ryanngyk1

ryanngyk1

at resistance 4h printed a rejection. price went to 1313 yesterday, but retraced to around 1318, before continuing down to where it is now. on D, it looked fine. For swinging, may be a better idea to follow the larger time frame. This is one example of when it works.

ryanngyk1

Was a short with a tight stop.

ryanngyk1

4h lower high at resistance, overall downtrend

ryanngyk1

4h structure formed, pending a lower low.

ryanngyk1

I expect a higher low to be formed on D. Wait for a HL then enter on confirmation.

ryanngyk1

Wait for it to retrace higher then short again upon confirmation. Downtrend is confirmed upon the creation of a lower high.

ryanngyk1

Strengthening of NZD in March - Mid Apr. Might be a long opp, watch for a retracement forming a higher low on H4 before entering.

ryanngyk1

Weekly rejected since 2 wks ago. Now looking at the 3rd week of falling gold prices - will it happen? D might pull back to a higher price region before turning back down. Global risks coming back into play to push gold up? Possible downtrend. watch for a lower high to form before taking a short position.

ryanngyk1

Pullback into support before continuing up. the way ahead looks clear, and CAD is weak.

ryanngyk1

risky, weekly looks like it hit resistance. As of this moment, uptrend is still intact. When a lower high is created, we're out of the uptrend. Smaller TF downtrend not confirmed yet, but if this level holds, maybe the TP needs to be smaller.