Gold:
- Two days ago Daily price rebounded and shot up off of the daily level to previous price before the selloff. Price is currently respecting that sell off daily level with yesterdays candlestick forming a hammer. H4 price has yet to close above the daily level consolidating for 10 candles (40 hours) but still trading above the EMA. Price on M15 is ranging between the previous high and low set yesterday. I need to see a break of the highs or a retest or break of the lows for price to show me direction and then look for entries. My bias is a break of the lows off of Daily resistance levels and then I'm in on any retest of +1 or +2 levels.
GBPJPY:
- Yesterdays daily candle closed as a bullish engulfing, engulfing the 2 previous daily candles off of the weekly level and the psychological level of 137.00. H4 price broke above the EMA's and are currently throwing multiple wicks off of it. Price broke above the weekly level, came back to retest with a nice wick and then shot up to close above the level and EMA and has been trading above ever since. M15 price broke the MML and also third touch on the bullish trend line. Price just broke structure on the M15 time frame as well. This could be a high probability set up if we get a retracement into the +1 or +2 levels. Confluences include: Weekly Demand Level Rejection, Daily Engulfing Candle, H4 EMA Bullish Break, M15 MML Break, M15 Structure Break, if we get a retest of +1 or +2 with M15 bullish candlestick we are in.
AUDUSD:
- Close of yesterdays Daily candle was bullish with almost no wick left to the upside. Daily price also broke the daily resistance level and closed above the Daily EMA. H4 price broke the H4 and Daily levels and came back to retest the H4 level before taking off even further. Price has been trading above the H4 EMA for a couple days. We do have a weekly level and a minor daily resistance area around 0.66680. Price broke the H4 level on M15 and retested to bounce off, but price has been steadily rising since the restest with no clear HH or HL. Price will have to form a new high above 0.66447 for me to look at buy opportunities on the retracement.
EURUSD
- EU is wanting to fall retesting this +2 level and daily level perfectly with a nice daily wick and multiple H4 wicks. Price on M15 however respected the demand level lows to the exact price and rebounded bullish. I am waiting on a break of M15 lows/structure for a potential high probability set up and a massive H4 move to the downside that could be taken advantage of on smaller timeframes with multiple entries. Alerts set and patiently waiting on price to reveal its move to me.
- Two days ago Daily price rebounded and shot up off of the daily level to previous price before the selloff. Price is currently respecting that sell off daily level with yesterdays candlestick forming a hammer. H4 price has yet to close above the daily level consolidating for 10 candles (40 hours) but still trading above the EMA. Price on M15 is ranging between the previous high and low set yesterday. I need to see a break of the highs or a retest or break of the lows for price to show me direction and then look for entries. My bias is a break of the lows off of Daily resistance levels and then I'm in on any retest of +1 or +2 levels.
GBPJPY:
- Yesterdays daily candle closed as a bullish engulfing, engulfing the 2 previous daily candles off of the weekly level and the psychological level of 137.00. H4 price broke above the EMA's and are currently throwing multiple wicks off of it. Price broke above the weekly level, came back to retest with a nice wick and then shot up to close above the level and EMA and has been trading above ever since. M15 price broke the MML and also third touch on the bullish trend line. Price just broke structure on the M15 time frame as well. This could be a high probability set up if we get a retracement into the +1 or +2 levels. Confluences include: Weekly Demand Level Rejection, Daily Engulfing Candle, H4 EMA Bullish Break, M15 MML Break, M15 Structure Break, if we get a retest of +1 or +2 with M15 bullish candlestick we are in.
AUDUSD:
- Close of yesterdays Daily candle was bullish with almost no wick left to the upside. Daily price also broke the daily resistance level and closed above the Daily EMA. H4 price broke the H4 and Daily levels and came back to retest the H4 level before taking off even further. Price has been trading above the H4 EMA for a couple days. We do have a weekly level and a minor daily resistance area around 0.66680. Price broke the H4 level on M15 and retested to bounce off, but price has been steadily rising since the restest with no clear HH or HL. Price will have to form a new high above 0.66447 for me to look at buy opportunities on the retracement.
EURUSD
- EU is wanting to fall retesting this +2 level and daily level perfectly with a nice daily wick and multiple H4 wicks. Price on M15 however respected the demand level lows to the exact price and rebounded bullish. I am waiting on a break of M15 lows/structure for a potential high probability set up and a massive H4 move to the downside that could be taken advantage of on smaller timeframes with multiple entries. Alerts set and patiently waiting on price to reveal its move to me.
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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.
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.