Please read carefully and TRADE AT YOUR OWN RISK. Apply proper risk management to avoid your account blown up and also, bear in mind that you need to analyse by your own too. This is only my sharing of my view on GOLD movement
Let's observe can it reach that, I believe it can
I'm waiting for the corrective pattern to finish, then by using Fibonacci confluence with SND concept, we'll try to find a suitable place to go for Long option and swing it to maybe I'm targeting at $2000 as the 3rd subwave in the motive wave. Please comment if there's an error in my marking.
Just my small view on XAU USD, I believe for long term, gold will be in a bullish trend. Sorry for any mistake I've done
If price break our entry zone with body, please exit. Im looking for short then either tp1, tp2 or maximum tp i will look for long to go swing until $2000
Kindly view my previous idea on EURJPY, it's just the previous one is based on a 1Hour timeframe, while this is a 4hour.
IF the candle doesn't break the rectangle box which is suppose to be entry zone, then we can expect price of Gold to reach minimum 1st TP zone, and if Gold is really in a strong bullish movement, we can except it to reach Maximum TP area, and if it exceed, then it is driven by higher timeframe such as H1 and above.
IF AND ONLY IF no candle managed to break our entry zone and instead created a new higher high, this setup will be invalid. BUT AS LONG AS NOW NEW HIGHER HIGH CREATED, no matter how long it took to break the entry zone, it will be valid
If the candle in the 15-minute timeframe doesn't close below the box that is supposed to be the entry zone, then we can expect to see a bullish trend and the minimum it can reach is the 1st TP zone that I've marked, and if it is still a strong uptrend in the higher timeframe, then there's a high chance that It can reach the maximum TP zone that is related to...
based on Fibonacci and SND concept, my prediction is that EUR USD might go to that zone, but watch for price action when the price goes to that entry zone, it may or may not be compulsory for it to enter that zone, it might just go bullish without entering that zone. But if price manage to break that entry zone, then look for any selling opportunity before it go...
Maybe that is a distribution area based on WYCKOFF Theory, I'm not sure but maybe. What I can see, is that price just entered to the previous fakeout/manipulation zone, also referred as Bearish Engulfing in CMS concept, and the zone manage to reject price. Also, using FMCBR system, in 1 Hour perspective, price just manage to break the previous Low creation Lower...
IF candle close below the final entry zone, cut loss your position and instead reverse your position if there's a solid reason. Trade at Your Own Risk.
My first entry point is that based on swap zone from the previous resistance breakout becoming support, the 2nd entry place is that based on my setting Fibonacci, as you can see the ratio is my favorite ratio to identify the spot of completion of a retracement.
As im using SnD, what i can see, is that, there's a compression of price happened, where all demand created is being absorbed so that to compress it, next is that there's 2 resistance or equal high, so basically the 3rd time would be a lot of liquidity above it in the form of stoploss of a typical SNR trader, also buy order from a breakout trader. So, I'm...
As you can see, there's a Quasimodo level, so we'll gonna enter the market level with the left shoulder, supposed you left the market, you can re-entry using Fibonacci level. My minor view on GBP USD
As you can see, the price reacts to one of the golden ration zone when creating a higher low, and I'm expecting to TP at the horizontal line I've marked, confluence with my favorite fibo zone, and also conflunce with significant support and resistance. My minor view on EUR/JPY
As we can see, if we pull out the fibo from the previous low to the current high, we can see that the 78.6% level is somewhere near to the previous RBS, also when we took out the trendline, we can see that it connects with the trendline. My Minor view on GBP USD