Looking to take a short on NZDJPY. The trendline is broken and lower lows are forming on lower time frames. Levels on the chart.
Looking to take a short on EURJPY. Levels on the chart.
Looking for a short position on CADJPY. Levels are on the chart.
Waiting for trendline break and shift in the market structure before taking a short.
High-risk trade. Gold looks like it could do a push up before going lower. Trade carefully as currently, the Jackson Hole Symposium is on.
Gold is likely to go rangebound between 1780 - 1810. Currently, price is moving in an ascending wedge, unless we get a clear break of the red trendline market structure is still bullish. There is liquidity above 1833 which is likely to be the medium-term goal unless we see the shift in market structure to the downside.
Looking to take a short position on NZDJPY, however need to wait for the price to cross the trendline to the downside and the market structure to shift.
In our previous analysis, we highlighted that there was bayside liquidity above 1833. Although we were expecting the price to drop and take out the sell-side liquidity, we did not trade Gold as the price was compressing into a pennant and we were waiting for a resolution. We can now see that Gold is attempting to take out the bayside liquidity and can reach for...
Looking to take a short position once we retrace back to a discounted sell zone. Levels on the chart.
Price has been dropping in a descending channel. Once we get a breakout, upon re-test we are looking to take a long position.
DXY is moving up in an ascending channel. Looking for a pullback to 93.00 Zone before a further push up to 94.300 zone to grab liquidity.
Gold has been moving sideways into a pennant formation. There is liquidity on both sides. We are looking for a breakout to the downside and observing if the trend line is broken. Please watch the top-down analysis video for an in-depth outlook on Gold.
On this video we go through Gold on Monthly, Weekly and Daily charts to establish what we can expect in the coming week. Please feel free to share your thoughs. Please hit the link button if you find our analysis useful.
Gold is moving in a pennant formation and a breakout is due. Zones on the upside and downside have been highlighted on the charts. Best to wait till Gold picks a direction.
Gold is currently in a bull flag, but still in the rejection zone highlighted in our charts on earlier ideas. if we get a breakout of the flag we could be looking at 1797, 1810 and even 1833 zone. Gold could also get rejected at these zones resulting in a pullback to lower levels. Best to observe if price breaks out of the bull flag. Then take a long position.
WTI Crude Oil is moving in a descending channel, Once the bottom of the channel is tested, the expectation is for the price to push up. Levels on the chart.
Price is currently at an optimal area for a short, however, the price is still above the trendline and 1800 can easily be tested. take this trade with caution. Wait for drop below trendline for safre entry.
Gold has reached the rejection zone highlighted over the weekend. please check the previous idea. We will wait for a change in market structure and a break below the trendline before taking a short position. Price could easily go above 1800 and settle trapping sellers.