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Flag formation on GBP/USD H1 chart
Flag formation can be seen on H1 chart of GBP/USD. It can be called a bullish flag. This means that price is now consolidating after bullish period, and if price breaks upper trend line, trend may continue.
EUR/USD Buy Limit at support 1.4645
Going to long this pair at previous resistance level, now suppose to become a support @ 1.4645. Stop loss - 30 pips. TP1 - 50 pips. TP2 - trailing with swings till next possible resistance/round number/new high. Second support level at 1.4510.
USD/CHF Sell Limit at Fibonacci levels match
Opened Sell Limit order @ 0.8850. At this point matches two fibonacci levels, 38.2 level from February 11 and 23.6 level from April 1 to recent low of May 4. See chart for detailed view. Also, this level is near last lower low (0.8860) on Daily chart
Gold in correction mode; Daily chart analysis
We personally do not trade gold, but had this chart in mind. While Gold making all-time highs, we supposed to open some Long positions around 1455-1460 at black trend line (see chart). Price fell, but not much to touch that trend line
Is EUR/USD able to break and continue up?
Strong near term bearish trend, but longer term trend remains bullish. Does break of this trend line could be a continuation of bullish trend? Everything is possible.
GBP/USD in bearish channel; Retrace waves counted
Okay, GBP/USD seems to be having uptrend problems. We mean, uptrend on bigger time frames. And now, on H4 chart, it is in a bearish channel. It would be a signal of bullish trend continuation if we could see a breakout up of this channel.
AUD/USD in descending triangle
While Dollar gaining some strength, here AUD/USD ranges in descending triangle. Made retrace waves and suppose now start making 1 wave from downward trend line and resistance at 1.0700. Possible Long entries at lower triangle trend line and support ~1.0500
Good to see your using price action dude...
Shorting USD/CAD at round number 0.9800
Well, USD/CAD is still making new higher highs. How you can see, there are all previous shorts closed. Time to reload portfolio. One position at trend line, two positions shorted at round number 0.9800
Good to see your using price action dude...
Thanks PA suppose to be everything..