Fibonacci
Looks like AUDUSD wants to take the dive!!!!FX:AUDUSD
This pair created a really strong uptrend until this point. Last week price stayed within range most of the week. Let's see if the market has created enough liquidity to break the lows.
Depending on the strength of the momentum when price retests the highs, we could also see the formation of a Bull Flag. To be safe wait until price breaks above the highs with multiple candles closing for confirmation. Then we'll wait on the retest to enter a Buy.
Will AUDCAD print a bull flag or continue the FALL?FX:AUDCAD
On the higher time frame price shows a strong uptrend on this pair. With the current condition, we may be in for another impulsive move. The question is will the trend continue or will the market pull back? Looking at structure in this area as long as the highs are not broken there is a good chance that we will see a slight pull back before the continuation of this uptrend.
Depending on the strength of the momentum when price retests the highs, we could also see the formation of a Bull Flag. To be safe wait until price breaks above the highs with multiple candles closing for confirmation. Then we'll wait on the retest to enter a Buy.
EURJPY MONTHLY ANALYSIS In this video we see that the monthly had a sharp rejection of the 155.000 area of monthly support and still maintain the bullish structure for the overall trend and the weekly after falling for a while found a support and we could see a reversal or bullish move in the market for the coming month
Journal 8.30.24 - $KO - 200% Profit & $WMT 37% Profit in One DayThis is just a quick journal entry talking about the red, green, green setup. You want the weekly to for sure be "in force" and on the day have a red (pullback candle-high < high of candle before it), green candle, then next daily candle green. This is a nice day trade combo.
High Probable SHORT from 4Hr (78.5% Fib. Level) for the HOUSE..?COMEX:GC1!
"When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas
We coming out on TOP nothing less than that! Here I have developed a High Probable SHORT for the HOUSE to CAPITALIZE here on GOLD and below I'm going to break down what I want to see develop before we enter the market. Let's get to it!!
1) On the Daily TF I am starting to notice just ever so slightly exhaustion from BUYERS to the upside....
2) 4Hr TF we have a rising eR/LQ Trendline that buyers have been respecting very heavily. Also we have a smaller Descending eR/LQ Trendline that sellers have been respecting as well. We are currently trading inside of the last 4Hr Last High ($2570.5) and 4Hr Last Low ($2506.5). I drew out the Fib. from these price levels and price is currently trading around mitigated pricing of 70.5% ($2,551.5)
3) Now what I'll be looking for to enter the market SHORT is bulls continue to push price higher into the HTF 4Hr Supply Zone Candle stick... The Killzone level is 78.5% ($2,556.5) which is also near the 50% EQ level of the overall 4Hr Supply Zone and also near the descending eR/LQ Trendline that sellers have created to the Downside....
4) If and when Bulls can continue to push higher into premium pricing 78.5% Fib. Level I then will drop down to the LTF 5-15m and wait for a confirmed 15m Bear CHoCh. Once we can get this confirmation I will then look to enter SHORT and target the 4Hr Swing EQ Level ($2538.5)...
5) I'll keep close update as PA develops and we have more data to work with.
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!
Stay Focused & Reach Excellence!!
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