Dak_Trader

Dak_Trader

The D1 and H4 are bearish inspite of the W1 being bullish. We saw a double top at previous support turned resistance. I am expecting price to to continue heading lower to the $25,000 zone which is major support on the W1.

Dak_Trader

After making highs around the 2000USD region we began to observe what looks like a pullback. This pullback however can play out in two ways. First, price recently tested the 1800USD region of minor support. This can hold price and a rally to create higher highs can begin or it can rally to the major resistance at 1950USD and reject to the downside to form a head...

Dak_Trader

Possible move to the up side for BTCUSDT as price hits minor support. This support also aligns with the 0.382 fib level. However, if price breaks that level, we can see a move down to 25k region which is the neckline for the head and shoulders pattern. Note: NOT FINANCIAL ADVICE.

Dak_Trader

So following the a strong job market and above expected inflation, the prospect of higher interest becomes increasingly closer to reality. This however is very bearish for gold as investors will prefer to hold USD instead of gold because of interest payment. From the charts, we see that the brief rally on gold bounced of our major trendline resistance structure...

Dak_Trader

The weekly candle closed bearish, this comes after an extensive rally that came of the back of a weak dollar. This weakness can be linked to profit taking and uncertainties due to hurricane Ian that hit Florida and other parts of the US gruesomely. This however did not last as the macro economic environment remains bearish for gold. However, I won't be quick to...

Dak_Trader

So from the higher timeframe (W1 & M1), the market is clearly to the downside. This is coming of high interest rate and strong economy for the dollar which is bad for the rest of the world. Also, uncertainties causes capital to flee speculative currencies and assets into the US dollar hence is the weak in the pair quotes against the dollar. Back to the charts, on...

Dak_Trader

So XAUUDS from our overview (M1 & W1) we created a double top and have broken the neckline. We know also from our overview we are going lower. On the D1, we see a rally that came off a weakness in the DXY but the trend is still bearish. We also know that Gold moves in zones, with this we are expecting price to come back to a key zone before heading back...

Dak_Trader

On the M1 & W1, we see that price just broke a key level to the downside. This tells us that we are in a down trend and will expect to take sells from lower timeframe. On the D1, we see a double bottom that initiated a brief uptrend. This aligns with the intervention of the BoE in the bond market that strengthened the cable. But the cable is still bearish so i am...

Dak_Trader

From where we left off last week oil just broke a major W1 support level. I am highly convinced that USOIL will create opportunities to short the market. Nevertheless, we will be looking to predict the market but will react accordingly as opportunities present itself.

Dak_Trader

Price just broke a major support level . I am expecting price to continue to the downside and will take my entries at a retracement on the H4.

Dak_Trader

From the W1, the price is at decade support that has held 4 times since march of 2009. I believe that at these prices, trades will believe that NZDCHF is cheap and will start buying. However from the D1, We see that momentum is still to the downside as price continues to form lower lows and lower highs confirming that price is to the downside. On H4 which our...

Dak_Trader

From the W1 timeframe, we can see a double top pattern that successfully broken the neckline confirming bearish pressure. Also, last weeks WI candle closed bearish confirming sell momentum. On the D1, we can clearly see that price pulled back after what looked like a head and shoulders pattern and after failing to break the neckline slumped back below support....

Dak_Trader

Expecting price to be bearish for GBPCAD. Apply proper risk management

Dak_Trader

Expecting price continuation to the upside for GBPJPY. Apply risk management.

Dak_Trader

Expecting BTC to break the neckline of the Double top for a continuation to the downside.

Dak_Trader

After a long correction from the primary bullish trend, we are seeing a break of structure signal the beginning of a continuation to the upside.

Dak_Trader

After the NFP that came out last week Friday, I believe that the dollar will be stronger than the pound going into next week sending the cable down. Also, one can spot a head and shoulders pattern confirming the downtrend.

Dak_Trader

Based on the pattern on the chart, I believe a long is to be expected for BTC.