AUDUSD Analysis
Price has broken out and re-tested the 4H Bearish Flag, as well as tapping the 4H Downtrend Channel.
The DXY has broken out of the 4H Resistance at 102.400, and I expect price to move on towards the next 4H Resistance at 103.600, signifying the strengthening of the USD.
Based on technical analysis, price action is extremely bearish due to the aforementioned factors.
I expect price to continue dumping on downwards to the next 4H Support at 0.65300.
Price has broken out and re-tested the 4H Bearish Flag, as well as tapping the 4H Downtrend Channel.
The DXY has broken out of the 4H Resistance at 102.400, and I expect price to move on towards the next 4H Resistance at 103.600, signifying the strengthening of the USD.
Based on technical analysis, price action is extremely bearish due to the aforementioned factors.
I expect price to continue dumping on downwards to the next 4H Support at 0.65300.
🇯🇵JPY UPDATES🇯🇵
Yen falls as BOJ stands pat.
The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy in a closely watched policy decision, matching market expectations.
🇯🇵Impact on JPY: BAD, until April
@Forexcounselor
Yen falls as BOJ stands pat.
The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy in a closely watched policy decision, matching market expectations.
🇯🇵Impact on JPY: BAD, until April
@Forexcounselor
𝐁𝐑𝐄𝐀𝐊𝐎𝐔𝐓 𝐏𝐀𝐓𝐓𝐄𝐑𝐍
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction.
𝐄𝐗𝐀𝐌𝐏𝐋𝐄 , a breakout to the upside from a chart pattern could indicate the price will start trending higher.
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction.
𝐄𝐗𝐀𝐌𝐏𝐋𝐄 , a breakout to the upside from a chart pattern could indicate the price will start trending higher.
#XAUUSD ANALYSIS IN H4 TIME FRAME
GOLD MAKE BEARISH PENNANT PATTERN
𝐖𝐇𝐀𝐓 𝐈𝐒 𝐀 𝐁𝐄𝐀𝐑𝐈𝐒𝐇 𝐏𝐄𝐍𝐍𝐀𝐍𝐓 ❓
A Bearish Pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They're essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
GOLD MAKE BEARISH PENNANT PATTERN
𝐖𝐇𝐀𝐓 𝐈𝐒 𝐀 𝐁𝐄𝐀𝐑𝐈𝐒𝐇 𝐏𝐄𝐍𝐍𝐀𝐍𝐓 ❓
A Bearish Pennant is a technical trading pattern that indicates the impending continuation of a downward price move. They're essentially the opposite to bullish pennants: instead of consolidating after a move up, the market pauses on a significant move down.
GOLD Analysis (Breakdown of GOLD Livestream Win)
Price was hovering between a small 15M range, between 2033.71 & 2030.00.
Price broke above the 2033.71 level, retested it, and a BUY entry was taken after price broke above the high of the re-test candle, at 2035.00. (This is a standard Break, Re-test, Continuation pattern, with clean traffic on the left to signify price moving smoothly to the next key level.)
TP targets were set at the next key resistance at 2040.00, and SL were under the low of the breakout candle at 2031.00.
Price was hovering between a small 15M range, between 2033.71 & 2030.00.
Price broke above the 2033.71 level, retested it, and a BUY entry was taken after price broke above the high of the re-test candle, at 2035.00. (This is a standard Break, Re-test, Continuation pattern, with clean traffic on the left to signify price moving smoothly to the next key level.)
TP targets were set at the next key resistance at 2040.00, and SL were under the low of the breakout candle at 2031.00.
GBPJPY Analysis
Price is currently hovering between 187.500 & 187.020.
I will be looking for BUY entries above 187.500, and SELL entries under 187.020, after price breaks out of the range and forms a confirmation pattern for entry.
I expect this to come into fruition during London or New York.
I will keep all of you updated.
Price is currently hovering between 187.500 & 187.020.
I will be looking for BUY entries above 187.500, and SELL entries under 187.020, after price breaks out of the range and forms a confirmation pattern for entry.
I expect this to come into fruition during London or New York.
I will keep all of you updated.
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⚜️ XAUUSD (GOLD)✨️
🟢 BUY ENTRY 🟢
🎯ENTRY :- 2034 - 2037
✅1 TP :- 2040
✅2 TP :- 2043
✅3 TP :- 2047
❌S/L :-2030
✨️Use Proper Money Managment
🟢 BUY ENTRY 🟢
🎯ENTRY :- 2034 - 2037
✅1 TP :- 2040
✅2 TP :- 2043
✅3 TP :- 2047
❌S/L :-2030
✨️Use Proper Money Managment
This media is not supported in your browser
VIEW IN TELEGRAM