Gold has been maintaining resistance around 2040 for the last two days. On HTF such as H4 we can clearly see how price pushed up and created a new ATH before begin this massive retrace we are currently on. On the H1 the possibility of a head and shoulders pattern is increasing indicating that we could see price break our previous support level around 2010....
My idea for USDJPY. 3 major areas to keep our eyes on are color coded in black. Price has broken above our major resistance level 123.624 and is currently in a range. If price manage to breakout of this range we can expect bulls to take price all the way to our next major resistance of 125.000 area. However bears manage to pull price back down below 123.624 we...
This is my analysis of USDJPY for this upcoming week. On the higher time frames we can see clearly USDJPY has entered a major overbought area (119-120). Last week price broke through our resistance level around 119.000 and is now using 119.000 as support. The blue zones on the chart represent 4HR BOS's and the red represent 1HR BOS's. The orange is the overall...
As stated yesterday price has respected the 61.8. fib level and continued upward. Looking for price to come up to the 4HR resistance area, consolidate and then break through. Overall target is next major resistance level .9325
Bullish idea or GBPAUD. Price found resistance at .9200 level after breaking through our support at .8980 Currently price has shown strong bearish momentum, and is sitting around the 61.8 fib retracement level. If price respects the 61.8 and shows buying pressure we can begin looking for long positions. However if price does not respect our 61.8 level we can...
Price is near the 78.6 daily retracement level with a clear falling wedge pattern prior. This trade will go down in history;)
Here is my analysis for AUDUSD. Slight resistance around .775500. 4HR FIB retracement suggest price will retrace to .236 ext (77196) or .382 ext (76940) before making the final push to the resistance zone .78000 After .78000 we can looks for more shorts.
First time publishing. Looks like so far I may be on the right track.