Goztrak

Goztrak Updated 

EURNZD is currently in a downtrend channel and inside a strong structure area consisting of .707 & .786 fibs and previous significant support & resistance. Sell Entry: 1.63950 Take Profit: 1.62368 - Which happen to be at the 1.27 extension and at strong structure. Stop Loss: 1.65086 - Put it ~20 pips above last high in contact with the channel. Like...

Goztrak Updated 

Gold is potentially setting up for 3 different bearish flag patterns. The first red bearish flag was within 10 pips of price target 1287.17 last week at the 1.618 Fibonacci Extension level. As shown in the analysis, right before the release of the red bearish flag at the 0.618 Fibonacci Retracement level there was a last kiss scenario where price had a last...

Goztrak Updated 

With the DXY gaining strenght after FOMC I see gold dropping for abit. It will be difficult to break the 1295.0 area because of the previous weekly highs but if it does it will fall hard. For the time being I set a short TP based on the analysis shown: - The initial blue line is drawn, cloned and pasted so both lines are of equal length. The Fib extension 1.618...

Goztrak Updated 

Practicing the use of ABCD pattern to see how it plays out.

Goztrak Updated 

GBPNZD Setting up for a sell opportunity! 1) RSI Very Overbought - currently at 80ish level. 2) The Bullish spike was triggered by USD News but found resistance at the Strong Support area. 3) The strong support structure area coincides with 0.786 fibonachi level.

Goztrak Updated 

Looking to short GBPCAD Waiting to see how price reacts at the D leg of the harmonic. Overall downtrend. The D leg is currently at 0.886 (X-A) and aligns with sell limit 1 at 0.618. Sell limit 2 at 0.707 Let's see how it plays out

Goztrak Updated 

UJ setting up for a potential sell. Respecting TL, Cypher Harmonic setting up and RSI Bearish Diveregence on 1hour, waiting for some sort of candle confirmation.

Goztrak Updated 

Reasons why I think gold is heading down: - Hit 38.2 fib retracement on 1h-chart, struggled to breach through and formed a Shooting Star. - RSI Divergence on previously highs. - MACD crossover on 4hour-chart.

Goztrak Updated 

These are the signs why I think gold is dropping: - Hit 38.2 fib and formed a Shooting Star on 1H-chart. - RSI divergence and MACD crossover on 4H