Daily is Bearish. Considering the fact that USD is gaining its momentum (temporary of course) I would be looking to BUY and Sell the pair.
I am still expecting test 75-76 level hence price is poised to making a lower low. However, Short terms, Price may take out 85 before a retest according current price behavior. All the best folks.
I am expecting the price drop to 76 level where buyers will found opportunities to drive the price up to 100. Currently market sentiment remains with more buyers and less sellers where we would see a drop in price hence less demand. Good Luck People !
GU is trying to test the previous highs, Hopefully before the NFP. Confirmed W formation. I would wait for a clear break of the neck line which is also the current resistant in intraday TF's. Good day people !
IMO, Pair is on a correction phase where we may see 1.40 before any impulses to 1.42 and above. Price is reaching a level which might reject from the trend line, Fib resistant. However anything is possible. If price break above 1.413, would look for buys.
Daily TF is broke it's structure to the upside and tested the support @ 1.40. Pair was capped in range due to uncertainty of both the pairs. As per 4H Pair may still stuck in a range. However, Daily momentum candle on last thursday had confirmed the bullish bias still in tact and pair may have been in stop hunt on Friday. I suggest further gain on the pair...
on 4H price had confirmed the bearish BIAS by making a lower low which hints to us with downward pressure. However I will wait for a retest enter a sell according the candle formation. Cheers !
Pair is completing double top in 1 HR. using the correction. counter trend opportunity. ATR 1.5 with 2:1 RR.
Can this happen on GOLD.? Price is suggesting a weakness of bearish sentiment.
I am buying the GJ. GJ is in strong uptrend. Buyers are set for 143.
With a volatile dollar, GBP may rise to test the previous highs. However President Biden speech may change the overall view. Happy weekend people. Cheers!
Scalping buying opportunities with higher probabilities coming soon. Have a nice day ahead traders !
Possible Sell to the recent minor support
Can this be a possibility on GJ. Can huge bear candle be trap ?
We are still in a Dirty Range. However i see some sell opportunities within the 4h Range Have a great week ahead. Cheers all !