Gold:
- Gold breached 1700. Also reacted perfectly off of that psych level as well as my weekly level forming a massive 300 pip H4 bearish engulfing, engulfing the open gap up. H4 showing good bearish momentum maybe down to the 1611 weekly level. M15 structure needs to show me a potential entry opportunity to go short.
GBPJPY:
- GJ gapped down at the open and then took a massive drop of almost 300 pips before respecting the psych level of 133.000. H4 candle threw a nice wick to the down side showing potential retracement due. M15 retracing a and maybe a little further to 135.60 levels or 135.29 daily level. Daily level 135.29 broken now turned resistance. Letting price play out on this one and form some structure before I look for any trades.
AUDUSD:
- AU sunk and reacted to the T off of my daily level at 0.63156 before retracing back up to opening price. Dropped and huge wick to the downside and is currently bullish. 2 H4 bullish candles formed off of a daily level so I'm expecting some more bullish movement today. I just need M15 structure to correlate the same message and show me an entry opportunity.
EURUSD
- EU gapped up but threw a H4 wick and formed 2 bearish candlesticks on H4 off of a daily level off 1.15000 psych level. Price also formed a double top on M15 with a bearish engulfing and divergence for a great bearish entry which I missed. Price is currently respecting the +2 M15 level so I will have to wait for a break of that level to look for any bearish entry opportunities.
- Gold breached 1700. Also reacted perfectly off of that psych level as well as my weekly level forming a massive 300 pip H4 bearish engulfing, engulfing the open gap up. H4 showing good bearish momentum maybe down to the 1611 weekly level. M15 structure needs to show me a potential entry opportunity to go short.
GBPJPY:
- GJ gapped down at the open and then took a massive drop of almost 300 pips before respecting the psych level of 133.000. H4 candle threw a nice wick to the down side showing potential retracement due. M15 retracing a and maybe a little further to 135.60 levels or 135.29 daily level. Daily level 135.29 broken now turned resistance. Letting price play out on this one and form some structure before I look for any trades.
AUDUSD:
- AU sunk and reacted to the T off of my daily level at 0.63156 before retracing back up to opening price. Dropped and huge wick to the downside and is currently bullish. 2 H4 bullish candles formed off of a daily level so I'm expecting some more bullish movement today. I just need M15 structure to correlate the same message and show me an entry opportunity.
EURUSD
- EU gapped up but threw a H4 wick and formed 2 bearish candlesticks on H4 off of a daily level off 1.15000 psych level. Price also formed a double top on M15 with a bearish engulfing and divergence for a great bearish entry which I missed. Price is currently respecting the +2 M15 level so I will have to wait for a break of that level to look for any bearish entry opportunities.
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.
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.