A great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it.
There's a retest on this and is great to see a RSI Divergence on this bearish crab.
One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone.
Candlestick pattern...
gold analysis
We have a resistance area compatible with a Supply area that represents a wall that is difficult for buyers to bypass
The closest possibility is to break the low
Hello Dear Traders.
Below you may find my setup for possible GU long continuation.
1)GBPUSD recently touched and bounced from the monthly support of 1984 of approx. 1.035
2)BoE will rebound for the taxes issue, so this will impact on positive GBP buying interest.
3)At the 4H chart it seems that it respects the wave analysis and with green colour you can see...
Hello Dear Traders
My point of view regarding the EJ for the short term. Cautiously and always with R:R management.
Note: The price is approaching a strong supply level but it can give the result.
From the purple supply zone we will se how it responds.
We will then react accordingly for sell in case of some candlestick pattern, weak bullish Price action etc....
Welcome back! Let me know your thoughts in the comments!
**CADJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Gold dropped near $1700 as US dollar rallied earlier today. However, it quickly moved up towards $1712. XAUUSD corrects from three-week highs after rejection at the 50 DMA at $1724. $1700 area could offer temporary support below which the previous day’s low of $1695 could be revisited. We are still looking to buy Gold as long as it is above $1700.
With DXY having broken a crucial supply zone/resistance @ 110.000, the road to 120.000 seems obstacle free speaking technically. On the other hand, looking at the fundamental picture, we can expect the FED to keep raising rates to tame the inflation. This would in turn as expected give value to the DXY and make it appreciate further thus sending other currencies...
Hello ! According To My Usdchf Will Go Now For Sell , Because Now Market Is Moving Around Weekly Multiple Resistance Area . So You Can Sell It Now For 0.9860 Level. Sell It From 1.0045 Area . Stop Loss Should Be 1.0090 Area . I Hope It Will Go Down . Thank You
USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings.
My only concern is a scenario where price gains enough bullish strength and...
USDCAD Broke the supply zone at 1.36630 and now the price seems to be aiming towards the next upcoming supply zone located at 1.38340. The stop loss is ideally suggested to be placed below swing low/ demand zone at 1.35500. Have a look at the main chart for complete trade details.
Trade Cautiously & Safely. Cheers
Just an update from previous post since I cannot post an update photo, but we followed the squiggly nicely and the idea is now reached.
Will update thoughts again soon!
