coming to major level here very strong, cad is completely dead this morning lol
probably a break and will be watching for the retest, beware cuz its friday and quadruple witching day (google) so it may be a fakeout and give large large wick
i will be waiting for last kiss or that big fat fakeout
read higher tf PA :))
the green boxes are the "Buy zones".
We can see the Fibonacci retracement overlapping inside the reload zone , it's a good sign that the market will go higher.
Technical analysis is just based on probabilities.
People who do TA analysis are just statisticians , it's only the most likely outcome and not an absolute.
Nothing is absolute on TA...
Price has been pushing higher this past week.
Similar to the GBPAUD chart there is an obvious Daily zone, this is too wide a risk for my liking.
Down on the 1hr chart I have found a demand zone that is just above the Daily price, which when looked on the 1hr chart is very sideways.
Will wait and see what price does
Having a look through the timeframes the only areas that are standing out are currently on the Daily TF
Price has been pushing higher, given the previous price action, as marked out in the rectangle box there is a fresh zone at the 152.00 level
will wait for further confirmation on current direction
Potential sell setup on GOLD. The only thing to be cautious about is that GOLD is in an uptrend on the daily. The DXY (Dollar Index) is also in consolidation on the Daily so we very well could see GOLD rise.
4h morning star
1h morning star early london momentum still moving up
higher time frames always win so need to trust
we have triangle formation waiting for break with our long bias from higher tf
we get a last kiss on 15m with lots of nice rejection dojis
one more push and rejection of down trend line and then a break with the 5m tf
also 30m ftr which was a...