Charles-OW

Charles-OW Updated 

At the moment, price is travelling in between the resistance area of 1.59000 and the support area of 1.57200. Price has recently rejected the resistance area, with that, I’m expecting price to go back down to the support area mentioned. By the looks of it, there’s a possible head & shoulder pattern to help the bearish momentum.

Charles-OW

Possible head & shoulder pattern on the 15M timeframe. Since this pair is currently in a bearish trend, I expect this bearish pattern to hold.

Charles-OW

Possible break and retest pattern on the 4H timeframe. With the strong bearish momentum this pair has on the higher timeframes, I’m expecting the momentum to continue until price reaches the support area of 127.500.

Charles-OW

From the looks of it, this pairs reacting negatively to the double top pattern on the 4H timeframe. With the strong bearish momentum, price broke through the support area of 0.72700. Expecting price to retest the broken support before continuing its bearish momentum.

Charles-OW

By the looks of it, price is respecting the head & shoulder pattern on the 30M timeframe. With that, I’m expecting a retest of the previously broken neckline before a bearish continuation.

Charles-OW Updated 

Back on the 4th of January, I posted an idea about this pair rejecting the support area of 1.55800 and going up to the last major resistance. But now, it looks like price will be travelling between the resistance area of 1.59000 and support area of 1.55800.

Charles-OW

By the looks of it, gold couldn’t break the resistance area of 1827. With the resistance holding, price has broken the support area of 1815. I’m expecting a break & retest of the broken support before a continuation to the next support area.

Charles-OW

Possible head & shoulder pattern on the 4H timeframe. By the looks of it, price has broken through the support area of 1.57400. Now waiting to see if a retest happens before a continuation to the downside.

Charles-OW Updated 

From what I can see on the daily timeframe, this pair has broken and is in the process of retesting the descending trend line. On 3 separate occasions, this pair has had impulsive moves to the upside, with the most recent one being at the support area price is at now. With that, I've decided to go long.

Charles-OW

By the looks of it, this pair previously made a head & shoulder pattern. Broke through the neckline and has now come and retested the neckline before continuing its bearish momentum.

Charles-OW

Possible triple bottom rejection added with what looks like a break & retest of the descending trend line on the 4H timeframe.

Charles-OW Updated 

From what I can see, price has rejected and created a double top pattern at the resistance area of 1.06300 on the 30M timeframe. It’s been making lower higher ever since. I’m expecting the bearish momentum to continue.

Charles-OW Updated 

On the 1H timeframe, this pair still looks to have strong bearish momentum. Recently, price broke through a rising wedge and the intraday support area of 1.72000. I’m expecting price to retest the recently broken support before continuing its bearish momentum.

Charles-OW

Possible break and retest on the 4H timeframe. Back on the 4th of January, I posted an idea about this pair becoming bullish after reaching the support area of 1.55800. Since then, this pair did become bullish. More bullish than I expected. I still believe price is aiming to reach the resistance area of 1.61600.

Charles-OW

Possible break & retest on the 1H timeframe. At first, this pair looked to be making a head & shoulder pattern. But price dismissed that idea with strong bullish momentum past the resistance. I believe this pair will continue being bullish until it reaches the major resistance area of 93.000.

Charles-OW

I recently posted an idea about this pair, which ended up being wrong. It looks like price what’s to retest the recently broken resistance area. Could be a possible break & retest before a continuation of bullish momentum.

Charles-OW

On the 1H timeframe, price is in the process of creating what seems to be a head & shoulder pattern. If the pattern does holds, I expect price to retest the support area of 1.26200. I believe when price retests that area again, price will become bullish. I think this because on the daily timeframe, it seems like price is in a pullback phase of a bullish reversal.

Charles-OW Updated 

Possible head & shoulder pattern on the 4H timeframe. On the daily timeframe, price failed to break through the descending trend line. This could what looks to be a trend reversal.