nice upward trend. we shall see a nice rejection and on fib level plus support for a continuation to upside
we are seeing a clear rejection we could see gold melt to about 61.8% fib level nice area of liquidity
we are still in an upward trend will shall see us30 have a slight pullback before buying. so it is at critical resistance. we need to see price drop to about 61.8 fib level which align perfectly with the support level and liquidity level
From a top down perspective WEEKLY TIMEFRAME ---> We see gbpusd in a downward trend , also nice rejection on monthly DAILY TIMEFRAME --> Price respected the 61.8% fib level. and also tested the previous lower high h4 timeframe --> we see currently price is testing the previous lower high and we are seeing buyers weekness h1 timeframe --> we are waiting for...
i will be looking for long setup, when price retrace 38.2% fib level
we have tested the resistance and also lower low structure. we can see price reject multiple time and see could see a melt down in the pair
i am looking a slight pullback in gold around 1760 for a move to upside. since the risk to reward is good i will take my setup for short. since it has been consolidating for a while now
it was a quick setup hope you guys capitalized from the trade
we are seeing a lot of rejection. and ema crossover
Price has break the consolidation level at the lower descending channel we shall see a slight pullback to test the 50-61.8% fib level for a strong momentum to upside.
we need price to break the consolidation level for a short opportunity but we are seeing volume for buyer are lower than sellers so we have higher chance to see a roll over of nzdcad nice intraday move up to collect liquidity and we shall see price move down after nice trendline rejction
this week i will be trading audusd i see nice rejection on a weekly perspective , pin bar pattern in the daily and ema crossover. i will be looking for a rollover to 0.6700 level. we can see price retrace all the way to 0.6860 before falling my profit target i will be looking at is 0.6700 level and a 61.8 fib level at 0.6100
i will link my previous video explaining the setup please watch it
TOP DOWN ANALYSIS WEEKLY TIMEFRAME ----Structure is uptrend ----Ema pointing upward and price is above DAILY TIMEFRAME -----EMA are pointing sideways indicating consolidation -----Price ranging btn 1745 high and 1675 low ----Structure still maintain to upside and we had a complete retest of daily structure H4 TIMEFRAME ----we had break of structure and...
We have a break of structure in the daily as talked from the previous video, watch it below to get my perspective we also see moving average crossover in the daily timeframe, h4 and h1 timeframe. toward the downside indicating temporary retracement we have a nice short opportunity
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TOP DOWN ANALYSIS WEEKLY TIMEFRAME 1. EMA pointing upward and below price action indicating uptrend 2. Break of previous high and we could see price retrace to test the broken resistance as support around 135.000 pyschological level 3 .Market structure indicated its uptrend cause of break of structure , so shift of momentum is now uptrend DAILY TIMEFRAME 1. EMA...
TOP DOWN ANALYSIS WEEKLY TIMEFRAME 1. EMA pointing upward and below price action indicating uptrend 2. Break of previous high and retest support 3 . Doji candle respect the 8 EMA as dynamic support and resistance DAILY TIMEFRAME 1.broke the previous high and we saw last week a complete retracement to the. previous daily structure low 2. EMA point upward...