The daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so...
We have not been to this zone since August 2016, and right now there are no structures to the left to stop us from going there. Ifwe get a bigger time frame retest, we could push there before the end of this week. If we get there and break it, we will go up even further. GJ is now pushing up as aggressively as USDJPY is, which is currently breaking record highs.
GJ broke the resistance of 162.545 yesterday, we did get a rest of the zone to become a support, however we are in consolidation for now, though I expect a buy to 164.3385 at least, could go higher, But I mostly trade between zones to be safe. The 4hr stick is far from support EMAs, so it is currently doing a retest also, we will have to see what price does at the...
Looks like the market maker went to hunt for stop losses yesterday. Price formed a wide double top at the level 162.526 on the 1hr chart, As analysed, I still think that price will go down to test the low of last week minimum 156.978 to 155.736 , but we would have to break 159.644 level, retest it and enter after the retest to confirm the move.
Gold should sell to the next zone for the continuation of last weeks reversal
As analysed yesterday, gold dropped from 1686.800, 240pips since entry yesterday. We are at a zone of support at the moment, and should see price break 1662, retest that zone and confirm sell signal before selling his pair again.
GJ should continue to fall after last Wednesday double top reversal, it is Monday so we should see the move between today and Wednesday. Zone to zone trading
GJ forming possible a double bottom at strong support for the new york reversal, and possible buys to the next zone, for a bullish continuation.
Gold is heading for the third leg/level as predicted last Wednesday...Trade cautious, we are near midweek reversal
This morning during London session, I gave a buy signal on gj. We are currently up 160 pip, and looking to hit tp at 164.357 @ 195pips. Follow me for more and give a boost to show some love for these fire entries!!
Daily Flag Pattern 4H Trendline markup for Daily Flag Pattern 4H Ascending Triangle being created after touching bottom of Flag Pattern 4H Bearish Correction 1H Bullish Engulfing on bottom of Ascending Triangle trendline & 4H Zone. 30m double bottom (reversal pattern). Daily exhaustion at 4H Zone.
The market seems to be heading back into a bullish direction. Im looking for SPY to break $429, if this happens I will enter a Call and will be looking to take profit towards $437. If SPY doesnt break $429 and instead creates new resistance then I will be looking to see if SPY goes back into the $420 - $424 zone. If SPY enters that zone and breaks the $421 support...
What an amazing set-up! Price broke the Supply Zone, it reached the liquidity level and then it dropped to the closest demand zone creating a Zone to Zone trade.
OANDA:XAUUSD Here we can see the monthly candle of May is about to close below the minor support. Therefore, the next month has a clear way down to the next support at 1772.200. The price of gold will most likely decrease this month and it may encounter some sort of difficulty at 1831. However, there is a clean traffic to the left and there is a high...
Price has a potential for the downside upon the retest of the sell zone.Wait for lower timeframe confirmation to confirm the move.
Gu is going to fill the imbalanced after a strong push to the downside it shows signs of a correction/reversal.
Price has the potential for the upside upon the retest of the recent buy zone, wait for lower timeframe bullish price action to confirm the move.
Price has the potential for the upside upon the retest of the two recent buy zones. Wait for lower timeframe confirmation to confirm the moves.