JCDBTrades

JCDBTrades Updated 

I’m anticipating continued bearish price action on US30. Especially with the CME FedWatch tool projecting possible Risk Off conditions and we have a confirmed H4 Bearish shift. I anticipate price to trade above the high of the bullish H4 candle (highlighted) then eventually sell.

JCDBTrades

Following on from my last post, we see that Price indeed retraced to the H4 FVG (grey/gray box) and is reacting from it. Price can still trade higher to the H4 OB, so I intend to take short scalps around the FVG and see how price progresses. The target however is still the daily bullish orderblock or green box.

JCDBTrades Updated 

Price has closed below H4 OB Low, I'm expecting an RTO to FVG or H4 OB. For even further analysis (expected later) I expect price to reach for the bullish orderblock seen on the H4/Daily/Weekly timeframe. For even longer-term ideas, I would like to see how price handles the bullish orderblock. However, EU is typically seasonally bearish at this time of year.

JCDBTrades Updated 

Gold has formed a Double Bottom Chart Pattern on H1 (In an Uptrend!), With The most Recent HL (higher low) having a bounce with a bullish engulfing candle, from the 50-61.8% zone on the fib retracement. This means if price trades above the high of the bullish engulfing candle we could see price trade to the upside (see arrow). As always use proper risk management...

JCDBTrades

Gold has formed a H&S pattern at a Daily resistance level. On the higher time frame such as the weekly, this area is at the 50 - 61.8 retrace region on the fib. The price has made a significant bearish push below the most recent HL which coincides with the neckline of the H&S (head and shoulders pattern) there is also a retest of that neckline which coincides with...

JCDBTrades

Double Bottom Pattern confirmed on H4 with a break of the Neckline. Wait for a retest of the neckline and bullish candle confirmation (engulfing) for entry. Target is around 150 - 165 pips based on the size of the pattern from neckline to base. I recommend going for the more conservative 140 - 150 pip count to make target more achievable.

JCDBTrades

Bearish Pennant on GBPJPY target should be the same size in pips as the pole. I set my target a bit shorter though. As always use good risk management, do not overleverage.

JCDBTrades

The chart pattern for XAUUSD on the daily is currently a bull flag (pole: previous uptrend, flag: channel). Price bounced from a key support (1862) with a doube bottom. Which is an additional confluence. I expect price to go to at least 1966.49 to correct the huge sells recently. However the markets can do anything so be prepared, pay attention to price action,...

JCDBTrades

Xauusd is currently in a bear flag pattern amd could possibly push lower. However, given that prices have always rallied from this key level of support in recent times, it is possible we could still see Gold going long to correct the huge sells recently. Pay attention to a break and retest of this area to decide whether to short or to go long.

JCDBTrades

Gold looks to continue the bull pennant formation to the upside after a brief sell as a result of NFP. Expect prices to possibly go as high as the highest high in the pattern (where I have the arrow). However if bears take over and push prices lower to break the uptrend line and form lower highs and lows, then expect prices to sell to support where I have the...