this was the final result of my previos analisis made on march 2 really happy not just with the result but mostly cause of the execution
it has been giving a srong rejection at the 1.0 zone ollus from there it wen super bearish breaking throught the main zones jus to find a strong rection at the 0.9250 zone. i wouldnt be expecting to go long in the ong therm unless the price surpasses the 0.95 (and it wouldnt really be long therm since there would be waiting the 1.0 zone ) so by now ill be wating...
what i find here skipping a bit of the description of weekly and monthly charts, is that in a daily timeframe the price created a channel plus the rejection of the key level 2.100 for me is not like it would go bearish right now but it would likely break through the channel and its main current support which is 2.035 in case it happens as soon as the price does...
gold has been going up non stop. based on structure i wouldnt look for something different than long positions however something to keep an eye on is that it is reaching again the historical max prices. as a trader there must always been a plan b in case your first analisis never happens for which reason i would be expecting to sell just if the price breaks...
1.7500 resistance level the market had an aggresive opening today but what is interesting here is the monthly resitance zone since it opened very bullish also having a gap there was a strong rejection in that zone plus there was no volume going along with the candle. i will wait for a break through the gap zone or a retest to look for an entry honestly cant find...
from the weekly i see a strong bullish closure last week and a strong uptrend in the daily but coming back to the daily i find a the market is currently making a channel being the actual price the third point in the upper side of the channel for me it would mean we are close to break through it or in any case i would wait for the price to break and retest the...
i can clearly see how this market has bullish structure but the last monthly closure and the last week closure offer not just indesicion but hints of the beggining of either a range or a bearish season of course first would come the range. at the same time in smaller timeframes i see a good chance to short but i would rather wait although it is the best position...
as mentioned before in the higher timeframes it is clear how we still have an uptrend however the thing comes to be interesting wen we get to the smaller timeframes and i find the price breaking through the daily trendline plus making strong movements to the downside by now i wouldnt say it is the begginning of a berish impulse until the market surpasses the 2.0...
this trade is showing indications of a directional change for which reasin ill manage it with a really tigh risk from the last week closure to the daily i clearly see how it is still very bullish but when coming to the smaller timeframes it shows signs of breaking the bullish structure for which the current zone is the last zone where i would consider buying by...
what i find interesting here is that seeing this chart from a wider perspective in the monthly is that it actually got to a very strong area which has been rejecting for a long time based on the weekly and daily i would expect sells in the long term however getting a bit closer i think the price will need to make a pullbak which would lead back to the 50-52.5 zone...
The thing with this trade is that it is pretty clear the uptrend however i wouldnt be surprised if it had already gotten to the lowest point for the retest and the impulse to keep the uptrend at 61.8 around 1630 i will be expecting it to go again to this zone and give an entry in case it doesnt i will wait for another chance in case it breaks the zone and goes...
i see an uptrend here plus a strong resistance in the area of 2.05000 . As it is offering a strong resistance it would guide to think of selling however there isnt any formation that gives me a chance to find a short position, for instance i am basing on the structure and fibb leves to look after any chance of buying til the mentioned area my first option fpr...
market structure going down, here i found a strong ressitance at the 1.330 level for which i would be expecting the market to keep making a formation to provide some sells just paying close attention to this since it is at the area of entry i would just like to see a solid retest with candlesticks patterns
what i am seeing here is that it is probably getting to the end of a trend for this reason is quite risky take any decision right now. i would be looking for a buy if it retests the sublighted area based on structure and in the fact that if it is starting to consolidate it will probably hit the 1600. however it is still a risky trade. my best option would be to...
last week i saw what i interpretated as down trend in the monthly time frame which had stopped now. But i found that the right way to see this was that the price showed lh but not ll. The price right now is in range between 63.70 and 51.50 this level being a really strong level and the current area of the price opening this week. I've seen and its important to...