Fairmont-Markets

Fairmont-Markets

Target of 1.2682 posted yesterday has exceeded. Look for further down trend towards 1.2621 but trade lightly as a reversal may be possible.

Fairmont-Markets

The Gann Fan shows strong resistance from the 1/2 line. A break below the 1/1 trend line + 20 pips filter would confirm a reversal with the 2/1 line acting as the next major support. TP in the 1.2682 region.

Fairmont-Markets

A Bullish Butterfly Harmonic pattern formed on the H1 chart shows price may soon bounce from the lows. Use tight stop loss as trade tensions and market volatility still play a bigger role

Fairmont-Markets

Five wave pattern.

Fairmont-Markets

3RD Wave of the Elliot wave is in the process. Targets are pegged at 1287 for 3rd impulse wave and 1293 for 5th wave.

Fairmont-Markets

A Gartley formed on the 30M chart shows price potential rally to the 57 handle and then a correction retracement back to 53.

Fairmont-Markets

Gold is in the process of forming a symmetrical triangle after the rally. Wait for the completion of the fifth wave(E). A break of wave E to the top side above wave D will confirm an uptrend with resistance at 1280 and possibly rise again to 1307. Alternatively a move of wave E below the trend line will move price further down to 1242 area.

Fairmont-Markets

Bearish price pattern formed on H1 chart

Fairmont-Markets

Bullish butterfly harmonic formed on H1. BUY: TP = 1.27023

Fairmont-Markets

Bearish Gartley formed on H1 chart. I suggest a SHORT option.

Fairmont-Markets

Head and shoulder on H1 chart

Fairmont-Markets

Bearish Gartley formed last week has still not reached the TP target of around 1.2644 area GBPUSD may continue the downtrend before any chances of reversal.