- XAUUSD breaking out of falling wedge on 2hr. It's consists LH LLs. - XAUUSD also tapped previous lows range and rejected it - creating HH and HLs on ltf = Basically Gold's market structure is flipping to bullish Entry when it confirms breakout of wedge TP1 0.618 fib level TP2 0.702 fib level TP3 Top of the wedge
After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which...
GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952. It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are usually...
Both Rejection from 318 or 0.618 FIB Lev. and breakout from falling wedge can be good long entry on BNB-USDT
Descending broadening wedge on daily time-frame Got rejection from 1.226 support multiple times Also DXY seems like it's on way for testing resistance Can see entry up in chart (will be booking profits on its way)
BTC failed to break through 35k/0.5 fib level but seems like it will break through after a retest of wedge BTC has also formed a symmetrical triangle on 1hr chart which can break either way, but looking at previous pattern which is falling wedge it shows more upside after the retest of wedge line which is shown below in chart: example: (same chart) ...
Rejection off Downtrend channel Failed to break through 0.76 resistance and find support above it On Other side DXY broke through strong resistance and found support above it. We will see upside movements from DXY, expecting other currencies to drop against it For AUD / USD short Entry: 0.76 Target 1 : 0.754 Target 2 : 0.74768 (if it breaks through Trend-line)
Rejection off uptrend channel also completed bearish pattern target 1: 31.8K (break thru 32.6K support) target 2: 30.1K (if it breaking below uptrend channel)
* Rejection from 0.618 fibo level (132.55) * Rejection from uptrend channel (132.55) small entry since higher risk trade
Waiting on BTC to break above this downtrend channel. Daily candle close above this downtrend channel will lead BTC to new target of around 50k. There's another scenario i.e. Broadening wedge pattern on daily chart which is also a sign of bullishness Failing to break above downtrend Channel will lead BTC to hit new Lows
This can be really good trade as AUDUSD did breakout to upside from trendline with momentum
Completed harmonic pattern on hr.4 canlde