chernofx

chernofx

Sell

chernofx

Buy

chernofx

Sell RR 1:3

chernofx

- A possible swing to the upside - Awaiting more confirmation before entering

chernofx

Sell after the retracement followed by clear rejections of higher price around the blue highlighted zone.

chernofx

- Price has retested the previous area of resistance at the 1616.00 region with a clear rejection on the LTF - 61.8% fib confluence - We'll see if Gold is able to break resistance at 1640.00 before continuing to the upside.

chernofx

UJ Meltdown...

chernofx

Continuation to the downside...

chernofx

Awaiting a retest of the 0.59550 before possibly seeing a continuation of the downtrend on the HTFs

chernofx

Reversal

chernofx

- Here we have a simple continuation setup - Third touch of the 1H TL - Price has reached a previos area of resistance which could be used as support - Buy Zone aligns perfectly with the 61.8% fib level

chernofx

Retest of Hourly ascending channel

chernofx

- A simple break and retest of previous support along with the golden 61.8% fib level - Shooting star candle formed on 1H TF indicating a rejection of higher price -Lets take advantage of this bearish trend!

chernofx

- Awaiting confirmation as price approaches the Hourly Descending TL - Highly likely we'll see a bounce to the downside as price hits a previous area of support which could be used as resistance, we also have fib confluence along with a strong bearish trend on the higher timeframes.

chernofx

- Previous area of support potentially tunring into resistance on the Daily TF - Bearish Trend on the Daily TF, expecting a new Low around the psychological level of 0.90000 - Awaiting further confimration on the lower timeframes for entry

chernofx

Bounce off the Hourly lower TL

chernofx

Let's see

chernofx

- A simple break and retest of support at 0.88400 - Aligns perfectly with the 61.8% retracement level along with the fifth tap of the Daily Trendline - Overall Trend is strongly Bearish on the Weekly and Daily Timeframe Lets see how this plays out :)