Charles-OW

Charles-OW

Possible head & shoulder pattern on the 30M timeframe. Since this pair has been bearish ever since it made a head & shoulder on the daily timeframe, I’m expecting this bearish pattern to hold.

Charles-OW Updated 

After price made a slanted head and shoulder pattern, price broke through the slanted neckline. By the looks of it, price is now close to retesting the neckline. This could be a possible break and retest before a continuation to the downside.

Charles-OW

From the looks of it, price might be following the descending channel. I think this because, on the 4H timeframe, prize touched the bottom of the channel and rejected it straight away. Couple that with a break and retest of key areas, I believe, price will become bearish again when it reaches the next resistance area of 1.93300.

Charles-OW

By the looks of it, price has/is forming a bullish flag pattern on the 3H timeframe. I'm expecting price to breakthrough to the upside and reach the 0.89300 resistance area.

Charles-OW

Possible cup & handle pattern on the 15M timeframe. Waiting for the break of the pattern and retest of the handle to confirm my my entry.

Charles-OW

By the looks of it, price has broken through the ascending triangle pattern to the upside. With golds bullish momentum plus the break of the pattern to the upside, I’m expecting price to reach the resistance area of 2070. Previously, the resistance area of 1830 was strong, so I’m waiting to see if price retests that area once again before it continues its bullish...

Charles-OW

At the moment, this pair has created what seems to be a falling wedge pattern on the daily timeframe. I'm waiting for a break of the channel followed by a retest of the support drawn or a retest of the channel.

Charles-OW

On the 9th of this month, a week ago, I posted my sell trade for this pair. I believed this pair would lose bullish steam when it reached the resistance area that I marked out. Now after seeing this pair sell off more aggressively then expected, I’m expecting price to reach my support area and rebound back to the new resistance area of 1.57400.

Charles-OW

On the 1H timeframe, price seems to have made a pattern that resembles an ascending triangle. This is after the bullish run it had about 2 weeks ago. This could be a good indication that there’s still bullish momentum in this pair.

Charles-OW Updated 

I believe this pair will lose bullish steam after it reaches the 1.57150 resistance area. And that's why I'm going for a sell on this pair.

Charles-OW Updated 

I’m going through with the idea I previously posted for this pair. Price opened below my trend line on the market open and also retested the trend line. A nice break and retest.

Charles-OW

Ever since price came back under the 0.89000 resistance area, it’s been aggressively bearish. With the bearish sentiment in mind, it seems that price has created a a rising wedge pattern. This suggests to me that the bearish momentum is still strong for the time being.

Charles-OW

Price broke and retested the area of 1.63400. Since I’m sell bias on this pair, I’m going with the possible head & shoulder pattern that appeared on the 1H timeframe.

Charles-OW

This pair has broken the major support area of 1.34200. From what I can see, this pair is travelling in a descending channel. With that, I’m expecting price to continue its bearish momentum until it reaches the 1.32000 support area.

Charles-OW Updated 

At the moment, this pair is breaking through my falling wedge pattern to the upside. Now I'm expecting a retest of the pattern before a bullish continuation to the next resistance.

Charles-OW

On the daily timeframe, price reached the resistance area of 125.600. This caused price to become bearish for a short period of time. By the looks of it, price will make a head & shoulder pattern before it continues its bearish momentum to the support area of 119.000.

Charles-OW

From what I can see, price has broken through my support level on the 1H timeframe. Now I’m expecting price to retest the descending trend line, before a bearish continuation to the next support.

Charles-OW Updated 

The reasoning for my sell limit is because I believe gold will fall after it reaches the 1830 resistance area. That area has held strong 4 times so far, with the next touch of the area, price will be outside my symmetrical triangle, which I can consider a break & retest of the triangle.