#USDCHF: Bearish Move From Key Level USDCHF looks overbought to me, The price formed a double top pattern approaching a key structure resistance. Its neckline has been just broken. Probabilities are high that we will see a correctional movement on the pair. Goals: 0.935 / 0.931
#CADJPY: Classic Trend-Following Setup CADJPY broke and closed below a support line of a bearish flag pattern. Taking into consideration, that the pair is trading in a bearish trend, that violation may trigger a sell off. I expect a bearish continuation to 97.05 / 96.1
#USDCHF: Detailed Technical Outlook ⚠️USDCHF is currently consolidating. The price is stuck between 2 horizontal key levels that compose a range. 0.9425 - 0.946 is the resistance of the range. 0.9285 - 0.9306 is the support of the range. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios: 1️⃣If the price breaks and closes above the resistance of the range, a bullish continuation will be expected at least to 0.9537. 2️⃣If the price breaks and closes below the support of the range, a bearish move will be expected to 0.9193 support. Wait for a breakout, that will clarify the future direction of the market. Also use Directional Indicator for confirmation!
Binance Coin (#BNBUSD): Very Bearish Outlook! Here is Why: Have you seen that huge head & shoulders pattern that was formed on Binance Coin on a daily. After yesterday's fundamentals, the price successfully violated its neckline and closed below that. Probabilities are high now, and the market will keep falling. Goals: 256 / 243
Gold (#XAUUSD): Important Bullish Clue on a Weekly Gold has nicely respected a major weekly structure support. The market formed a bullish engulfing candle after the test of structure, and then we saw a very nice rejection from that. It looks like Gold may go higher. Next resistance 1925. Remember, that weekly time frame chart unveils a long-term perspective. So it may take weeks, before the price reaches the target.
#GBPAUD: Time For Pullback GBPAUD reached a key daily structure resistance. The market was nicely rejected from that on 4H first, then, a bearish engulfing candle was formed. I expect a retracement from that structure. Goal - 1.804
S&P500 Index (#SPY) Bearish Outlook Explained S&P500 reached a solid horizontal key level. The price formed a tiny double top on that and a doji candle. Now, bears are pushing. I expect a fall to 3886 / 3851
#NZDJPY: Pullback From Key Level NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame. Its neckline has just been broken. I expect a pullback to 83.24
It is really really really time for you to do live trading rather than giving advice to newbies. No point telling us all the support resistance double top double bottom triple top triple bottom doji pattern butterfly Gartley pattern bullish engulfing bearish engulfing three white soldiers three back soldiers head shoulder head dark cloud cover floor ceiling moving average cut stochastic cut neck line broken structural things. You can never learn unless you do live trading. When you enter the live trade, just let us know when precisely when you enter, and where is your hard stop. It is very important you document your live trading in this Journal. And that is how to track your progress. In summary, time for you to progress. Instead of giving advice, go do live trading. And document your trades here. It is very clear based on your 76 postings, you have lots and lots of things to learn about trading. Just ask this very simple question : Who would trade NZD when NZD is sleeping ?!?!?!?!?!? All the best mister.
NZD and Japanese Are SLEEPING !!! Your average win rate is going to be less than 10%. Really no hope for you. you have tons of things to learn howto trade