Dailypaperfx888

Dailypaperfx888

CONFLUENCES 1. Price action, BREAKOUT and CLOSE above 4H TRENDLINE 2. Price Re-test trendline 3. REJECTION of 50% Fib re-trace & FAILURE to close under trendline. 4. CONTINUATION of Bullish momentum towards previous WEEKLY/MONTHLY resistance @ 1845 TARGET TAKE PROFIT #1 @ 1845

Dailypaperfx888 Updated 

1. Bearish structure LH/LL 2. Fib retrace of swing high @ 1.17890 to swing low @1.17002 50% retraced @1.17444 3. multiple rejections marked by multiple arrows on wicks and resistance zone 4. TARGET TP 1 at previous monthly support @ 1.65000

Dailypaperfx888

CONFLUENCES 1. Bearish Trend = New Found Lower Highs + Lower Lows 2. Swing High From Previous High @ 23.89 To Swing Low @ 22.00 3. Retest Of 50% Fib Retrace 4. Multiple Rejections Daily of 50% Retrace Confirms Entry Position 5. TAKEPROFIT 1 AT FIB EXTENSION 1.618(20.846) 6. TAKE PROFIT 2 AT FIB EXTENSION 2.618(18.97) 7. FINAL TAKE PROFIT AT PREVIOUS...

Dailypaperfx888

CONFLUENCES 1. New found lower low @1744 2. Fib retrace swing high @1787 to swing low @1737 3. Retest of 50% retrace around @1760 zone Which is also weekly resistance 4. Rejection of weekly resistance / 50% retrace. 5. ENTER POSITION AROUND @1761 6. TAKE PROFIT at Fib Extension @1705 Which is also previous monthly support @1705 AREA.

Dailypaperfx888

SIMPLE CHART PATTERN SETUP ASCENDING TRIANGLE . BULLISH WAIT FOR BREAK OF TRIANGLE. LOOK FOR RETEST AND REJECTION ONCE REJECTION CONFIRMED. BUY ENTRY POSITION PLACED.

Dailypaperfx888

CONFLUENCE COUNT 1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS MONTHLY SUPPORT @1686 2. MARCH 15 WEEKLY CANDLE CLOSE ABOVE PREVIOUS MONTHLY RES @1733 3. MARCH 22 WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS MONTHLY RES OF @1733 NOW TURNED SUPPORT. 4. MARCH 29 CANDLE RETEST PREVIOUS MONTHLY SUPPORT OF @1686 ( MAJOR REJECTION ) 5. APRIL 5 ...

Dailypaperfx888

Gold dropping lower and lower, breaking monthly support after monthly support. now ranging within a Bearish Triangle on the Hourly Timeframe . waiting for the squeeze to break out under towards previous monthly support of 1686 then so forth towards 1577

Dailypaperfx888

FINALLY BREACHED 1800 WE HAVE BEEN BREAKING MAJOR MONTHLY RESISTANCES ONE AFTER THE OTHER FOR THE PAST YEAR FROM 1500 TO 1600 ALL THE WAY UP TO 1700 AND NOW TO 1800! ARE WE LOOKING TO REACH 1900 AND MAKE NEW ALL TIME HIGHS?? WE HAVE REMAINED BULLISH ON DAILY AND 4H TIMEFRAMES DAILY AND 4H BULLISH TREND LINES REMAINS RESPECTED AND KEEPS PUSHING FORWARD TOWARDS...

Dailypaperfx888

GOLD OPENED AND CONSOLIDATED AT PREVIOUS DAILY RESISTANCE AND CREATED A SIMPLE RECOGNIZABLE ASCENDING TRIANGLE PATTERN ONCE WE BROKEOUT BULLISH, POSITIONS WERE ENTERED AND TAKE PROFIT WAS SET FOR @1716 WHICH IS OUR LAST MONTHLY RESISTANCE PRICE WAS HIT AND PROFIT WAS TAKEN. WE CONTINUE NOW TO LOOK FOR A RETRACE AT PREVIOUS RESISTANCE WHICH NOW SHOULD TURN TO...

Dailypaperfx888

CRITICAL ZONE UNDER 2 TRENDLINE CROSS NEW LOWER HIGH SETTING UP REJECTING OF MONTHLY RESISTANCE @7164 IF TRENDLINES HOLD AND PRICE RESPECTS NEW LOWER HIGH WE ARE LOOKING FOR PRICE TO DROP TOWARDS @6425 ZONE TO CREATE A NEW LOWER LOW AND CONTINUE TO FOLLOW PRICE DROPS ALONG STAIRWAY DOWN

Dailypaperfx888

ON THE 1MIN TIMEFRAME WE ARE LOOKING AT A MINOR RISING WEDGE PATTERN EXPECTING A BREAK OF THIS WEDGE LOWER AND RETRACE TOWARDS @23400 ZONE TO CREATE A NEW HIGHER LOW ONCE NEW HIGHER LOW CREATED WE CAN LOOK FORWARD TO PLACE LONG ENTRIES ONCE ENTERED WE CAN EXPECTED PRICE TO RISE AND BREAK ABOVE OUR UPPER TRENDLINE ABOVE. ONCE ALL CONFLUENCES CONFIRMED TARGETING...

Dailypaperfx888

AUDUSD STRONG FINISH AT END OF TRADING WEEK BREAKING AND CLOSING BOTH ABOVE PREVIOUS DAILY AND MONTHLY RESISTANCES FOUND NEW HIGH WITHIN BULLISH CHANNEL EXPECTING HIGHER LOW AT MARKET OPEN PRICE RESPECTING BOTH SUPPORTIVE TREND LINE AND CHANNEL ZONE LOOKING FOR RETEST OF PREVIOUS SUPPORTS LOCATED ON MONTHLY FIRST IF BROKEN THEN DAILY SECONDARY IN CONFLUENCE WITH...

Dailypaperfx888

GBPJPY CONTINUES ITS BULLISH RUN AFTER STRONG END OF TRADING WEEK PRICE CONSOLIDATING WITHIN BULLISH CHANNEL FINDING NEW HIGHS WITHIN BREAKING DAILY RESISTANCE AFTER ANOTHER DAILY RESISTANCE BROKEN AND CLOSES ABOVE 1H RESISTANCE EXPECTING TO RETEST PREVIOUS DAILY RESISTANCE TO TURN INTO SUPPORT CONFLUENCE WITH 1H RESISTANCE AND MINOR 1H BULLISH TRENDLINE MORE...

Dailypaperfx888

DAILY TREND BEARISH HOLDING SHORT ON USDCAD CONTINUES CLOSE UNDER MONTHLY SUPPORT @1.3975 MINOR TRENDLINE ON 1H BROKEN AND CLOSED CONSOLIDATION UNDER MONTHLY SUPPORT OF 1.3795 RETEST OF PREVIOUS SUPPORT TURNED RESISTANCE CONFIRMED BY WICK REJECTION OF 1.3795 CONTINUATION TO PREVIOUS MONTHLY SUPPORT 1.38363 AND LOWER

Dailypaperfx888

DAILY TREND BEARISH. RALLY NEARING DAILY TRENDLINE HOLD BEARS RALLY TRENDLINE BROKEN AND CLOSE UNDER ON 4H TIMEFRAME. LOOKING FOR RETEST OF TRENDLINE AT 50% FIB RETRACE EXTENSION TO MULTIPLE TAKE PROFIT ZONES

Dailypaperfx888

GOLD BROKEN PREVIOUS HIGH TO FIND NEW HIGHER HIGHS. WILL RETEST PREVIOUS HIGH TO CREATE HIGHER LOW AND BOUNCE UP FOR BREAK OF NEW HIGH ON THE WAY TO 1735 AND FURTHER TO 1800

Dailypaperfx888

Bull rally to retest last months broken support. turning it into a resistance to expect the beginning of an economic recession