This looks like a great place to enter gold right after the 1hr bullish engulfing lets see what happens...
Gold is currently in a position that can go either way, it is bullish on the daily and the 4hr and just hit a new high. so I'm keeping a close eye on it so that I can take advantage of it when it makes a clear path in either of the directions.
GOLD is bearish on the 4hr and has made a pretty nice PB on the 1hr tf. Then made a nice down move continuation while breaking some structure levels on the 1hr. Now im waiting for price to make another PB to the upside and thats where I will be looking to take my entry from. Im looking for gold to break the 2383.99 level and make new lows.
Im waiting for NAS100 to do a 1hr pull back (PB) then form some sort of bearish candle so that I can look for short entries. If everything lines up this would be a text book PB setup.
EU is in a no trade zone for me until price either breaks above 1.0618 for longs or falls below 1.0557 for shorts. lets keep an eye on this pair and see what happens.
AUDUSD had a impulse sell off Thursday after the news release and on friday price just kinda went sideways so next week Im looking for price to make a pull back then continue its down trend movement. Now if you look on the 4hr TF price is sitting on a previous support zone so we gonna have to watch this pair closely to see if price will have the volume it needs to...
If EU breaks and closes below 1.0488 we could see price make a new low but if prices finds support at that same level price could go back up and retest previous highs. So for EU im bullish and bearish we just have to wait and see what price does and then we gonna follow the money.
This pair is looking to change direction but im not going to look for long entries until price breaks above 1.0770 thats my conformation that a new trend is in effect.
This is real simple and clean just looking for price to continue its bullish movement and push its way to reach previous structure high
AUDUSD is currently trending downward as you can tell forming text book structure now can AUDUSD continue moving in this simple and easy to follow trend pattern if so i will continue to short this pair as far as it lets me. Price has already fallen for the last 3hrs so now im waiting for the pull back and from there i will be executing my short entries.
On the hourly TF this pair is in a down trend and currently on a uptrend pull back i dont want to see price break 1.4587 level if price falls below 1.4573 we cant expect price to continue back in its down trend motion and retest 1.4527 area.
ON EG price is in a nice down trend and has now made a pull back to the 50% fib level and retested .8549 level now from there Im looking for price to reverse and head back in the direction of the trend and make a new lower low.
ON NU we have clear down structure with a previous pull back so now im looking for the down trend to continue to make a lower low so lets see what happens...
Looking for price to form that LL on the 4hr so that i know price is going back to the downside
Just looking for some clean structure to form to show me that price will continue to the down side
The dollar is so weak right now but it finds strength to beat up on JPY I dont think its gonna last long so Im looking for price to reverse at the 61.85 FIB or the 78.60 fib level im keeping a close eye in this pair while anticipating the short move
AUDUSD Im currently waiting for it to break structure and retest so that I can take a short entry and from there I would like to see price reach .6475 now once price reaches that level price will either do (A) pull back and continue to reach for new highs or (B) reach for new daily lows
The USD seems to be weak across all pairs but if the dollar can find some strength this is how I would like to see GBPUSD play out