Hello All and Good Morning, I hope you all made some good profits yesterday , I am now back with today's ANALYSIS but as always let's have a RECAP of yesterday before we proceed to today's Analysis.
YESTERDAY'S - RECAP!
We had our TRAPS set for yesterday, the traps were so simple and easy, we had our first ALERT at zone $1818 which was a retest and expected it to extend further at the TOP to $1820 but we also had indicated before this all, that SELLERS were actually loosing GRIP of the Market, the support for this statement was when we saw OUR MAJOR DOWNTREND being broken for the 1st and 2nd Time and we said if we could see the 3rd brake then we be expecting an upward move, which will be the only time i exit my entries, but then after level $1820 was broken we had initially indicated that we should expect a rise towards $1834 , we saw the rise after $1820 got broken although our expectations was $1834 we reached $1830 which remains as a point of concern.
TODAY'S ANALYSIS.
We can see in 4Hr Time Frame that there is a rebounce (FALL) , however we have our alerts set up and ready to confirm if it's a fall or a rise, my expectations are as follows, we have set our confirmation zone for upward movement at $1833, meaning if we see $1833 being broken then our TAKE PROFIT ZONE will be at $1846 however if the RISE is declined and instead we see a fall then level $1820 should act as our confirmation area, that is when it's broken then we'll be seeing $1805 and possibly $1795 (as indicated earlier during the start of this week).
Considering PRICE ACTION, for now BULLS seem to be having the BUYING POWER and due to the third formation of a trend OUTSIDE the MAJOR TREND which was a DOWNTREND this is an indication that guarantees change in trend movement, however we are not sure of when the trend will change it's movement but what we are sure of is the change of trend which we can actually see at the moment, With PRICE ACTION i'll be expecting the fall to continue only if $1805 is broken now, anything apart from that is null and void, this means i will be on the look out but i won't be going for a long run, SCALPING fits best f'or this moment, however when i look at 4Hr Time frame it's certain that we'll see level $1805.
Up until then please feel free to share your ideas, CIAO! LATER FAM!
YESTERDAY'S - RECAP!
We had our TRAPS set for yesterday, the traps were so simple and easy, we had our first ALERT at zone $1818 which was a retest and expected it to extend further at the TOP to $1820 but we also had indicated before this all, that SELLERS were actually loosing GRIP of the Market, the support for this statement was when we saw OUR MAJOR DOWNTREND being broken for the 1st and 2nd Time and we said if we could see the 3rd brake then we be expecting an upward move, which will be the only time i exit my entries, but then after level $1820 was broken we had initially indicated that we should expect a rise towards $1834 , we saw the rise after $1820 got broken although our expectations was $1834 we reached $1830 which remains as a point of concern.
TODAY'S ANALYSIS.
We can see in 4Hr Time Frame that there is a rebounce (FALL) , however we have our alerts set up and ready to confirm if it's a fall or a rise, my expectations are as follows, we have set our confirmation zone for upward movement at $1833, meaning if we see $1833 being broken then our TAKE PROFIT ZONE will be at $1846 however if the RISE is declined and instead we see a fall then level $1820 should act as our confirmation area, that is when it's broken then we'll be seeing $1805 and possibly $1795 (as indicated earlier during the start of this week).
Considering PRICE ACTION, for now BULLS seem to be having the BUYING POWER and due to the third formation of a trend OUTSIDE the MAJOR TREND which was a DOWNTREND this is an indication that guarantees change in trend movement, however we are not sure of when the trend will change it's movement but what we are sure of is the change of trend which we can actually see at the moment, With PRICE ACTION i'll be expecting the fall to continue only if $1805 is broken now, anything apart from that is null and void, this means i will be on the look out but i won't be going for a long run, SCALPING fits best f'or this moment, however when i look at 4Hr Time frame it's certain that we'll see level $1805.
Up until then please feel free to share your ideas, CIAO! LATER FAM!
Trade active:
Gold seems to have lost it's course, the current Minor trend is as well broken, this is the third time and as i had indicated earlier once we have the trend broken for the third time, this is a pure confirmation of trend changing, and also it is an indication that sellers have lost their selling power.
Considering Price Action, we can see buyers are gaining momentum, this is by just looking at the candle formation, meanwhile as i had indicate earlier today in order for us to confirm where our trend is headed to we need to consider some few aspects as addressed in my earlier post.
Up until then let's collect them BLUES!
Considering Price Action, we can see buyers are gaining momentum, this is by just looking at the candle formation, meanwhile as i had indicate earlier today in order for us to confirm where our trend is headed to we need to consider some few aspects as addressed in my earlier post.
Up until then let's collect them BLUES!
Trade active:
$1833 zone broken, buyers are having the advantage according to price action, as i had indicated earlier we are now headed for $1846 and the second Take Profit Zone should be $1853, we might as well see $1860, for now let's set our First and Second Tp.
until then do wish you a wonderful BLUE DAY!
until then do wish you a wonderful BLUE DAY!
Trade active:
There is a point for a fall that most of the traders are ignoring, however there is room for confirmation the possibility of seeing $1846 in the upward move seems to be loosing it's grip as well(it's getting low and lower as time goes by), we might have the fall earlier than expected, especially now that most of the traders are in buying entries, this is NO GO ZONE! otherwise let me confirm first and then i'll update you.
Trade active:
If $1842 is broken then we can confirm seeing $1846 -53 if it's not broken then we should expect a bounce back. awaiting confirmation for the fall from $1840