tommydogfx

tommydogfx

SHOWING DOUBLE TOP ON 4HR CHART. BACK TO 1HR CHART AND WE CAN SEE RESISTANCE AT 109.700, LARGE TICKS ON VOLUME INDICATOR SHOWING VERY BAREIISH CONFLUENCES, %R SHOWING RESISTANCE TO DOWNSIDE... THAT LARGE PUSH TO THE UPSIDE, WAS CREATED BY NEWS, I THINK PRICE WILL TRY AND CORRECT ITS SELF BECAUSEI IT CANT SMASH THROUGH THAT RESISTANCE ZONE.... IM SHORT 100%

tommydogfx

SHOWING RESISTANCE IN TWO ZONES HERE 1479.93, AND THE SECOND ZONE 1478.77 I WILL WAIT FOR NEXT CANDLE TO CLOSE THEN TAKE A SHORT POSITION ON THIS. WILLIAMS % ARE SHOWING OVER BOUGHT, VOLUME INDICATOR SHOWING LITTLE MOVEMENT TO THE UPSIDE. NEWS MIGHT HELP PUSH THIS UP SO I WILL HAVE A LARGER STOPLOSS, JUST IN CASE =}

tommydogfx

We can see on this pair that there is a head and shoulders formation starting to form.... Williams %R showing that the currency is overbought! i will take a short position, wait for the currency to correct, then ride short trades on the reversal.

tommydogfx

THIS PARE WAS LOOKING TO REVERSE ON THE 1HR CHART YESTERDAY BEFORE THE NEWS THAT THE PRIME MINISTER OF THE UK WAS ELECTED... PUSHING THE POUND IN A MASSIVE UPWARD DIRECTION! I THINK THE TREND WILL RETRACT, CORRECT AND HEAD BACK TO FORMING A DOWN TREND BEFORE THE WEEKEND, FINISHING THE WEEK WHERE WE STARTED BEFORE THE BULISH PUSH. ALSO I CAN SEE THIS IS...

tommydogfx

IM BASING THIS BIAS OFF THE LAST SUPPORT LINE A FEW DAYS AGO at 1472.77, the true range indicator is showing overbuying, due to recent volatility it pushed the price long but price seemed to correct instantly forming a falling flag. i think XAU/USD wants to be bullish ... :/ but for the time being i will take a bearish position then next week i will look for...

tommydogfx

I CAN SEE A POTENTIAL REVERSAL JUST AFTER THE INVERTED HEAD AND SHOULDERS... SIGNALING THAT VOLUME MIGHT PUSH BACK TO A BULISH POSITION. ALSO I CAN SEE SEE MY VOLUME INDICATOR IS SHOWING SHARP TICKS UPWARD, TELLING ME THERE IS BUYING POWER IN THIS TRADE. AT THE MOMENT MY TRUE RANGE IS NOT SHOWING OVER BOUGHT AND ITS CURRENTLY HOVERING AROUND 36.56... I WOULD...

tommydogfx

I can see that there is a line of support 108.468, down trend is starting to form a wedge, there is little to no resistance to the upside, my bias on this would be to wait for exhaustion, once the final candle is done, pull the trigger on a long position.

tommydogfx

My bias on this is that the trend is still in play, large push to the upside yesterday. small exhaustion for the next couple hours then another slight push to the upside. also my oscillators are showing possible overselling. on the 1hr chart. feel free to correct me =) goodluck =}