Here is my take on the technical price action on Gold. Gold has been bearish for a few days now but here's a chance to reverse that trend. We have a break of structure and choch - indicating that smart money are beginning to buy some gold. We wait for a precision entry at at the the retest of the FVG around 1977.18 ( green arrow) I am anticipating a...
For additional confluence, one could wait for trend line break and a retest to enter a sell on USDJPY. Please note we have core PPI in the US today @ 1330 GMT - This will significantly affect this pair. I would strongly urge you to perhaps set a sell limit order at the trend line reset and ride the bearish wave!!!
We have mitigated the Bearish H4 OB and now we look for confirmation on the lower time frame. I have used the FVG to identify my entry point. This will be a sweet SELL.
Bitcoin remains bullish trading above the 150EMA. However, looking at the H4 Time frame a pin bar was painted on Wed 22nd Nov suggesting a potential corrective move downward. Subsequently, we can see the bullish momentum loosing its thrust with a couple of indecision candles, adding confluence to our bearish corrective move. Target TP 1 at the H4 demand zone
www.tradingview.com First of Many...My 1st post!!!. My interpretation of the Market Structure points out that BTCUSD is bearish. it has broken the support trend line and retesting it. on the monthly time frame. I anticipate a strong bearish impulse over the next few hrs. My initial take profit is at support -20110.