EURUSD has been Bearish for the past few weeks now and from the looks of it, sells look to have exhausted quite a bit, and now that price has broken out of our descending reversal pattern we could be seeing EURUSD buy all the way to our Resistant Zone for a retest to possibly continue with our overall sells
GBPJPY is looking beautiful for the week ahead, through a scalping and swinging perspective On the lower timeframes we see a potential double top with our downtrend which increases our odds of selling opportunities... However if we fail to respect the highs within our trend and we break above, we could see price buy all the way to the upside beautifully so.
We currently have a beautiful Long(s) trade set-up over, which is high probability now that price has hit our level of Resistance/Demand zone, so once price breaks out of our bearish channel and closes above 151.570, We are golden to the upside
We got a beautiful triple bottom on our Support zone catered with a potential double bottom formation near current price for a clean 50pip push to the upside
Beautiful break and retest from our channel for a move to the upside...
Beautiful retracement has presented itself to us perfectly, all we gotta do is wait for our confirmation or price breaking our uptrending mini channel, from there we golden for our 100+pip drop
Gold at this point is definitely something beautiful to look at currently, with NFP around the corner we could see gold pushing way up...
With yesterday's moves we managed to see price form a H4 double bottom on our daily resistance , and followed with tomorrows interest rate decision we might see price move higher for new highs
As we've seen recently during the past week, we've noticed that price on gold has moved significantly to the downside, however on Thurs/Friday, we noticed that price reached a level of support on the H4 timeframe... And now that it has reached our level of support, we can clearly see that price has formed a perfect double bottom formation on the H4 and the H1...
Friday's arent usually my best, but I'm positively sure that we might be going bearish, atleast up until New York open... But let us see how it plays out
As always I'll let my analysis do the talking💯😎 But from where price is at the moment we can clearly see that yesterday's moves where based as a correction, but to confirm that we are 100% bearish, we will have to see price close below 151.307 which will be our H4 confirmation
Well at this point we can clearly see that price broke out significant levels of resistance during Asian session, now that our bearish sentiment has changed to being bullish, as a market predictor I'm inticipating for price to move correctly down to our support as a form of a break n Retest, and that'll be our entry confirmation, entries will probably present...
Basically what we have here is our out-look for the next week or 2 and I'm 1000% bearish on GJ, however this is only our prediction for the week ahead, so besides that I'll be posting pre-london Set-ups to capatilise on... Feels like it'll be a profitable week for us all, so let's go!!!🔥🔥
took this trade live, hope you do too, i said I'd post GJ n GU analysis pre-london but heres my apology for not doing so this entire week, with this free gold signal over here
From the weekly candle of this week, we see that price was retracing to the upside for a beautiful continuation move to the downside which will probably happen during next week, but from my analysis, price is currently at the golden ratio of our Fibonacci and I expect price to continue droping with London open, reason being that on the daily price turned bearish...
Entered my first position after the break-out of our correcting continuition channel, now that price has closed above our resistance now turned support, I see beautiful opportunities of scaling in, to secure a much higher profit potential@ London open, just like yesterday's posted trade, Sl's to break even once price has moved 15pips/ 150 points from entry
Currently I'm waiting for price to retest my level with London open, or reject my level, for a buy position to the upside, with confluence from the double bottom on the daily, we can expect price to be bullish for the week, as we know we in a game of probabilities, and the probabilities are in our favour tremendously
Comment below for in-depth analysis as to why I'm going long on this