Gold:
*
Friday daily candle took out 7 previous daily candles, but left a sketchy wick to the downside. Yesterdays daily candle finished as a doji candle off of a minor daily demand level, but also wicked off of a weekly supply level. At the moment today's daily candle is bullish, but we have 8 hours left in the day. H4 is pretty choppy and no candle has broken the daily demand zone yet. M15 is consolidating as well, so I will wait until price decides to show me something before looking for an entry.
GBPJPY:
*GJ Daily momentum is bearish with the last two daily candles forming a massive engulfing, and a bearish candle with a nice wick left behind. But we are sitting on a weekly demand level, and price on M15 is still within bearish structure. If anything I am looking for more sells on GJ into the 135.30 level where a daily level is sitting. I will need a confirmation on the M15 to enter though.
AUDUSD:
*
Friday daily candle took out 7 previous daily candles, but left a sketchy wick to the downside. Yesterdays daily candle finished as a doji candle off of a minor daily demand level, but also wicked off of a weekly supply level. At the moment today's daily candle is bullish, but we have 8 hours left in the day. H4 is pretty choppy and no candle has broken the daily demand zone yet. M15 is consolidating as well, so I will wait until price decides to show me something before looking for an entry.
GBPJPY:
*GJ Daily momentum is bearish with the last two daily candles forming a massive engulfing, and a bearish candle with a nice wick left behind. But we are sitting on a weekly demand level, and price on M15 is still within bearish structure. If anything I am looking for more sells on GJ into the 135.30 level where a daily level is sitting. I will need a confirmation on the M15 to enter though.
AUDUSD:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.