USDJPY - Trend Line Hold?Will the ascending trendline to the upside hold or will we see a break below? It's very hard to tell especially with the indecision on the DXY but I will certainly be monitoring this pair.
Tehnicalanalysis
XAUUSD Buy at 1690I think bulls took out of control last trading day and we might see reversal on 1690 support level which can be supprt and go for buying till 1719, or what we can expect is breaking of the 1690 level and going to 1672, maybe lower. RSI says that brice is over buyed. Market is down trend, on 4H too.
Selling pressure Appearing on 78.6% FibonacciThis week we saw Gold Pumped and got dumped at the level of 78.6% Fibonacci level and crafting out the peak in 2011 and bottom of 2016 within the range period and price very highly respects for fibonacci retracement levels.
there are a few scenario for the gold and would like to highlight some of the things that we might be facing for clarity.
For traders that trading using price action and support & resistance levels together with fib, you might already saw what i am seeing now. the confirmation will only happen after this month closing below the fib level of 78.6%.
If it happens
1. will be seeing to trade within the inside bar of March 2020. the closing of the month will be a strong signal of the direction of the market.
2. Price breaking down march low and close will move towards 2013 - 2019 range for 2nd order flow.
3. If price fail to hold ant buy zone 1 and 2 will be seeing to reach near the 2016 low of 1040ish level for the third buy.
Note: if price breaks below, will be seeing melt down from there.
We have a possible weekly chart Wick selling when market open on Monday and with a definite risk of last week high will be a good area to place a stop loss to ride a mini trend downwards.
I am quite bullish on gold for long term but for short term this is a short call.
I hope you like my post and can support me by like follow and share my idea.
Till then.
CADCHF ShortCC short to .68 level...I see it also hitting a level of supply , rejecting and then continuing down
BTCUSDGood afternoon! Excellent went to the correction, exactly 0.61 on the Fibonacci. Possible declines to 0.78, but I'm already starting to buy in small parts) have a Good day and a big profit!
USD/JPY - Long opportunitiesHello traders, buy opportunities @ 109.265 - based on my own strategy.
TP - 111.050
SL - 108.950
Bitcoin - Time to BUY...I'm not big cryptocurrency fan, but this looks me now quite interesting....If i look only technical analysis then there is so many ''buy'' opportunities confluence.
5 wave down correction get over with bearish divergence and sort of HS patter on 200ema zone...Correction trendline is broken and now it retested at 38fib...also an there is bullish hidden divergence as well what means that bullish run should ccontinuation...lets siis how is play out...:)
EUR/JPY - 2 possible scenarios.Long term bearish market, short term bullish control. Possible 1.5% profit. Wait continuation pattern( breakout prev low/high)
BTC/USD overview of the current market situationGood afternoon! Considered on the chart the possible situation of trade development, taking into account the changes at the moment. Partially gaining position on the average, but given that the drawdown can be much deeper. Basically, there is a set of altcoins, technical analysis on some will lay out a little later.
NZDUSD NZDUSD D1
-Strong Down trend
-Above strong resistance
-Wait for sell from resistance
-Need candle confirmation
=Sell signal
BTC/USD key support and resistance levelsGood day! I haven't posted my analysis in a while. I think the time has come) Now we are at an interesting level on the chart, further movement will determine the trend for the midterm. I have marked the key support and resistance levels on the chart. Below 4400 BTC rate is not predictable, it can Scam)))
EUR/AUD Long opportunities.Head and Shoulders pattern neckline break, possible move upside to 1.6400 zone.
