FX.co ★ ashar | Ayazfx's - Trading journal

hello my dear sir today my tachncal analysis The upward trend was reinstated, although sellers try to break through the support of 1460–1455, were not successful, and the prices rebound above 1500, only to prove that it was too much to sell Is early. I expect a steady increase in the area of 1533–1535, after which there may be a small rollback and move up to the resistance level of 1550–1555, but it would be necessary to see beforehand to be able to consolidate, There will be a simple test of the level with the upward trend continuing or reversing later.
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Good morning We could be seeing a descending wedge beginning to develop. It may be too early to tell whether it is instead a descending channel , but keeping an eye on it once it reaches the support zone should be good indication of a bullish or bearish breakout depending on which way it moves outside the pattern even if it is a channel An Inverted head and shoulder set up is seen on the XAUUSD pair’s 4 hour chart. The neckline of the pattern is formed around the 1510 handle