Considering this untested initial break setup: I was focused on explaining BBMA on my previous video. Now, this is what everyone want I believe (a trader's analysis for what's going to happen next for next week) So basically, this is my analysis for gold for the upcoming weeks. I consider Gold as bullish because we have enough confirmation that tells us that...
3 Main Topics: Naked Chart Analysis BBMA Analysis Lesson that I learned for the week I actually haven't included the third part on the video, but I'll just share it here: In the past few days on this week, news has been so misleading. I shared on minds my hypothesis about CPI where CPI doesn't really affect gold price that much upon checking on past...
I already call this a bear market setup now. This setup becomes invalid if we break 1953.047. From this strategy, I saw 2 potential signal that tells us that the price will be going down. First the bearish engulfing (initial break setup) and second is the CSK sell signal. The bearish engulfing candle closes below CB1 and at the same time, the candle closes below...
I'll be focusing on longs for now because: * Price failed to make new momentum sell candle * CSA Buy Signal (green candle on MA low and high) * AO Divergence on 1hr * Dominant break buy setup We already have setup on 4h chart as well that strengthens this idea (dominant break buy) On 1hr chart, there's already AO Bullish Divergence which tells us that price...
I'm out on market at the moment. Need more information on where the market wants to really go. For the mean time here are my zones. I won't be entering on the green mark. But if I have shorts, I'll be taking profit on the green zone. And in case that price goes up, I'll be taking profit on first resistance that was previously a support. If gold will go to 1964...
Yesterday's 1d candle just formed a CSA candle - a strong green candle that hits MA low and closes above MA high. Which implies that we're back at an uptrend for gold. I suggest looking for long entries rather than short entries. Overall, we got lots of high-impact news 3 hours from now. I kept the idea simple and we're looking on day chart right now. This...
OANDA:USDJPY If price reached 146.700, then the whole short setup is invalid. One potential setup is entry from 145.248 to 145.599 and SL at 145.700 One can enter above premium zone (145.721 above) and place SL on invalidation zone (146.700) TP at first fibo extension 1.618 target: 143.767 Reason for entry: * QM Sell Setup * 4h DBD (potential place for...
The Bulls are winning against the Bears at the moment. The bears try to push down the price to 1889.195, only to push the price even higher, forming a very long wick that effectively rejects MA 5/10 low area. This bullish signal becomes invalid if the price reaches 1884, which is our invalidation zone that invalidates QM Buy from my earlier analysis. My strategy...
Gold may go up. But until when? Going deeper on to 1 TF timeframe, we kinda see some signs of possible trend reversal. This idea is invalid if price closes on or below 1884. On 1h TF analysis , 1. We see extreme buy where moving average move past the bb line. 2. Followed by CSK Buy and CSM Buy 3. Price re-test and no longer breaks lower bb 4. Price didn't...
Whiile the price currently resides within the 1-day sell re-entry zone, which is an optimal area for establishing short entries, noteworthy signals emerge on the 4-hour timeframe in alignment with the BBMA strategy. Firstly, we have the CSAK Buy formation on August 21, and secondly, today's CSM Buy candle on August 22. To gain a more comprehensive perspective,...
Summary The price movement observed on August 21, as indicated by the candlestick, managed to surpass the opening value of the candle on August 17, ultimately concluding the day's trading session at 1894.895. Notably, the initial price of August 17 had been 1892.090. By employing the Fibonacci Retracement tool and commencing the measurement from 1894.895 and...