


Charles-OW
EssentialI’ve decided to extend my SL, since my first one was tighter than I would like it to be.
Possible inverse head & shoulder pattern on the 1H timeframe. Just waiting for the break of the neckline for an entry.
With USD pairs looking like their losing strength, we could see possibly shorting ideas come up.
This pair hasn’t reached the support area of 127.950. I believe the next touch of the trend line will result in price pushing down to that area.
As we can see, this pair has broken through the support level of 1.87600. I believe the next time price revisit this area, it will become bearish and push down to the area of 1.82600.
On the daily timeframe, price has broken the support area of 1.16000. With that, I’m assuming price will continue its long bearish momentum until it reaches a strong support level, which I think will be in the area of 1.11800.
I originally posted an idea about this pair on the 7th of September. After almost a month, it seems to be almost at my projected target.
By the looks of it, price seems to be travelling in a descending channel.
This pair has been bullish for over a week. Its recently reached a weekly resistance, so there's a possibility that we could see a sell-off after the break of the neckline.
Since price is still in a downtrend, I expect the head & shoulder pattern to be valid.
By the looks of it, price has made a head & shoulder pattern on the 1H timeframe. Possible break & retest of the downwards trend line.
Going by past price action, the last time price was in the 111.600 area, it was sold aggressively. So I'm going with the idea that the next time price reaches that area, the same thing will happen.
Possible head & shoulder pattern on the 30M timeframe. I would wait to see if price breaks the neckline instead of getting in on the shoulder. This is because price has been bullish since the 23rd of this month. So this pattern could be a fake setup.
When the market opens tomorrow, I’m putting my buy limit in. I believe since price is close to the support area of 1.16650, price will revisit this area first before any trend reversal happens.
Possible break and retest on the 4H timeframe. Looks like price doesn’t want to break the 1.25900 area.
I saw a head & shoulder pattern on the daily timeframe and I've gone with that.
I’ve decided to close my short for gold early. I believe the dollar will become bearish, resulting in gold becoming bullish. So I decided to take my profit before it reverses.
After price reached the resistance area of 1.51000, it became bearish. So going by that, I’m only looking for sells for the time being. Right now, there seems to be a possible break and retest pattern available.