XAUUSD 4h"The context on the 4-hour timeframe is aggressively long with minimal liquidity work. I would like to see a swift break and the continuation of the price movement in the short direction."
Forex-trading
XAUUSDGood morning. Gold on the daily timeframe is in a short context after the price has settled below the marked fractal minimum. Until the price updates the 2010 level, we will continue to be in a short context. We have also covered the nearest imbalances above, and the target of this movement will be the fractal minimum at 1930.The only thing that raises concern is the equal highs at 2010."
GOLD SELL TILL 24 NOV 2023 On 24th Nov, Friday, or 27th Nov, Monday, gold will create a low at 1924 and change the market to buy. Also, on 27th Nov, it's a full moon, so we are expecting a change of trend from 24th Nov or 27th Nov. The market will create a major low, and on 12th Dec, gold will create a high of 1998, and the trend will change to sell. Let's see how the market will respect our analysis. Previous analyses indicate that gold followed very beautifully; let's observe this one.
EURUSDHello, everyone. Since yesterday's evening review, several important developments have taken place. As anticipated, during the Asian and London sessions, we continued to move in the short direction. Following a news-driven movement in the New York session, we absorbed liquidity formed by yesterday's movement and updated the price maximum. On the higher timeframe, we had a raid on the daily fractal formed on Tuesday. I also marked a potential break of the market structure on the hourly timeframe. If the price confirms below, I plan to work in the short direction; otherwise, longs will remain a priority.
EURUSD#EURUSD
After yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement. At the opening of Frankfurt, I considered a long position with targets to the nearest FTA (Asia High), and the position was closed at breakeven.
Tomorrow, I am ready to work in both directions—both short and long—since an sufficient number of imbalances has not been covered yet. However, there are also higher targets, such as equal highs and the absence of work with PDH.
Monitoring GBPNZD Trend StrengthGBPNZD has been such a weird pair for me. It gives off bearish vibes as annotated in my original analysis.
As labelled on my chart, I entered short last week and got stopped out a few days later. Now that price entered and then exited the previous range on the downside, I'm enticed to make another attempt at a short entry.
Plan is to wait for 1-2 more daily candle(s) close before making an entry decision. The reason is because I do not want to see strong overlapping bars, which may indicate market indecision or also known as micro-consolidation.
GBPCHF Momentum PlayBack in October, I managed to capitalized on the initial range breakout. Another momentum play has been observed based on the price action detailed below.
Price forms a lower high, which also indicates that we're likely seeing a price ceiling.
Momentum picks up towards the downside on the neckline break.
The range era has come to an end as price breaches below the lower boundary and successfully holds below it.
Very surprising v-shaped recovery, but new range has formed.
This is a very interesting break below the lower range boundary. Not only does price holds below this boundary, it also signifies that the v-shaped recovery is rather shortlived.
THE KOG REPORTKOG Report:
In last week’s KOG Report, we said we would be looking for price to attempt the high before finding resistance and then we would be looking to short the market. Initially targeting the 1980 level, and upon the break, we would have more confidence in lower pricing. We had the path showing the 1950-55 level and gave the extension levels of 1947-5 as the potential RIP zone.
Price followed the path nearly to the pip each way giving us a level to level, point to point move on Gold, not only the short down, but the bounce giving us a scalp capture to the upside where we wanted 1970 but got 1964.
During the week, we gave KOG’s bias of the day with the levels and activation of bearish below, completing all the bias levels and targets given. A great week of targets completing not only on Gold and the other instruments we trade, but Silver being the star of the show finishing off the week.
So, what can we expect in the week ahead?
Another choppy week is likely with whipsawing price action and swings in both directions. We’re at a crucial price point in Gold having broken the order region which is now on the flip. This structure, however, does complete in extension into the 1920-23 price region. This price point is important for Gold to stay above, as a close below here will lead us to lower pricing. This gives us the weekly resistance level now standing at 1950-55 order region which will be a crucial test and potential opportunity for any long trades. This is the price point we want to monitor with further resistance levels 1965 and above that 1970.
From opening and in the early sessions, if we see price attempt the lower support regions, upon holding and strong support, with a clear set up, we feel an opportunity to long into the higher levels 1950-55 and above that 1965 are reasonable. We’re too low here to short the market, so opportunities may come from higher up if gold wants to play nicely. For that reason, if we do push up during the early part of the week, we’ll target the long trades from the intraday support levels and Excalibur guiding us before looking for resistance to hold above, and then attempting the short trade back down to break the 1930 level. The path is shown on the chart together with the levels we’re looking at.
KOG’s Bias for the week:
Bearish below 1965-70 with targets below 1910
Bullish on break of 1970 with targets above 1985 and above that 1995
This gives us the potential range 1910-1985 for the week ahead.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GBPUSDThe pound appears even more technically sound compared to the euro. On Monday, with an aggressive movement, the price confirmed the structure by securing itself above the previous maximum and then reached the fractal maximum formed in September. Starting from Wednesday, we rapidly covered the imbalance formed since Monday. For the next week, similar to the euro, I expect a long movement with the potential for updating the maximum.
EURUSD 1h Analysis4h timeframe is still entirely bullish.
Here is a potential buy opportunity to the nest action point (4h Supply).
EURUSD Now (Still bullish on 4h TF)From my previous analyses, EURUSD continues to accumulate to the upside.
Here is a possible entry for a bullish continuation to take out the previous swing high.
Chart image:👇
ANALYSIS OF GBPUSD ON H1 TIMEFRAME 14/11/2023- GBPUSD's main structure is bearish, with a secondary structure showing a corrective rebound.
- At favorable Sell points, it is recommended to wait for the price to return to the area around 1.23643 to look for short-selling opportunities.
- For buying opportunities, it is advisable to wait for the price to reach the support level at 1.22394.
GBPUSD: Important Key Levels & Structure Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Horizontal Key Levels
Support 1: 1.2039 - 1.2110 area
Resistance 1: 1.2390 - 1.2463 area
Resistance 2: 1.2508 - 1.2580 area
Vertical Structures
Vertical Support 1: Falling trend line
Vertical Support 2: Falling trend line
The pair nicely respected a confluence point based on 2 falling trend lines.
Doji candlestick formation on that increases the probabilities that the pair will go higher.
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EURUSD#EURUSD Update
would like to see work with liquidity lower to confirm OF with targets of London High, but provided that the price is not fixed below
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY is very close to a current daily high.
To catch a pullback from the underlined red area,
monitor a 4H time frame.
I see a nice rising channel there.
Its support breakout (4h candle close below) will give you a strong bearish confirmation.
A bearish movement will be expected to 150.9 level then.
Alternatively, a bullish breakout of the daily resistance will push the prices to 151.9 level.
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EURUSD BUY NOW Hello my trader
We have head and shoulders
And we have very strong supply
So we should buy
eurusd#EURUSD
Preferably work with long positions for today, Everything what I saw yesterday is similar to building of liquidity, for further removal.
Another EURUSD SIGNALHello my trader Iam return for you
We have strong signal
15M and 30M
We have strong support and supply
And we have up trend
so I advice you to buy now
So we have head and shoulders
Swing Opportunity on GBPNZDThe price action I've observed on the daily timeframe points to a very nice bearish sentiment in five key points.
Price peaks in August by forming a range, which breaks near the end of that month.
Consolidation forms shortly after and downside momentum forces price to break below the lower range boundary.
This marks a technical trend change as defined by the crossing over the faster exponential moving average (EMA) below the slower EMA.
Price retraces in October and forms another consolidation.
In today's close, price retests the lower range boundary of this consolidation and holds below it; price currently exhibits continued selling strength.
