
Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. ....
Analysis only for...
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 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.
Gold against Dollar , has formed a triangle pattern during the month of December , still we have 6 working days left in this month /year, this pair expected to make a breakout mode end of this week and next week, at least expect to go high of 1969 on Dec 31..
Analysis for education purpose only..
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
