A follow up of USDJPY but on DAILY tf 2018 should be good.
From 12M to 1W candles. My analysis is just a map of how markets have been playing out so far. If u take the 50% of Q1 (2017 1st Quarter) u can see it's been acting as a heavy resistance. This imo has given many people confidence to short this market. So i see a wipe of buy stops coming soon. A retest of Q1 mid or even better a rally to the 6M OB at 115.85...
Taking this view based on how USDX performs. Just an idea at the moment but the false break out could be just an early indication.
SETUP was clear last week when we raided previous week low however i wasnt able to capitalise. Will wait for this to materialise. 1)breakdown from current highs 2)we've had 4 moves to key level. 3)time to retrace 4)150.200 to fill in void. 5) Looking to enter at 150.200
This low in place looks good for a reaction. we just took many stops, burnt a lot of bulls including myself loooll This can trade higher to 2017 Q4 OPEN which coincides with the 50% of my specified range.
Requires DXY follow through Target Previous Week High, by then USDX should reach bullish order block and rally
Just watching. This market looks like it wants lower prices. Time to wait and see Short at 0.8850
Looking for longs As explained on the charts INTRA WEEK LOWS WERE SWEPT TIME TO SWEEP INTRA WEEK HIGHS??
Price points i'll be playing in between.... Looking for lower prices. $1270 - $1260 Got a few upside objectives depending on PA $1290 - $1310 depending on PA. I'll wait for price to unfold. Price.. the actual number is important, the fact that we went to 1283.33 tells me theres weakness. I break down price into 00's 20's '50's 80's IF we're in a up trend...
GOLD LONGS CLOSED. DIDNT LIKE THE PA FLIPPED BIAS BECAUSE 50% LEVELS ARE BEING VIOLATED> RISK REWARD MAKES SENSE AND I BELIEVE THIS IS THE MARKET SHOWING ITS HAND
looking to ultimately target 1300 but the way gold is moving right now anything can happen so keeping a close eye on this one