TAKE A DIVE, WILL YA? SELL GOLDThis is my day trading strategy on gold and i expect the market to give us a reversal anytime from now! So let's eat
Forex-analysis
USD/CAD - 03/11/2021USD/CAD (H4) - don't be fooled with price breaking out of consolidation, the range has just extended to that fake out and has not clearly broken so we cannot target buys with the HTF direction until price breaks 1.24286
USD/CAD (M15) - similar to GBP/JPY we are in this consolidation, ideally I will want to target sells on the break of 1.24156 which could be a risk as it is only an interim level but if this fails then I will be looking to buy the market at 1.24209 and just wait till price reaches the H4 resistance to decide whether we should hold.
GBP/JPY - 03/11/2021GBP/JPY (H4) - price currently floating around in this range, we are still maintaining bearish structure on the H4 and we have multiple wick rejections to the upside showing price to break higher so I am leaning over to sells more than anything but if this changes I will adapt to the market with plans for buys. Targets for sells will be 154.742 and buys 155.887
GBP/JPY (M15) - we can see this consolidation a lot clearer on the 15 minute timeframe. We could use the trendline on the current leg of the M15 to look for breaks to short down to support of the consolidation on the 5 minute but the big trade will be if price breaks 155.073
USD/CAD - 02/11/2021USD/CAD (H4) - Still not left this consolidation but price is showing very bullish. I will still be waiting for the break of 1.24030 to look for anything major but we do potentially have a nice trade for a small R that we can take up to resistance.
USD/CAD (M15) - Price has broken out of resistance of 1.23847 if we get price retesting this level then we have a 18 pip rang where we could squeeze a 1:2 up to that H4 resistance but we need that retest first.
GBP/USD - 02/11/2021GBP/USD (H4) - weak break out of support of 1.36713 and price has found new support of 1.36510. We have formed and hourly double bottom but I don't believe this will hold and price should follow suit bearish with GBP/JPY. Just need to wait for the break.
GBP/USD (M15) - Very messy structure here so just bear with this one. Try avoid the noise and just look for price tapping back into 1.36478 and look for the break for sells as this would be the break of H4 support.
GBP/JPY - 02/11/2021GBP/JPY (H4) - Finally broke through that support level of 155.993 with really strong momentum and have just closed below the next support to with the last H4 candle, momentum has not continued from the break of 155.380 but price is failing to break back above which is showing good signs of continued sells. We could just be seeing a retest before price continues bearish throughout pre London and London open.
GBP/JPY (M15) - We can see how weak this pullback is on the 15 minutes.
1) we can see clear bearish structure being presented with the lower highs and lower lows forming.
2) the strong M15 break and weak retest suggests sellers are still in control.
3) we have a new low being formed which we can use as an entry level for continued sells.
USD/CAD - 01/11/2021USD/CAD (H4) - been sat within this range since the 18th of October. Hopefully this week we should see either a break of resistance at 1.24030 or a support break of 1.23156 either way until then I would be very wary about executing any trades for now. We do however have a break and retest pattern of 1.23756 which does suggest that we could see a break of resistance early this week so eyes would be on buys for now.
GBP/JPY - 01/11/2021GBP/JPY (H4) - currently trapped in this consolidation ranging between resistance of 156.689 and support of 155.993. We do have a major level of support from the daily that is failing to break. If we do manage to close below support we could see price start to sell off quite aggressively however if not we will be looking for buys above 156.689
XAU/USD [H4]Hello every body.Hope every thing is O.K.
As the price has broken the uptrend channel, It might have started a down trend ,so we should find suitable SHORT positions.
And according to Fibonacci levels and support & resistance area,TP1=1765 and TP2=1755 could be set.
If the price goes back in to the uptrend channel and closes the candle price in the channel,the analysis will fail and we can set the SL there.
Have a good time.
Amiran
1NCH WILL BE MORE LIKE 9INCH VERY SOON!! BUY 1NCHUSDT1inch is making a deeper pullback and that is likely to continue all the way to the previous structure resistance which should now act as a support and should be enough to resume the uptrend. The market is currently forming a short term sell setup so we should probably expect some downside in the next couple days before we finally start heading to the sky
NZD/JPY Signal - JPY Tokyo Consumer Price Index - 29 Oct 2021NZD/JPY has corrected after a strong push to the upside. JPY Tokyo Consumer Price Index data just released data, which came out negative. Technically the pair is holding the support trendline and we are looking for continued upside into the 83.00 level.
NZDJPY has a bullish seasonal tendency through to the end of the year.
FOOD IS ON THE TABLE, NOW EAT!! BEARISH GARTLEY ON AUDUSDI'm a bit late posting this one but advanced pattern is an art and sometimes that can take time to make it as beautiful as this is!!! Better late than never, right? Stops and targets are all on the chart!
NZD/JPY Signal - NZD Credit Card Spending - 21 Oct 2021NZD/JPY has traded into a 4 year high prior to the NZD Credit Card Spending data. Technically the Daily chart RSI is oversold, and the 1h chart rsi has bearish divergence. We have just exited our buy trade, and are now looking to reverse our position!
USD/CAD - 20/10/2021(H4) - USD/CAD looking very bearish right now, we failed to hold below support of 1.23465 however soon as we came back up to that trendline price hit traffic attempting to push higher and failing. We have multiple wick rejections, indecision on the bearish trend and now we have seen that bearish push. Looking for targets down to 1.23202
(M15) - USD/CAD already broken structure of 1.23465, just need to wait for some kind of pullback now to look for entries with targets down to 1.23137
GBP/USD - 20/10/2021(H4) - GBP/USD looking like it has just created that higher low. We will need to see a higher high to confirm this but I am confident enough to anticipate this as we have all the confluences lined up. As long as we break above 1.38063 then we should see a continuation up to targets of 1.38259
(M15) - GBP/USD already at structure again. Looking for that break of 1.38109 for entries up to 1.38305
STRUCTURE TRADING! BUY EURUSDThis is a classic structure trading om EURUSD. The market has respected support structure and we can expect a move back up to test previous resistance structure
DAY TRADING GBPUSD! Skyfall Pattern! SELL GBPUSDThis is another one of my favourite day trading pattern and i expect this market to make a move down for the rest of the trading day
GBP USD DAY TRADING PATTERN! SELL GBPUSDThis is one of my favourite day trading pattern on the GBPUSD and i expect the market to give me a move to the downside!
GBPUSD DAY TRADING: ANOTHER STRAIGHT PATTERN! BUY GBPUSDWe have another straight pattern here on the GBPUSD and we can expect the market to continue moving up for the rest of the day!
DAY TRADING ON GBPUSD! STRAIGHT PATTERN! BUY GBPUSDThis is one of my favourite pattern to day trade on the GBPUSD and if the market plays out then we can expect a rally for the next few hours and that will likely hit both our targets.
GBPJPYThis is my outlook on the GBPJPY. Price is currently approaching a resistance zone which has been a strong reversal zone in the past. Probably, price may reverse at this zone depening on how it approaches and reacts from it. Therefore, we await a bearish reversal confirmation.
Thanks and good luck.
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EURAUDHere on the EURAUD, price has approached a strong support zone and is currently reacting to this zone. This may be an opportunity to Long the market as it forms a double bottom.
Thanks and good luck.
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