XAU Presents a Pending bearish opportunity toward a bearish pullback towards the daily 62% Fib level at 1802.00 level retracement.
Upon validation, we are able to continue looking for a long position that may break the Monthly resistance at 1840.00, setting buy orders at 1802.00 as this may prove to become a strong demand zone for Price to break the Monthly resistance.
soon i'm looking for GBP to test 2018 high/resistance before a nice short and break of its weekly-daily bullish trend.
Now the market may not play out in this way or order but i nice look here on the weekly and daily.
i will most likely scale into smaller time frames to capitalize on long & short movements.
Seeing that we are near the weekly support level and currently respecting the marked zone on the 4hr chart, I am anticipating a upwards correction to broken area shown above. Look for bullish momentum on 1hr to enter trade. OANDA:EURNZD
NZDJPY developped and broke a rising wedge, now the price is in a compression mode (red rectangle), it tried to push down last monday but failed, pay attention to the 50 sma in h4 chart, as soon as the price breaks it and closes below it, you can consider to open a sell position with the green zone as a target (around 72.00 could be a nice take profit because...
Wait for break AND retest on the 1 hour TF
enter 15 min TF
CONFIRMATIONS OF 2 BULLISH or 2 BEARISH candles DEPENDING ON BREAK OF ZONE (FLOOR OR CEILING)
25 Pips TP
25 Pips SL
0.01 per every £100 in account
0.02 = £200
0.03 = £300
0.04 = £400
0.10 = £1000
Previous zone failed to hold as support, looking back I entered a bit prematurely/aggressively.
In my opinion this zone is stronger as you can see a clear S/R flip.
Got rejection and bullish flip of structure on shorter timeframes.
Still overall bullish on H4.
Higher timeframe downtrend (trendline) accompanied by a double top and a pinbar candle. Also the next candle currently is bearish hope to close this way. Then we would get a evening star pattern. This would indicate a short potential.
well, it's doing what I was waiting to confirm a big bullish move. breaking previous structure, zones, etc. look my previous analysis, there you will see the complete history...
I think this next 3 weeks are going to be key for the crypts, let's wait and see.
THIS IS DIFFERENT ,LOWER LOWS,LOWER HIGHS ,PRICE IS CONSOLIDATING ,WE ANTICIPATE A BREAKOUT,WHICH WAY,BULLISH STANDS OUT BECAUSE EVER SINCE A FAKE BULLISH BREAKOUT THE MARKET STARTED ACTING AS ABOVE DESCRIBED BUT IT WAS KINDA OF MAKING A BULLISH MOVE
WE HAVE 2 TAPS OF OUR DAILY RESISTANCE LEVEL WHICH HAPPENS TO ALSO FALL WITHIN THE SAME AREA AS OUR 38.20% FIB RETRACEMENT AND DESCENDING DAILY TL. A 3RD TAP AND WE'LL EITHER SEE A BOUNCE OR BREAKOUT TO THE UPSIDE. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.