Engulphving Candlestick pattern can be seen in the Gold daily timeframe. As long as the price of gold is below 1952 and if it can stabilize below 1936 in 4H timeframe , the first target is 1924 and 1902. I will wait until 1924.
If you agree with my idea please like.
4H Gold going to 1800 good buy zone !
Resistance was broken
Price action so bullish !!!
I think it's correction time pullback to below fibo 0.382 or 0.5 then again bull run.
Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk.
This is a 4 -hour chart.
I see a pretty clear Head and Shoulders as outlined.
If we follow the projection of the Head and Shoulders, it takes us right to the level of the tail produced by the May 16th candle earlier this year.
Remember, wicks and tails like to be eaten .
Also, I drew a Fib from the high ($13.8K) to the low ($9K) and noticed a few things.
A gift from me guys, EUR/JPY with a lot potential of going down,
Daily Evening Star Confirmation, rejection of 125.500 (shooting star), 140 pip move
Every rejection 125.150 is a good entry.
Be careful about 124.892 zone and 124.554 and the most important zone or monthly supp 124.000
Almost forgot trendline retest and rejection.
4H Watch out zones.
The Daily looks like to broke the structure. The green Demand zone. Need to wait Daily closed first, but the 4hr zone is also break structure and it's closed. I'm looking for some retracing first before to sell the USDJPY. It's look a sweet setup. If the price cam to the 4hr zone "purple zone" that i drew on the chart. Next to go 3-15min time frame and look a...