I want to see GU fall towards our 4 hour level. I believe we will see a wick to wipe out the previous buyers before a move back up towards the highs. I have tried to illustrate the pathway with the arrows. Please comment and like if you agree. And I know.... another colour way lol, i have no clue what colour looks best. If you have any suggestions please help...
Price action is in a mini ascending channel, I believe we have more upwards movement. My target is 1.20 (a nice psy level). It will also be a third touch of the trend line on the bigger descending channel. I have put a red zone on where I will be selling partials of my holding before reinvesting at a lower area. Probably at 0.20
GU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33. This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well.. The orange circle is my take profit....
Gold is moving bearish, if we see price have a little push up, to form a lower high on the hourly, i will enter a short trade down towards $1910.000. As you can see we are in a descending channel. I have drawn a pink pathway of what I think price action will do. I will only look for longs once we see a reversal candle set up around the weekly level at $1910....
GU has broke structure, we should be looking for a bullish move now. Heres the pathway I believe could happen. I have a buy limit at 1.3020. only risking 1% lets see what happens.
Gold has rejected the 1 hour impulse level, I can see price fall to 1979, before we see a swing up towards 2030. If price rejects our target of 2030.we could see a higher low which means we could short. We are going to have to see what price actions gives us
I have drawn what I believe could potentially happen on GU. I f price action rejects our fib level and our area of resistance. If we do not reject this level then GU will melt lower.
Good morning, Hope everyone is having a great day XRP looks good today
Price action has broken out of the consolidation area. We could see a retest of this area before seeing gold push up towards $2070. Enjoy Hope everyone is having a great day!
I want to see 35,000 before we go long. Im going to be patient and wait for a candlestick formation before execution. I believe price will fall lower towards are fib level; this means retail buyers at 37,500 will get liquidated. We must be patient. Good luck
A head and shoulder is in full effect on the 4 hour time frame. We have a mini trendline, if we break (which is very likely) we will see if fall towards 0.66 (our 78.6 fib level). This move would have liquidated the buyers at 0.70. If we see price action reject the 0.66 level, XRP would have produced a higher low. Therefore, from that level I will be long; once we...
Hope everyone has a great week Lets get it !!! GBPUSD price is currently around out weekly level, lets see how price reacts
Hope everyone is having a great week. Heres my analysis for XRP Please like and comment
Hope everyone is having a great day. Crypto has finally decided to flip the switch. Here is my analysis on BTC. Please comment and like. Also please let me know your thoughts.
Here is my analysis on GU, I think we will see price action push towards 1.38000. As we can see on the chart, we are in a bullish structure. Please like and comment, take care.
Hope everyone has had a great weekend, Here is my 1 hour analysis on gold, i believe we should see bearish price action to start the week. I have tried to show where I think price will go. Please like and comment its much appreciated. Also send through your ideas.
Here is my analysis on GU, I am long term bullish however i am expecting a fall from here, looks like the right shoulder is forming on the 4 hour timeframe. Please like and comment, thank you! Hope everyone has a great day!