I have been watching gold -0.13% . Anticipating, a long position; Within this bullish channel . 3 steps of higher highs and higher lows are seen on the Daily Chart . After those seris of moves. We have a ascending wedge . This trade can be executed a few different ways. My way is the most simple,with the best risk reward. As i am typing this, my entry of 1262.85...
XAGUSD -0.34% I have been watching its movement. And got involved in the bullish channel illustrated in the analysis earlier this week. I have patiently waited for this bullish trend to complete. That came from the advance Bullish Bat formation. i highlight the strong price in red. This price Has served as a slow of its momentum. XAGUSD 0.29% can either gain...
5/28/2017 I put this analysis together. In the event that GBPUSD would confirm the pull back to the A leg. 1.28435 Which has just completed at 8am on Monday Morning. I would short it. We are currently in the field in which i am awaiting Doji confirmation that this is pair will exhaust and have a reversal. I am preparing for a strength mod in the DXY these coming weeks.
USOIL I have dedicated this entire week observing its action. And why its moving as it has. 47.34 is a strong support field. Consolidation was observed for some time. The aggressive bullish activity has shot the price; back into the consolidation field where it previously was comfortable in consolidation for some time. So First selloff in (about 96days) As...
Breaking Down GBPUSD i was able to discover a very strong support level at 1.27000. Price action has been turned away by aggressive sellers 4 times firmly. Confirming the resistance level. Illustrated in the chart. I am predicting a possible short opportunity just above the F.786 The Upper Yellow trend line showing the weakening of bullish occupancy. GBP news...
DXY Observation being done to help verify my XAUUSD Short Opportunity. DXY being the adjacent pair to gold. Makes for observing opportunities. If DXY continues to show bullish activity and breaks the price the resistance structure of 100.65-.70. It will verify my short position in XAUUSD I am not opening a trade on this Index.
Upon breaking down EURAUD I was able to discover a advance pattern formation. Bullish Cypher. Completion of the D leg has occurred and the first rejection so far has taken place. This pair can attempt the price of 1.41475 multiple times before committing to a reversal. So far, We have gotten exhausted candles illustrated in our H1 and H2 charts. I am...
Breaking down GBPJPY i was able to observe a wedging effect to take place under some extended ranging or consolidation time. I am expecting a bullish breakout to the upside. My illustration describes what we observed. And how the pair may play out. I am considering some Orders. That i will later add in the comments.
Upon observing GBPJPY I have Noticed the over all bearish activity. and also how much bullish activity that played apart in its price action progression. The descending wedge pattern being formed may be approaching a breakout. As illustrated, i was created a "ejection box". If price action enters and closes within this box. It could have some time to gear up...
Looking to possibly setup a Short On this swing trade idea. This pair has been widely ranging for quite some time. DXY is the adjacent chart that can be used to reference possible movements for this pair. We observed a ABC Formation- Expecting a Double Top at the top around the ranging field. 0.75195 I am observing a rejection. But we still do believe that price...
Breaking down AUDJPY i was able to observe that the high was tested at 87.425 earlier today and was not able to break the price. That is a structure being held from DEC12th It doesnt lead me to believe a reversal is next. I believe a retest in this price will occur; Or consolidation will occur between the the structure price range given in the graph. I am seeking...
USDCAD Observation today i am recording a descending wedge. I am expecting this pair to exhaust selling power at the 1.29885 region. FIB Confluence approved the zones. Awaiting for the pair to sell out and exhaust, to potentially buy it up. I set an alert for when the pair breaks previous structure to the down side. Then ill set my by stop as price action goes...