SamTraidingView

SamTraidingView Updated 

Even though CFD/USD graph have not made lower Lows and seems to be breaking the down trend but with respect to FR chart, it seems that its strugling to pullback up to test the FR61% level hence; most likely it's going to retest the FR78% at least before going further down to may be pull back up.

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UK100 Index seems to be in bullish trend, using bullish flag harmonic pattern, the project shows that it could touch 7679 Level

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CAD/USD pair is currently sideway after the end of DownTrend and not clear defining HH, LL, LH or HL.

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After dropping down equal to the head till kneckline of the Harmonic Pattern, gold seems to be rising a bit & should test the 50% FR as an immediate target with the possibility to test 2000$ as well.

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Forming of a bullish engulfing candle giving an indication that it will try to test the resistance at 0.382 Fabi level once again.

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Overall USDJPY seems to be in bull trend, just placed a long trade assuming price will follow AB==CD Harmonics over the period of 1 Week or more or not.

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Applying AB=CD harmonics the projection of gold is that it will retract till 1925 before going up with expected extension till 2112 by end of March.

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Lets see whether gold will rise above 1588 which is a resistance; if it breaks it whether it will come down after that or will stay above 1958 level.

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Hanging Man appeared following a quick rally which had overcome the previous resistance of 1918-22. Lets see whether it comes down or jump up???/??

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If the candle going to be morning star or doji start then it will bounce back up. in case of another red candle it will test the support of 114.718

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Gold seems to be moving between the range of 1882 to 1922 $. 1918.92 is resistance at the top 1882 or 1883 as support. These level can be used for trading on hourly time frame.

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Gold just shown Shooting Star Candle its expected that gold will now go down for at least 5 to 10 $ which gives an opportunity to short gold.

SamTraidingView

I has started the trade on 7th of Feb as it seems to be breaking trend on hourly time frame even though on the daily timeframe the trend was still bearish. If you see the chart now with daily time frame trend have now become bullish but it was not the case on 7th of Feb.

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EURUSD tend seems to be downwards and i have decided to short it. Technical Analysis using daily time frame is showing downwards trend as LH & LL are easily evident from the graph.

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Shorting it as trends seems to be bearish on a daily chart as it can be noticed that chart is showing the pattern of LH & LL