August 26, 2018 – I Love Trading

EURUSD inverse head & shoulder pattern on H4

August 26, 2018 Admin

EURUSD staged a massive rally last week and has closed the week above 1.1600 level. This upward movement has been largely due to USD weakness rather than EURO strength. We can see an interesting pattern on the 4-hour time frame. It is an inverse head & shoulder pattern. This is a very bullish sign for the pair, especially when there are signs that USD may further weaken. Trading preference The preference is to buy the pair, especially if it can break above 1.1630 level (Friday high). Recommended forex brokers

XAUUSD forms a bullish harami 27-Aug-2018

August 26, 2018 Admin

A bullish harami has formed on the weekly chart of price of Gold. This is a bullish sign. Gold closed the week above the important level of 1200. The market has bounced from this area previously. We can also see that this move has broken the up trendline on 4-hour charts. Trading preference It is possible that Gold is getting ready to rally as USD is expected to weaken. If you are entering on the H4 chart, it is a good idea to see if there is a retest of…