jefferson_the_chartist

jefferson_the_chartist

We saw a break and retest of structure from yesterday and considering the bullish sentiment on the longer timeframe, I'll be bullish till at least 1840 region till any further reaction

jefferson_the_chartist

If we keep seeing resistance here we might as well consider going short for some time, the buy scenario seems less likely as of now

jefferson_the_chartist

If we keep seeing resistance here we might as well consider going short for some time, the buy scenario seems less likely as of now

jefferson_the_chartist

I'll be looking short on the euro if I see a break below level X(1.14192) which served as a level of support last week Friday, there is a high probability of a break and slight retest before going bearish, my target will be 1.14129

jefferson_the_chartist

Gold was bullish last week overall, despite a few strong bears towards the climax of the week Gold is more likely to be bullish from what I see but I won't be making any comfortable trade decisions till I see price reaction above or below levels X or Y

jefferson_the_chartist

We saw USDCAD bullish for the most part of last week, with a correction to the downside which for the most part looked like a range, the week ended bullish and is likely to continue this week if we see weakness around level B as marked on the chart

jefferson_the_chartist

US30 was bullish last week until we saw what looked like a correction at the latter part of the week, we are looking forward to a bullish week if we see resistance above level X as marked on chart

jefferson_the_chartist

Good pips traders! It's another gorgeous trading week and I'm here again with my view of the market GU began last week on a bullish note at point X as marked on the chart only to reverse on Friday at key level B, I expect the market to be bearish for at least the first two days of the week before any further moves.

jefferson_the_chartist

We saw a resistance around the 1.2777 region which previously served as resistance, after seeing a head and shoulder formation with clear signs of weakness, I've decided to short till 1.25652 region which is a strong level of previous support.

jefferson_the_chartist

We are likely to see a downward continuation on XAUSD, It currently seats at the 1790 support level level 1808 is the nearest level of possible resistance which may serve as a push for a long or short term sell

jefferson_the_chartist

Our approach will be reactive rather than predictive here, price is currently at level 1.32839 which served as a level of support for the December 21 rally therefore seeing resistance around this level will suggest a possible short term rally

jefferson_the_chartist

Gu is likely to sell till level 1.3200 which served as a level of support if it fails to break above level 'A' 1.34432 which served as a region of support and resistance last week

jefferson_the_chartist

I'm expecting a bullish recovery on Gold but anticipating a possible range or support from previous level of resistance 'C' for now, I wont be making any trade decision till I see a reaction above or below level A or B.

jefferson_the_chartist

I'm expecting a bullish recovery on Gold but anticipating a possible range or support from previous level of resistance 'C' for now, I wont be making any trade decision till I see a reaction above or below level A or B.

jefferson_the_chartist

On Monday I analyzed and decided it would be best to wait for reaction above or below region A or B as marked on the charts, and truly, it was the best decision I made on USD/CAD why enter a trade when you can wait for confirmation before doing so? We saw a break and retest above structural level A as marked on the chart which indicated strength in the pair...

jefferson_the_chartist

Gold is currently in an uptrend with signs of weakness below structure on the 4 hour timeframe around 1841 and is likely to sell around either level 1 or two as marked on the 4H timeframe.

jefferson_the_chartist

This would make for a good buy scenario considering the break above and retest above structure on the 15min timeframe.

jefferson_the_chartist

USD/CAD is still in a downtrend and still showing no signs of recovery, we are currently seeing signs of weakness within the AB region as marked on the chart, for now the market is likely to continue downward to level 1.2370 which served as a previous support. we may expect a break either above or below structure A or B for now, I won't be making any further...