Never forget the big picture. XAU/USD is still in a strong uptrend. Until we see a break above 1932 it is still in a correction.
AUD/NZD has cleared a major area of resistance, we'll jump in on a retrace
Waiting here for a retest and confirmation for the continuation.
Waiting on a breakout to either below or above market structure. So we can get some proper meat out of this trade. Alerts have been set ⏰⏰
Market structure is slowly hitting our requirements for a short set up. It's on the watchlist 👀... If you like the Analysis feel free to drop a like and leave comment, we are grateful for all the love out there 🤍
We are also on the side lines with gold. A break and close above 1980 would give us room for a nice long trade. To go short we would end up hitting major resistance levels with not much meat in between. Until we close below 1845 area.
Looking at this potential set up for next week. A close below the trend line would indicate further downside for the pair. The multi year trend line usually acting like a magnet. This is depending on USD strength/weakness. With Trump hospitalized the dollar could gain strength as safe haven.
BITCOIN HASN'T BEEN LOOLKING THAT GREAT LATELY FALLING SHORT ON THE EXPLOSIVE MOVES WE ALL LOOK FORWARD TO. SO HERE'S MY ANALYSIS ON THE PAIR. MEASURING THE DISTANCE FROM TOP TO BOTTOM OF THE TRIANGLE FORMATION WILL GIVE US THE THE ABILITY TO DETERMINE BITCOINS NEXT MOVE, IN ORDER TO SEE THAT WE WOULD NEED A CLEAN EXPLOSIVE MOVE OUT OF THE FORMATION. HOWEVER WE...
NZD/JPY PRIMED TO GO SHORT. WAITING FOR CONFIRMATION ON A SMALLER TIMEFRAME.
THIS PAIR IS PRIMING UP TO GO SHORT IF WE CAN CLOSE BELOW AND RETEST.
WE'RE IN FAVOUR OF THIS PAIR HEADING LOWER. A CLEAN BREAK BELOW 1.1650 WILL SET US UP FOR A NICE OPPORTUNITY TO GO SHORT NEXT WEEK.
UNTIL WE SEE A MOVE IN EITHER WAY WE WILL BE ON THE SIDE LINES. FUNDAMENTALLY WE ARE BULLISH.
USD/CHF LOOKS PRIMED AND READY TO GO LONG. I'LL BE JUMPING IN WITH A NICE R/R
XAG/USD UNTILL WE SEE A CLEAN BREAK ABOVE THE 26 LEVEL I'LL BE STAYING OUT. THE RESULTS OF THE UPCOMING US ELECTION WILL DETERMINE SILVERS FATE. FUNDAMENTALLY MY BIAS IS LONG.
XAU/USD WEDGE FORMATION FORMATION, I DO SUPPORT AN UPSIDE BREAK, HOWEVER I'LL BE WAITING FOR A CLEAN BREAK OF THE 1980 LEVEL TO GO LONG.
I'LL BE TAKING THIS PAIR SHORT. SELL LIMIT PLACED JUST BELOW STRUCTURE.