What a beautiful play on gold, classic break and retest of the channel ! In three weeks from now we will love this screenshot. NEVER LOSE SIGHT OF THE BIGGER PICTURE. #XAUUSD
Looks like we wanna break up from this resistance zone!
After this clean break away from the EMA's on the 2hr. We find ourselves on a pretty long positions. Move SL into profit if youre on MT4.
A couple of days ago I posted this chart showing a potential "Bear Flag" which suggested a little upward move pattern which was supposed to be followed by the big drop. So far that Bear Flag is invalid because we have now a triangle pattern which still suggesting a downside move. EMA's are all suggesting we will see a big drop within the next 48hrs.
CURRENTLY RESPECTING THE 61.8% FIB LEVEL. WILL IT REJECT ONCE MORE AND HEAD DOWN TO CONTINUE TO FORM THIS MASSIVE TRIANGLE PATTERN?
CURRENTLY ABOVE ALL EMA'S ON THE ONE HOUR. PERFECT CASE FOR A LITTLE RISK .
AFTER MASSIVE MANIPULATION THAT STARTED AFTER THE 9;30 DROP. AT 10AM IT ABSOLUTLY JUMPED AND PULLED BACK UP TO THE 78.6% FIB LEVEL FOR THE PERFECT SNIPPER ENTRY AFTER THE BREAK OF THE TREND LINE.
IF SO, THEN IT'LL GO BACK TO EVENTUALLY TOUCH THAT LAST WICK UP THERE.
WE MAY BE RETESTING THAT BUE KEY LEVEL FOR LONDON SESSION IF WE REJECT FROM THAT GREEN RESISTANCE AREA.
In this current daily perspective ; we notice BTC forming a pattern as we have the EMA's showing us a lot of resistance . I don't think BTC will break that ceiling just yet. I believe we're onto a accumulation process before we go to new all time highs.
IT'S VERY SIMPLE . WHEN IN DOUBT ... ZOOM OUT ! P.S REMEMBER THE CLOSING OF MONTHLY CANDLE IS UPON US. CHEERS!
PRICE ITS CURRENTLY TRAPPED INSIDE THE EMA'S. A clean breakout of the ema's will definitely tell us a lot. Remember we are approaching the end of the month.. GO FIGURE ! xD
Now that we have the official closed print for this past week, we can observe some very aggressive momentum down. Expecting some lower lows in this week ahead.
As the time of this writing we are less than 4 hrs away from closing this weekly candle. As so far looks like its going to close on a very big bearish candle. I'd say BE VERY CAREFUL IF YOU'RE BUYING THIS PULLBACKS BECAUSE AS OF NOW , IT SEEMS LIKE WE ARE GOING TO GO TEST THE 21 AND 34 WEEKLY EMA'S. HENCE COMPLETELY DISREGARDING CURRENT FIBONACY RETRACEMENT...
ALWAYS DOUBLE CONFIRM WE GET THROUGH ALL EMA'S IN ORDER TO GET FULL ON BULL ON IT. DEFF GOT SUPER GREEDY ON THAT LIL PULLBACK FRIDAY. WANTED MORE BUT MARKET SUGGESTED BIG DROP COMING SO, IF YOU WERE NOT ON THE CHARTS SATURDAY, SUNDAY SUPER EARLY MORNING KILLED YOU. CRYPTO PRO TIP. ALWAYS LOOK AT THE CHARTS BEFORE YOU SLEEP BECAUSE CRYPTOS DONT SLEEP.
This trade was spotted last week. Started selling since the $400 price level. We predicted it would retrace back to this zone. (Yes, we did buy some pull backs on this move, but the bigger picture was always to the downside.) If you'd had placed a sell last weekend and you left it alone, you now can enjoy those big profits. If you got out too earlier, then that's...
Important levels to watch out as we are less than 2 hours from London session! All levels were found from 2hr (green) line chart and 15min (white) line chart.
These levels highlight high levels of interest from the 2 HR line chart, as well 15 Min line chart as we await to scalp Ger30 during London Session. One good push is all we need.