Fazm

Fazm

Gold has been in a bearish flag since 5 days , it just matter of time when , Either FOMC or NPF will push it lower towards TP1 2269 and TP2 2220 area. It is still over all in bullish trend break higher can re-test 2430 area.

Fazm

Gold impulse move from1810 to 2010 , short pull back , 2nd leg is coming up 2075 no fancy indicators pure price action.

Fazm

After forming H4 Bearish Engulfing (BE) this rising channel need to break lower TL before we can go short , TP is defined on lower TF to Higher TF , depending on how you read chart and what TF you take to enter market. Most major trend reversals have at least a 30% pullback before forming a higher low, which would be a pullback to 1.05 on the daily chart (Weekly TF).

Fazm

Dxy has been on weekly support for more then 2 weeks . H4 has formed a W and it came back to test the neckline and shown the rejection. let is break the TL and on the pull back can take long to previous High as first TP. Comment your idea :

Fazm Updated 

Potential shorting opportunity for gold the Head and Shoulder is developing on H1 and it has also tested previous weekly lows , Once the H1 closed below neck Potential neckline 1770 on the re-test of neckline can take us to the short side first TP of 1755-58 zone . its only valid its break below neckline 1770. If you like the idea plz comment and share...

Fazm

After closing daily bullish engulfing it will rebound on daily W neckline around 1710 zone

Fazm Updated 

NO Rocket science A big bearish move is on the cards

Fazm Updated 

Most of the traders will go long on the re-test of ascending triangle at 1.1385 area . Since EU is in accumulation phase from November 2021 , ALL long SL is below 1.1190 area so MM will break it below 1.1190 to take out longs SL and that will be bearish breakout after bullish breakout falling above 1.14 . and trapping traders in the shorts . that will be ...

Fazm Updated 

After Breaking structure at 126.45 it made new LL , Now we have 2 bearish scenario 1) H4 we have structure candle at 129.30 if we get there any reversal signal we can sell with SL at 129.55 TP 128.30 (25 pip SL with 100 pip profits ) 2) there is M pattern neckline at 129.50 on the re-test of neckline will take our entry at 129.65 wit Sl above 130.10 TP will...

Fazm

a clear weekly inverted HnS this thing is gonna go insane

Fazm

clear break of trend line and HnS on H4 we might see some selloff towards 93.65

Fazm

UJ broke the counter TL break above 111.30 will push this pair to re-test 112.04 or in extension 112.50

Fazm

PA just testing I HnS neckline it it will rise from here

Fazm

BTC has broke the bearish channel now approaching rising wedge top .

Fazm

Gold finally broken the consolidation and daily closed above 1758 reisitance > Currently we have an overextended W pattern on daily TF, so we expect the market to come and re-test the W neckline also previous consolidation area resistance b/w (1745-1755) > A complete textbook short and long opportunity. Do share your view about gold in the comment session....

Fazm

Gold has clearly made a bearish pattern visible on daily TF. IF today daily close below 1738 we will have this idea valid for tomorrow selloff Sell 1735 SL 1745 TP H4 HL 1700

Fazm Updated 

Gold is structure to the downside any pulback towards neckline can be seen a opportunity for sell position unless or until its broke above the head 1855.

Fazm

Market always retrace in FIb levels step by step , 12 month last pullback was exactly from 61% fib now 50% fib is around 91.30 this could be a possible reversal point . Once it will break 91.79 it will attract lots of traders to go short on $ and then a sudden reversal. so from 91.79 to 91.30 could be the best possible bear trap. last day of month big bear...