Idea - Gold 4h Short term bias down, following blue line trend wedge short.
Please share, comment or add your opinion. Thank you, Nath
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This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside.
Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region.
Although, when you factor in...
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @144.66 - .... and fall to the @141.200. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 141.400...
18th Feb - (p=227,355/l=282,215)
This pair is running a circus with tension on reversing. We have formed trendlines channels and I expect yet another to be formed inorder for a new uptrend to officially emerg. Previous trend continuation price action has been a failure however if we break low we are going to have a good downtrend.
After a break above structure on Lower (1H) TF resulting in a bullish engulfing on the Daily TF, im expecting exhaustion to the psychological 1.13800 area where i will be waiting for bullish confirmation on a lower TF to enter long
This pair is moving in the series of Higher highs and High Lows Consequently and we can see on our chart that it has bounced off trendline 5th time which indicates that it is in Highly Strong Bullish Trend! Currently, it’s Hard to predict whether it’s Going Bear or Bull, We will wait for price Confirmation. It could Also Go and break Trendline since USOIL has...
Last night, a journalist from C.C.N., while Bitcoin was still in freefall, urged and ADVISED people to buy in. Explaining that at around 4600 (and change, who can keep track - unless it's your JOB) Bitcoin had found it's bottom. The piece was marked as an Op-Ed , a disclaimer indicating that he is not a financial advisor - this was not to be construed as advice ,...
Personally, if it wasn't for the problems with Italy causing investors to stay clear of the euro at the time being - I would be investing in the common currency. The Asian currency is offering very little to investors and I think we will be seeing a sell of the Yen up until the year finish.
Price is currently at a key pivotal zone which we have highlighted to...
Update from my SHORT AUDUSD call I wrote posted here, currently up +340 pips across the two lots as price is nearing the target area of the 3 Drives Pattern I drew in here. On March 14th I absolutely nailed the coming decline. Do yourself a favor and check out that post.
Confluence: Relevant confluence around target area include the 78.6% retracement, the 100%...
USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity.
Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
My bias for aud/usd is bullish.
I was shorting this pair 2 times this week with small positive outcome. But bears have difficulties to push down, and we are entering bull area which means that there is better chance to go long than short. Enter at lows and take profit at last highs as showed in the chart.
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500.
I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000.
We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying...