USD/JPY: Great Continuation Level for Sell Position.The supply above seems like a new fresh one.
It's a great level for sell position as a continuation trade.
I'll sell at this supply at the first touch of the price.
Keylevels
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
BUY EUR/USDWE ARE IN THE C WAVE UPWARD, WE ARE EXPECTING THE PRICE TO REACH A LEVEL OF 1.0990 AS PRICE.
Possible Bearish ContinuationThe bearish trend may continue for this pair. This will be marked up to make it to key levels.
Not much to say but trade to the next zones until it reaches a key level.
BEAR TPS:
• 1.29393
• 1.28824
• 1.28393
• 1.28055
BULL TPS:
• 1.29802
• 1.30550
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
GBP/USD: Great Continuation Level for Buy PositionThe demand below is a great level for buy position as a continuation position,
It seems the price on its way to reaching the resistance above.
I'll buy at the demand and the target will be the resistance.
USD/JPY: Next Critical Levels for PositionsIn the M30 chart, we can see that price between two critical levels.
The supply above is the next level to look for a sell position.
And the demand below is the next level to look for buy position.
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
AUD/USD: Continuation opportunityAUDUSD seems to stay bearish until 0.6600, it is the next fresh demand that we can see on the weekly chart.
The supply above seems like a great continuation level for sell position.
I'll sell at this supply on the first touch and the target will be 0.6600 zones.
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
AUD/USD: Key Levels for DaytradingIn this M30 chart, we can see that the price created a fresh demand below a few hours ago.
This demand seems like a great level for intraday buy position, I'll buy at this demand.
The target will be the supply above.
GBP/JPY: Price Action Key LevelsAs we can see in the H1 chart, the price is just between two critical levels which both great for positions.
The supply above seems like a great level for sell position.
The demand below which created just lately is a great level for buy position.
EUR/USD: Waiting For BreakoutBreaking out the resistance above will indicate the price tends to reach the supply above.
If the price will break the resistance I'll look for price action setup for buy position.
The final target for this buy position will be the supply above.
Price Is Approaching The Key LevelPrice is under the key level now.
Previous high was 5-6 month ago.
Previous low was 7 years ago.
Will price meet the 7 years low?
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.
Retest of Wedge Before ContinuationWe are sitting on a daily SR….which means whatever direction it chooses, it's definitely gonna keep going to the next key level. We haven't retested the break of the bottom part of the wedge yet, so there's a good chance that's happening this week. I'm trading this to the next daily SR. Just gonna ride with the market to see will it respect this bearish trend it's still on.
BEAR TPS:
• 1.09886
• 1.09458
BULL TPS:
• 1.10687
• 1.11050
• 1.11453
• 1.11783
One Last Up Before A Huge Drop DownThis is a bearish flag with multiple confirmations that price is a wee bit too high and got to come down according to the higher timeframes. So I am patiently waiting for its cue.
As you can see, this is the current wedge price is in. I would look for it to try 1578.92 for one more uptick before taking the nosedive south. So I will only have two TPs in place for the bull. I am waiting for it to make a return to the monthly SR 1537.30 to make another attempt for the short.
BULL TPS:
• 1578.92
• 1595.99
BEAR TPS:
• 1563.75
• 1550.55
• 1540.49
Bullish Flag Almost Complete This is a flag formation that's not complete yet. I decided to check the lower timeframes to see how price may respond to the daily level below. So far, I like the chances of it continuing to be bullish.
Of course, I have TPs in place just in case it won't pop off like I'm looking for. Whatever man. As long as I can trade from a good setup, I have no issues where the market wants to move.
Here ya go:
BULL TPS:
(from the SR level 1.71066)
• 1.71800
• 1.72316
• 1.72902
Even though I have a bigger aim, let's look at these TPs for now.
BEAR TPS:
• 1.71066
• 1.70611
• 1.70068
• 1.69680
