Possible long setup here on EU, fundamentally this could not retrace as high as DXY is strong at the moment. Trade with caution.
Possible short on BTC as seen above. Please trade at own risk.
Hi Traders, See above short opportunity as gold rests on 786 FIB as well as order block after having filled the liquidity gap from previous impulse. We have the RSI maxed out as well as a touch of the rising wedge upper trend line. We have also extended from the EMA and MA to show a possible reversal to come. We have formed an AB=CD pattern ending at 1877...
Hi Traders, Please see EU long idea. Risk 1% for 3% gain.
Hi Traders, Please see below GU Long idea. Risk 1% for 3% gain.
Hi Traders, Please see my idea on a BTC/USD short. Risk 1% for 3% gain.
Hi Traders, Over the last few weeks we have seen gold decline after hitting strong resistance/supply at around 1830, following FOMC minutes, which was less a than anticipated result, gold spiked to find some liquidity around 1787 and crashed again finding support around 1737 area and resting the week on a weekly support around 1750. We find that gold has had a...
Following golds crash last week we caught a small buy opportunity to 1775 area. We will now look for a short following FOMC news release. Targets shown on chart.
Hi Traders, Today we find gold sitting on a strong resistance area, having formed a rising wedge and completing wave E/5. Gold has formed a bearish divergence on 4h chart as well as considered slightly oversold. MACD is also showing bearish divergence and is showing down pressure. Targets are set on chart. FOMC is this month and expectation is for FED to...
My thoughts on gold at the moment - possible distribution. Be cautious for re-accumulation if we break structure to the upside and stay there.
As seen on chart, I do not trade BTC however have analysed it since 60K. Possible lower low.
Hi Traders, We have broken structure of accumulation and have formed a SOS (sign of strength) as well as strong LPS (last point of supply) at 1800-1795. Based off the cause and effect of the accumulation, the calculation using the PnF chart as seen below gives us a target area of 1920 - 1955. We have had high volume sells and low volume buys however have...
Hi Traders, See above schematic of thought market movement - this could be exact, it could happen at different times or it could be completely wrong. Please trade with caution. We are expecting a retrace after breaking the downward trendline to 1768, which is the golden 618 Fibonacci Retracement from 1750 - 1795. If we hit the 1740 spring and touch the May...
Hi Traders, We have a rising wedge on AUD/USD 1D chart as well as possible distribution playing with the break of the wedge. I have marked out entry points as well as SL and TP1, 2 and 3. This would be a 1:9 trade if the SL is kept in tact. it is important to note that the market could revers to 76662 or 7627 before starting its downward movement to the...
Hi Traders, In conjuction with my previous post gold seems to be accumulating on, expect a move to the upside to 1800/20/60. This is not financial advice. Trade with caution
Hi Team! I hope everyone banked some profits from my previous analyse (Gold Wyckoff) - Where we saw more than 1000 pips profit. Gold has rallied massively to the downside following FOMC to 176x which is around the 618FIB retracement as well as a strong support zone (sitting on a previous support which could lead to a potential H&S pattern on weekly). We could...
Hi Traders, After a massive drop due to FOMC and the rise in DXY gold seems to have found a base at the 618 FIB retracement level as well as previous shoulder support as seen in the chart analysis. My expectations are for gold to rise to the targeted areas. This is obviously not a quick trade and will take some time however good profit potential can be...
Hi Traders, As you can see from the above chart we are in the final leg of the impulse into the target objective from the accumulation that took place, as shown. We have touched the TL and have formed a wedge, if we touch the wedge we will await PA to determine a TP or add for the upward movement into the final target area. CPI tomorrow will determine this....