Gold continuing downtrend to complete wave c of 4. Bearish until $1660-$1640 area
Price broke structure on both sides to grab liquidity. Next we can anticipate smart money to move price up to fill imbalance and mitigate their orders before continuing it's way down. 1:5RR SL: 154.500 ENTRY: 154.313 TP: 153.228
Price broke structure on both sides to grab liquidity. Next we can anticipate smart money to move price up to fill imbalance and mitigate their orders before continuing it's way down. 1:5RR SL: 154.500 ENTRY: 154.313 TP: 153.228
SL: 1.51600 Entry: 1.51330 TP 1: 1.49222 1:7 RR TP 2. 1.47908 1:12 RR TP 3: 1.45631 1:21 RR Imbalance is being filled, retail trades are being liquidated, institutions are mitigating their positions before taking the price down further to grab more liquidity below.
GBPJPY still bullish on the weekly timeframe. As you can see price retraced down to the 38.2 fib level respecting that and previous BOS for a continuation to the upside
Price losing buying pressure, expecting to see bearish move to key support level . Could potentially break support to test the previous lows down to $2,400 - $2,300 area
My previous analysis was inverse head and shoulder.. that is now invalidated. Now what looks to be forming is a bullish quasimodo pattern. Buy entry when price moves towards the green line to create the "right shoulder"
If price comes down to the grey box area look for buy entries set stop loss below head or wait for a break of the neckline for bullish confirmation . Trade cautiouy
Potential re-entry on gold at 786 fib level for a buy
Bulls in full charge. 2k-2031k price target to the moon
Price broke flat upper trendline of ascending triangle on 15m chart. Next resistent level to test 1960 area. If price fails to break 1960-1965 area expect pullback to resistent level 1950 now turned to support level. Price target 1990-2010 area
Price is currently in an ascending triangle. Watch for breakout of flat upper trendline. If price fails to break above flat upper trendline and breaks the rising lower trendline below, then this idea becomes invalidated and can expect price to drop around 1920-1910 area. Trade cautiously always use a stop loss and never risk more than you can afford to lose.
Price is currently in a ascending triangle. Watch for breakout of the flat upper trendline for confirmation