Trade Scenario 1 : Gold has just broken a strong resistance level and the sideways area. We could take long position after a retest and confirm a new HL. Trade Scenario 2 : It could be just a false break if it come back to sideways zone, so a retest is very important to wait after a breakout like this
4H Trend : Bullish Trade Scenario 1 : UJ 4H is in a bullish trend, we could spot the trendline is holding the trend. Everytime it getting close to the trendline, it rejects. Right now UJ is touching 78.6% fibs level where we could see a rejection from there. If there's a rejection then we could put long position Or it could tap 4H demand area to continue the...
4H Trend : Bullish UCad looks like to make a bullish continuation chart pattern in 4H timeframe, we might see a penant/triangle is being formed. Right now in 1H timeframe, the trendline is holding UCad and there's double bottom being formed, we could put long position from here with stoploss tight below the double bottom targeting 1.24500 as our 1st...
XAUUSD is now in a 4H strong resistance area. My bias in 4H timeframe is still bearish, because we could see that it has formed LL and the last LH is still unbreakable Trade Scenario 1 : In 1H timeframe, bullish trendline is holding the bullish trend. But we could spot that an ascending channel is being formed. I would consider sell if it break the trendline...
Daily Trend : Bullish 4H Trend : Bullish Trade Scenario 1 : UChf is in an uptrend, we can spot that it has broke High and formed new HH. We could consider the downside push right now is a retracement to make new LH, we could use 61.8%-78.6% as a potential PRZ Trade Scenario 2 : To consider bearish, we need to see a break below 0.91500 key level area
Daily Trend : Bearish 4H Trend : Bearish EURCAD has just broke 4H strong support which hold from May. It has formed a LL and we'll wait for LH to be formed, maybe around 61.8%-78.6% fibs level, to put a short position. We also could see EMA death cross in 4H timeframe which confirm that the momentum is now bearish Trade Scenario 2 : It could be a false break...
Daily Trend : Bearish 4H Trend : Sideways ECad on Daily timeframe is still bearish, but on 4H we could see that price stuck inside a big range and moving sideways (support 1.46700- resistance 1.48000) Trade Scenario 1 : If you are a conservative trader, it would be better if we break resistance or support to confirm the trend. After break then we wait for a...
Daily Trend : Bullish 4H Trend : Bullish Trade Scenario 1 : If you follow my last analysis on UChf you must be in profit right now! Yes, UChf recently just broke a strong daily resistance and forming HH. In 1H timeframe, the trendline also maintain the bullish structure. To enter long position i would wait for another retest on the trendline and entry if there's...
Daily Trend : Bullish 4H Trend : Bullish UJ has broke a strong daily resistance which is a sign that buyer is in control right now. To enter buy position i would like to wait for a retest to resistance become support zone and forming new HL
Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: 1.38000 is a key level area and is holding as a strong support for GU in Daily timeframe . Even bearish is in control right now, but there's still potential upside movement for GU, for intraday trade i'm targeting 1.39000 level Trade scenario 2: To take short position we would like to see a new LL...
Daily Trend : Bearish 4H Trend : Bearish In my last post we took great trade with +4R profit, and we could see that bear is in control in EU. So, Trade Scenario 1 : We would like to see a retest to the support become resistance zone to put a short position with good RRR Trade scenario 2 : To consider Bullish in EU we need to break above 1.8800 level forming HH...
Daily Trend : Bearish 4H Trend : Bearish Trade Scenario 1 : We could see AU is coming close to the last low which also act as a support level. IF it couldn't break the low, rejecting support area and start forming bullish structure in lower timeframe, we could potentially see a double bottom pattern formed and then we could go long. Trade scenario 2 : To put...
Daily Trend : Bullish 4H Trend : Bearish Trade scenario 1 : We could spot a descending channel in 1H timeframe which has a big probability to break the upper trendline and push to the upside. But i'd advice be conservative by waiting price to break the trendline and a retest to confirm that buyer is in control Trade scenario 2 : To consider that bearish trend is...
Daily Trend : Bullish Trade Scenario 1 : We could spot that CADCHF is forming an ascending triangle pattern which a good sign of continuation pattern to the upside. But we would like to have a great RRR trade so we need to see price push to the downside testing the trendline and if there's rejection then we could take long position Trade Scenario 2 : To consider...
Daily Trend : Bullish 4H Trend : Bearish Trade Scenario 1: Although EN is still Bullish in Daily but in 4H & 1H we spot 3 different things for consider that bear is controlling the market 1. Break the Trendline in 4H timeframe 2. Break the last LL and now forming LH 3. Reverse at 61.8% fibs level 4. Break minor Support in 1H So we could jump to 1H timeframe to...
Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: This is what we would like to see in XAU where it has broken the last Low in 4H timeframe and a strong support in 1H It's creating a new LL, now we wait for a retest to the support become resistance zone and creating a new LH to put a short position
Weekly Trend: Sideways Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Congratulation for everyone who caught GA from yesterday analysis. We got around +100 pips For today's move, GA is rejecting supply area in 4H timeframe where it also potentially making HH in 1h timeframe. We would like to see a retest to the last HH and EMA to put a long...