Keylevels
Bear Momentum May Slow Down This WeekI didn't focus on this pair as much as I wanted to.
So the swan dive that came from this pair looks to be slowing down for just a little bit. Looking for a pullback before continuation. CAD news this week may help it some. So let's see if the momentum has slowed down or not this week.
BULL TPS:
• 80.666
• 81.391
• 82.172 (stretch TP if it can break TP2)
BEAR TPS:
• 79.792
• 78.887
• 78.192
Pullback Due Before ContinuationWell, this is a juicy setup.
We have an ugly wick bounce to end the week so this pair can go up to create a new lower high aka the pullback. I don't see it coming back all the way up yet thanks to the Coronavirus putting China and its economy on a bit of a hiatus. So I wanna see how far up we can go before coming back down.
BULL TPS:
• 1595.92
• 1608.85
• 1629.31
BEAR TPS:
• 1566.50
• 1539.12
• 1527.05
The Bull Market is Strong With This OneWith Gold looking extremely bullish, looking for a pullback to the daily to 1629.31 before a continuation. After looking at the higher timeframes, I don't see any slowdown for the bull markets yet. But since this is the end of the month, we have to see what it wants to determine before the new month begins.
BULL TPS:
• 1662.05
• 1684.68
Will post new TPS once it clears those. We are in a monthly zone. So reaching that daily will mean we have broken out of it and will continue up.
BEAR TPS:
• 1629.31
• 1611.27
Consolidation May Lead To A PullbackThis looks like a higher low is due before continuing up. So this may begin as a pullback before continuing up. Let's see how the markets play out. When it resumes the long, taking it to the weekly at 85.691.
BEAR TPS:
• 83.956
• 83.624
• 83.136
BULL TPS:
• 84.478
• 84.889
• 85.691
Currently In the Mist of A PullbackIf you weren't paying attention to this pair, you missed one heck of a drop! We are currently in pullback mode, but it won't last for too much longer since this pair actually broke out of multiple weeks long range.
So we'll be trading this pair until the pullback is complete or, if you want, when the continuation begins.
BEAR TPS:
• 1.42917
• 1.41912
• 1.40732
BULL TPS:
• 1.43824
• 1.44566
Retracement Determines Next MoveKeeping this short and sweet this week.
All the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
BULL TPS:
From the 1.45942 zone…
• 1.46382
• 1.47075
• 1.47542
BEAR TPS:
• 1.45942
• 1.45571
• 1.45161
• 1.46641
Major Key Level Reached For Strong SetupThis pair will be important to look at this week because of the weekly SR it made to… it hasn't been there since 2010. So that means this is a major setup forming.
This key level has delivered strong respect off support the last time it was hit. Let's see will it do it again. If not, I have one short TP that I'm aiming for… that is, if it can breakthrough.
BULL TPS:
• 0.88893
• 0.89372
• 0.89801
BEAR TPS:
• 0.86927
Waiting For Retracement to Reveal The Next MoveKeeping this short and sweet this week.
The majority of the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and the next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
It looks like it's not done falling, yet it's running out of steam. What happens this week will determine if we have a pullback for continuation or a flat out reversal.
Let's see can it get to that monthly SR level below at 107.555.
BEAR TPS:
• 108.235
• 107.917
• 107.567
BULL TPS:
• 108.760
• 108.935
• 109.247
Will The Bullish Channel Remain Respected?I gotta share gold. I like too much not too.
So we're in this bullish channel. And until this is broken, we're going to keep going up. Want to see can it make it to 1611.27 area to see if reversal happens there if the channel continues to be respected.
BULL TPS:
• 1593.26
• 1606.02
• 1611.27
BEAR TPS:
Has to break out the channel to get these…
• 1580.07
• 1571.05
• 1565.82
• 1551.49
EUR/CHF: Quasimodo Pattern for Buy PositionThe EUR/CHF price has a nice rally in the last couple of hours,
This rally creates also Quasimodo pattern which is a reversal pattern.
The right level to buy EUR/CHF is the demand below, if the price reaches there I'll buy.
The final target will be the supply above.
GBP/USD: Opportunity for Swing Sell PositionAs we can see in this H4 chart, the GBP/USD price created a new supply above earlier today.
It seems like a great level for sell position as a for swing traders.
If the price retraces that supply I'll sell there and the final target for this position will be the support below.