Current Trend is ABC retrace wave. TP area is below the current low. Wait for 1hr/2hr engulfing or pinbar breakout.
Gold form a MAJOR ABCD on Daily time frame. Inside MAJOR CD move also form a MINOR ABCD Inside MINOR CD also form a MINOR MINOR ABCD , price quickly drop and form a V reversal after break a high and the whole movement haven't retrace 0.382 yet. If Price break 2285 , then current drop is a AB move TP1 : 2200 (MINOR MINOR ABCD 0,382) TP2 : 2130 (MINOR ABCD...
BTCUSD haven't retrace 0.382 Follow current impulsive trend -wait for price return back to nearest demand zone -inside bar breakout buy Target: Price around 0.618 of ABCD
I think gold is going to change to buy bias next week , let's see!
Daily : Previous Low H4 : Demand Zone M5 CONFIRMATION- - 8EMA Cross 50EMA Entry Level : 0.8 Fibo TP : 1:3
Weekly : Bearish Daily : Supply Zone H4 CONFIRMATION- - 8EMA Cross 50EMA Entry Level : 0.8 Fibo TP : 1:3
Daily : Bearish H4 : Demand Zone H1 CONFIRMATION- - 8EMA Cross 50EMA Entry Level : 0.8 Fibo TP : 1:3
Daily : Bearish H4 : Demand Zone M5 CONFIRMATION- - 8EMA Cross 50EMA Entry Level : 0.8 Fibo TP : 1:3
Weekly : Bearish Daily : Bearish 1H CONFIRMATION- - 8EMA X 50EMA - Supply zone - Inside Bar Breakout TP1 : 1.07980 (1:2 Half Position) TP2 : 1.07400 (1.272 Half Position)
Weekly : Bullish Daily : Bullish 1H CONFIRMATION - Inbar Bar Breakout (Follow the trend) TP1 : 82.35 (1:1 Half Position) TP2 : 83.60
Weekly : Bullish Daily : Bearish 1H CONFIRMATION - 5EMA X 50EMA - Supply zone - Pinbar Breakout