blueaddison

blueaddison

Possibility of a short swing trade! -plenty of supply highlighted in the circled area - Hit Weekly SR line and retracted previously - could we see a downfall of the euro? could we see a breakthrough retest and then carry on a bullish trend?

blueaddison

Potential short opportunity on gold. - plenty of supply highlighted in the circles - retracted off 4hr SR line - retracted off downwards Trendline - the overall trend is bullish if you look in the daily/weekly chart, but always expect a pullback

blueaddison

as seen I have smashed the TPs in the long position taken on this pair. however it has hit weekly SR line and created a pull back and retest and then pull back again. hopefully drops to previous support

blueaddison

Looking at this chart as you can see there is a lot of demand where I have highlighted with the circles. it has came down out bounced back off the SR line. now we can wait until it hits our other SR line and wait for either retest and bounce back, or break through and carry on a bullish trend

blueaddison

We can see that the chart has followed the uptrend but has hit 1hr key level and has decided to range and reject the key level.

blueaddison

3 confirmations - downwards trendline - rejection off the quarter theory - rejection off the pitchfork

blueaddison

Gold has hit its SR monthly line and rejected off it, also rejected off the trend line going in the downwards direction, also rejected off the quarter theory. Hoping for a big fall in gold!

blueaddison

As we can see we have 4 confirmations for a sell, 2 rejections off both pitchforks , rejection off the quarter theory and also its on a downwards trend underneath the 62 EMA

blueaddison

Looking to go short with Gold, we have the 2 touches on the trend line going downwards and also have a strong push in the downwards direction, we will also look to wait and see if it Breaks through the support line and retests.