The price last night reach a level that never been so low since 2015, and right now affter some market structure we can expect the price coming down again till the level of last night (at least)
Simple market structure and following the trend till the green line of rejection zone Its very clear that the price its falling down in a very strong bearish moment. Respecting the basics of price action we can expect a short position Will be a week of strong bearish for many pairs and stocks
Simple following the trend and the market structure. The price restest a normal key level of resistance at 0.93224 and got rejection. Right now its falling back till @ 0.90611 zone
Flag pattern at 4 hours time frame and Bearish Symmetrical Triangle at 1 hour time frame
The GBPJPY is respecting the price action formation of flag pattern and now at 1 h time frame we can see a symmetrical triangle bearish pattern
Depending on how the market open we have here a strong zone of support and a pullback its very possible. The price its in over selling
We must wait for some confirmations before any move here, but the main analysis indicates a flag bulish pattern
We must wait for the gap and some confirmations before a possible short position here. The question is what is the trend? The trend is down at mountly and weekly time frame before a possible breakout of a little up trend. Its still possible just a retest of the main trend, but its why we need more confirmations, but everything indicates a strong bearish.
The NFP just confirmed the key levels. If you ask your self why its going up and not down just check my previous analysis. Here we can see just the basics. And the basics is the Market Structure (Up, Down, and Up), (breakout, retest, and up) Also a flag pattern
At 4 H Time Frame its possible to see a bearish double top formation and the retest already done. Good oportunity for some pips till at least the last lower low.
Strong bearish moment. Good for a short scalp trade
This is the previous analysis of XAUUSD made it at weekly time frame. Now at 4 H time frame.
Gold is in a very strong bulish moment and everything indicates a bulish continuation affter the price at weekly timeframe retested this strong support zone at @ 1565.13. Always follow the trend, and the trend is at weekly and mounthly timeframe. This is another update of my previous analysis at February 29. The price is now very close to my Target TP and then...
Market Structure Down, Retest and down again on Down Trend
This is one more update some previous long term analysis.
The price has been respecting the Price Action and recently affter retest this visible channel is starting moving up again.
There is a very strong support level at 0.95433 and the price is making a pull back. At least till 0.96486