After being bearish in the past week we saw GU reacting to the Daily demand. this will be a good buy position because the bull is clearly in control of the market after NFP came out bearish for DXY
will gold hit tp? well, let's wait. I took this trade after the price retraced to the golden fib level and formed reversal candles on the 1H timeframe. I anticipate short-term buys before continuing with the general bearish movement. The take profit is -27% fib
Waiting for GBPUSD to make the pullback and more buy positions. Strong zone, Fibonacci retracement (golden levels). It's a short term buys though
Personally, I am seeing GU will break 1.1900 and hit the 1.1100 level before continuing with the overall buys. This is because we have an unmitigated demand zone on the daily TF after the price broke the bearish structure. However, if the price continues bullish we can wait for the break of 1.2600 and then run with the bulls
GU forming perfect retracement to continue with the overall shorts. We can all take advantage of the big move to come.
GBPUSD seems like it will have long term shorts. This is after touching a strong weekly bearish order block and also a strong reversal candle( bearish Engulfing). The market is also at the 50% fib level, which makes the bears to dominate the market. Nonetheless, if the OB fails we might wait for a breakout and then enter after formation of a retest.
Looking at the 4H on ADUCHF it looks bearish. price broke the 4H bullish structure and has returned to the QSM level.
Gold has been bullish for some time. We can anticipate the retracement to end at the 4H supply zone. Remember the trend is your friend.
usdchf formed a bearish engulfing candle showing momentum shift to bearish. scaling down to lower time frame we can see a strong impulsive move to the downside, we might anticipate a correction move on 4H and execute our trades on the supply zone.
while USD has shown strength over time, we might anticipate a continuation of the bearish move on pairs that pair USD base currencies. In this case, AUDUSD broke the bearish flag continuation pattern, nonetheless, we should not enter immediately because there might be a retracement. Let's wait for how it will play out.
Having formed a reversal candle on the 4H, we might see a small retracement before continuation on of the bearish move. The daily candle also confirms a bearish move because it's in the 50% retracement level.
Let's see if we'll capitalize these profits 🔥. We may take the buys before price starts pushing down because the general trend is bearish
After tghe formation of reversal candle on 4H, I will be looking to sell usdchf. SL 10 pips above the supply zone, TP 1 at -27% fib and TP2 at -61%.
GU has been oversold on 4H and formed reversal candles. I will be buying tomorrow when a correction will take place.
I will be looking to short Pound Yen if it continues to respect the bearish structure.