On September 1, we saw SPX500 test the FVG and an immediate bearish downfall was the result. The cause of the break of structure (bos) is what is needed to be tested and we can see price is currently on the path to do so. Liquidity has now been created below the FVG that was left untested before the bos. Entry: 4499.12 Stop Loss: 4510.14 TP: 4429.17 (Recent Daily Low)
Gold began selling from 1952 2 weeks ago...we still see selling pressure incurring. Will be selling till the next Daily low. Entry: 1910.54 Stop Loss: 1912.86 TP: 1884.78
Another Higher Low confirmation has been achieved displaying the possibility for long to continue it's long bullish trend. The first target is at $1890 where there was a strong rejection a few days ago prohibiting the pair from achieving it's next high of $1900 which is the second target.
The pair has seen a strong bullish trend for the past 6 weeks On the daily chart we saw the pair close with a evening star displaying a signal that a pullback will possibly occur. It has failed to break the $1875 key level and it has began consolidating meaning that a possible drop is about to happen. The setup for the pullback as displayed is: Entry @1868.000...
The pair retraced to the 61.8 fib level which is where we expected it to reach. We should see this pair continue its uptrend and try to break 1.40000 as it failed to do so 3 times on the daily time frame. TARGET 1: 1.39500 TARGET 2: 1.40074
Double Top formation on the 2H time frame. TARGET: $1710
An Inverted Head and Shoulders is being formed presenting a nice swing buy setup. Two targets: TP1 @ 0.89255, TP2 @ 0.89711 Stop Loss: @ 0.88756
When starting my top down analysis from the 1D timeframe, you can see that the pair has been trading in an ascending channel for weeks now. It failed to break the 1.37000 zone three times already and has failed to break the trend line 4 times meaning buyers are still winning but have been struggling this week to form new highs.
GJ sellers have failed to break the trend line signifying that the bullish trend GJ has been having for weeks now is going to continue. We can see a formation of an inverted hammer candle giving us a hint that the trend is about to reverse and continue the trend upwards.
XAU/USD SHORT - RSI displayed the pair has been overbought
We saw price break through the $1800 level after a 2 week drop. Waiting for a retest at the $1850 price level before the move down or a break and retest kind of setup.