Huge LONG-Gains Potential here...XAU JPY
Heads 'n' Shoulder long XAU JPY on 2HR and 4HR.
Note: This trade has not re-tested yet. I will keep monitoring.
xauujpy short for then reversalAnalysed weekly timeframe dropping to 4 hours.
Possible down turn for then a reverse at 271513.
Entry for short around 295955, take profit 271513
Buy Limit arund 271513 take profit 304091
Short for then a reversal Weekly Analysis timeframe dropping to 4 hours.
Possible down turn for then a reverse at 271513.
Entry for short around 295955, take profit 271513.
Buy limit around 271513, take profit 304091.
XAUJPY 4H bearish view.-overall strong daily uptrend.
-may see pullback after breaking 4h uptrend line.
-formation of H&S pattern.
-waiting for breaking the neck line.
-short trade with good R/R ratio with the target level up to the 4H demand zone.
-do not forget your SL.
GOLD/JPY: Bearish Bump and Run Reversal TopXAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impuls
XAUJPY Reversal Trade IdeaThis is an Idea of XAUJPY of Short that Trend will reverse because of Forex Sentiments and RSI Highly Over Sold first now RSI highly over bought.
Gold set to advance against the Japanese YenThe massive ascending triangle completed in Mar 2023 has met its 1X target at 275,000 Yen per Oz. It is quite common for such a large pattern to eventually fulfill a 2X target. The daily chart is coiling into a pennant that should be resolved by an upside breakout. Tactically my trade is to buy Gold
Get ready to be long Gold and short JPYThe chart of Gold expressed in Japanese Yen has remained in a very tight weekly closing price range of 7% for almost a year. The boundaries are clear as an ascending triangle. This is a trade I will lean into hard by buying Gold and either selling Yen futures or buying USDJPY spot in approximately e
Gold/JPY long with 15% targetFinal sub-wave of a flat formation is about to complete wave 4 on daily timeframe.
Continuation of the trend will resume soon. Conservatives target for wave 5, is 15% (equals to wave 1).
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