Hi traders, As you seen in above chart GBPUSD broke the wedge. wait for market to retest at broken structure only sell if prices break $1.2885 key level Targets: 1.2890 & 1.2830 Please like and comment!
Hi Traders! According to Report of Gold chart Post-mortem you can clearly see some clues like Previous strong bearish Trend, candles rejected 50EMA and Crossover of 20 & 50EMA. which clearly shows market is in Bearish bias! Important levels: Daily PP $1885 ( and Confirm) Possible retest at $1894 Area. Correction cluster Area (1899 to 1911). Targets: $1874 and...
Best selling area is btw $23.40 to $23.80 Stop should be Above 24.20 Goals $21.90 and 20.90
Hi traders! As you seen in above chart Gold breaks Rising wedge and Dropped rapidly. This drop is like a Falling Knife and Momentum is so bearish. We don't expect major recovery at this area. Where to Enter? Best entry point are $1883, 1888. Stop should be above $1892. Goals: $1862 and $1844 Every system has a limitation!
Hi traders, As per chart you can see Area of Conflict at $1927, where Major trendline, Rising Channel and Key resistance level conflict with each other. We need two high that miss testing the top of the Rising channel. Market moves like a "Stair Steps", which means something happening in future. Only enter "If" it breaks the channel than $1857 on Radar! Good Luck!
Hi traders, Wait for break of $1698 Target: $1630 Stop should be $1790 Thanks!
Hi Traders, Gold creates a Rising wedge pattern in 2h time frame. In daily HH,LH pattern shows some Bearish pullback not reversal. Entry would be Tricky If prices Respect $1990 Daily PP and moves Upward than Enter from Correction Cluster area ($1910 t0 $1920). Or Enter whenever if market breaks $1990 area and place 4H. Targets: $1890 and $1873 Stop Should be...
Hi traders, As you seen in above chart Gold in placing LH and LL. Please check Price action at conflict area of Trend line and $1920 level. Stop should be above $1928. Targets $1890, $1855 and $1822 on Radar! Every system has a limitation!
Hi Traders, Crude oil just retest the broken structure of previous trend and placed Inverted hammer rejects the weekly PP at $40.14. Goals are $39.55 and 38.85 with extension of 38.25. Stop should be 40.25 Good luck!
Hi Traders, Psychology: Yesterday i saw strong fight between Bulls and Bears (volatility) but interesting thing is that at the day end Bears won and prices closed below $1888 weekly PP. Intraday strategy for sell: Wait to break trend line mentioned in chart level at $1883. But, don't jump into trade for more accuracy wait for $1880 and place atleast...
hi traders, As you seen in above chart GBPUSD broke trendline and closed 4h above Weekly PP area. Moreover, 50EMA and 100EMA intersects at the area of confluence. it indicates Bearish trend is over! Goals are 1.2915 and 1.3075 Stop should be below 1.2780 Every system has a limitation!
Hi Traders! As you seen in above chart SP500 Broke the Structure of High confluence where 50EMA and Trendline conflict with each other. You can also check the price action it clearly shows Bullish bias. Where to Enter: If it Retest the Broken structure at $3328 level. or Whenever it breaks $3356 level and placed 4hourly above. Goals: $3405 and $3490 Stop...
Hi Traders, Last week Gold broke the Symmetrical Triangle and placed $1850 (100EMA). Now Gold is in recovery phase and yesterday created Double bottom in 4h. Moreover, Recovery momentum is Strong so we can see some further levels for recovery. $1888 (weekly PP) and $1894 as weak support. $1904 (50EMA) with extnsn of $1912. Thoughts: Gold dropped from $1956...
Hi traders, Confluence area of $1938 is very important where market may be place Lower high and moves downward. Goals are: $3285, 3265 and $3210. PS: Dont enter without confirmation check price action at confluence area. Draw a trendline in lower time for more accuracy. Please like and comment!
According to hourly time frame Gold creates Head and Shoulder Pattern. Bearish Wick candles and prices prevailing below 50 HMA clearly shows bearish bias. Moreover, market created Double Top at $1959 level. where to Enter? If market breaks Trend line (mentioned in chart) and 1&4 hourly close below $1952 level. Initial Target will be $1940 and $1930 with ex of...
Conflict area where Hull Moving average and uper Trendline and also know known as Broken structure, where market broke lower trend line. Long wick candle: 4hourly candle creates Long wick (TALE) downside. Shows some Bearish bias. Short from Current price $27.00 TP: $26.50 and 26.00 Every system has a limitation!
Gold Lower Following FOMC Release, Still Within A Consolidation phase. Gold broke trend line yesterday and touched today $1937 area. candles show very strong bearish pressure. Moreover 4H closed below 50MA. This shows some bearish Bias. Where to Enter for sell? Enter at retest of broken structure btw $1947 to $1957. 0R Best entry at...
Short it if breaks trend line. Targets are: $1.3101 and $1.3068 Every system has a limitation!