Wait for the higher low to play out and the short the living hell out of it!
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!
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further,...
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.
Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
EUR CHF - Daily. We feel the pair has broken out of Downtrend as lower highs has been broken. However, still it cant be said that the pair is in uptrend. Prices are reversing from the resistance zone. Will have to wait till the breakout above Resistance Zone for saying that the pair is in uptrend.
Prices could retrace all the way back to 130 levels as resistance is not being able to be broken on the short timeframe.
Target set at 1.14 for the shorts
Short at Market Price - Aim for previous support at 1.6000 as targets
Entry :- Market Price Stop Loss :- 1.27355 Target 1 :- 1.30300 Target 2 :- 1.31200
Entry :- Market Price Stop Loss :- 114.543 Target :- 112.695
Apple is still within a 4hr downtrend - Levels closer to support levels will be testing entries once we get a green candle on the uptrendline.
Ripple looks to be entering a smaller retracement from a larger upmove that could take place and we could be in for a 61.8 retracement.
A symmetrical triangle is on the verge of a breakout or a breakdown.Candlestick behaviour is still bearish.
Await a break of the downtrend line before taking any long positions and upon breakout you should be able to see levels closer to 880 +
Bitcoin seems to be constipated for now and looks like the likely scenario is a retest of the 6300 zone. Before we see any one sided move this is important to be achieved.
Entry Price :- Market Price Stop Loss :- 1.29173 Target 1 :- 1.31894 Target 2 :- 1.3333