SunnySwing

SunnySwing

GJ we have established that it is heading up to 156. Price can potentially head up now from midline but seeing engulfing bearish 1H candles are discouraging. I am waiting for bullish engulfing candles on 1H before I enter for a buy. My preferred entry is still ~141.700

SunnySwing

GJ clear break of trend on daily aiming for 156. Stop loss, Entry and TP as per analysis

SunnySwing

Gold still within short term bullish channel on lower end of the trendline; I personally would like the price to retest top main trendline before I feel comfortable shorting it @ 1487. I can also acknowledge price may end up breaking the bottom trendline and go bearish instead

SunnySwing

CADCHF has been consolidating on the weekly timeframe since 2015 and unable to break bottom support It is looking like it is ready for a long term bullish run with entry @ CMP

SunnySwing

Gold in a descending channel looking for price to push up and retest top trendline @ 1487 which is also a major resistance level on the weekly chart Swing trade for a short entry @ 1487

SunnySwing Updated 

- Bearish Flag Formation - Descending Channel on weekly view - Entry @CMP (1.10200) or wait for better Risk to Reward - preferred entry @ 1.11400 but it may not retest this level again since price has formed a double top

SunnySwing

2 different scenarios ideally GJ should head up from here. If GJ does not end up breaking resistance and goes bearish instead than next key level to look out for is 132.850, aim is 148 and 156

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GBPJPY has broken decending channel expecting bulls from here till 148 and 156

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As shown 1.75200 has been key support and resistance in the past expecting price to react here for a potential short swing trade

SunnySwing

Gold support trendline appears very vulnerable and I am expecting prices to head down further in long term to 1368-1348

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EURCAD in previous analysis is bearish overall but in the immediate short term it appears bullish Price currently looks to break mini 4H trendline when it does I expect it to retest 1.46990 as new support and head up to 1.50500

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Big red rejection candles are present from current resistance level Overall outlook is still very bullish on higher timeframes but gold may see a deep retest to 1400 or 1356 level before another bull run

SunnySwing

USDJPY is watch and wait for swing traders or if a good entry presents itself this trading week on lower timeframe than take a buy till 109.900 Personally I am going to see how price is going to react to above resistance level potential break above for a buy or sell if it fails to do so

SunnySwing

Price has broken bottom trend line and anticipating further downside due to bearish momentum Executing @ CMP with take profit as per my analysis

SunnySwing Updated 

Gold has fully broken 4H trend to upside good R/R available now for a short Entry @ CMP SL: 1505 TP @ 1385

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Weekly View of my previous Gold analysis so you guys have a better understanding where I drew the trendlines

SunnySwing Updated 

Gold has broken the daily/4H mini trend to upside and has retested bottom trendline, so expecting bears to take over TP @ 1385 Look for bullish entries @ 1370-1385

SunnySwing

2 different scenarios: 1) potential breakout of bearish trend and head straight to 148 due to bullish momentum 2) or retest on minor support before heading up to same TP target GJ has potential to go further than 148 but I will be taking profit here as it is the first major resistance