#Gold Update: Yesterday, the market failed to hit the sell entry point. I am still bearish so I will keep watching that zone. Currently the market is retesting a small QM on the 1hr and SNRC on the 4hr giving a setup inside a setup kind of confirmation. I am waiting for lower timeframe confirmation to go short. If this sell zone fails, by price closing...
#Gold Update: Daily imbalance signaling sell continuation. QM on the 1hr chart for short entries.
Price formed a all time new high today, fantastic right? At the moment we have a retracement, a serious rejection from today's highs. If the daily candlestick closes with a pin bar then it will definitely leave so many questions whether my short term buy entries will work. Anyway, am watching level 2014 for possible buy continuation entries.
Price is on an uptrend. But on the 4hr we have an imbalance that can give a short term sell entry. Am watching price approach this zone, my play is to wait for lower entry sell confirmation to get sells.
The daily trend is up, so the best way to play here is to find buy continuation entries. But price formed an imbalance on the 4hr signaling a sell entry from level 1.2700. If I get a sell confirmation here, am riding down around 100 pips then look form buy continuation entries. Looking at the 4hr again, there's a fresh demand zone that can give beautiful buy...
Long term trend is up. Price hit a resistance level and retraced a bit. Right now price is retesting a fresh demand zone on 1.0923 and my prediction is the uptrend will continue.
Price is trending up. On the 1hr a complete setup with a 4hr engulfing confirmation. Entry on confirmation.
The market has been trending down for the past few weeks, and until that trend changes, the best thing to do is to ride the trend. At the moment price is retracing up, my bias is bearish hence am looking for possible sell entries on retracements. Am watching the level marked above for possible sell POI. If this sell hold, then #EURUSD and #GBPUSD might buy.
This is for those wondering why I keep posting DXY, just for correlation. My view on #GBPUSD is that it might sell because price is currently on a weekly zone. So, if DXY decides to retrace back up to 105.80, then my dear #GBPUSD might respect the zone and move down to 1.2170 for buy continuations. Right now, am watching to see how price behave so that I can...
Price spent 2 weeks consolidating but broke and closed below after the negative NFP release last Friday. This week am watching two zone and in my view price might: Move down from where it's to the weekly level on 103.80. To join the continuation trend, I will use lower timeframes setups and confirmation to enter sell trades. If price fail's to move down from...
Price has been consolidating for quite sometime now. And am betting on that consolidation. On the 4hr, yesterday price saw a serious move up that created an imbalance on the 4hr. On the 1hr chart a complete setup with confluence. Buy entries on confirmation.
Daily chart: We have imbalance, with price breaking a minor market structure. On the 4hr, A complete bearish setup. On the 1hr: An entry point risking around 16pips. Sell entry on confirmation.
Price is currently on a resistance zone. I have 2 views on how this price can play. First: Buy entries. The daily timeframe is very bullish. This means that price might continue with the trend. We have seen a consolidation between level 106.60 and 105 which might come to and end. Yesterday price pushed higher with strong momentum, but failed to break this...
Price is currently bouncing off level 1.0650. I am looking at a 3 drive pattern couple with a demand zone on 4hr. Also, the dollar index signaled a drop and I think the correlation is quite strong. But because the zone price is on has been retested before, price might break below it to continue with the long-term weekly drop.
Price is on a sell zone. This level extends from 106.30. 106.60 On the 4hr, price saw a big move down leaving behind a supply zone. on the 1hr we have a 3 drive pattern signaling a move down. This sell zone is not fresh, it has already been retested and the fact that price is on a uptrend on weekly chart, chances are this zone might be violated. For me to...
Price hit the 2000 level last week. Right now, there's a retracement but I believe that the uptrend will continue. This is why: There's economic crisis on the middle east driving gold demand high. This due to it's safe haven characteristics. As the uncertainty increases so does the demand for gold. Technically price broke the strong resistance level on 1992...
Price has been moving slow this week. Retesting the demand zones it leaves behind. At the moment am watching the 1hr chart for buy continuation entries.
Price signaling a short term GBPUSD from level 1.0538 to 1.0600. On daily chart we have imbalance to the upside due to Engulfing body. On the 4hr, a break in market structure. On 30 min a complete QM setup. And the most important part is that this bounce up in form of Engulfing on daily chart is from a support zone.