This pair has been Trending Down. It Broke structure Here at the purple linen, came back to test it. Strong sign that is will start to push down further. We should see it hit this supply again and move down in the next month or so.
This pair came down nicely into the demand area and now is showing exhaustion. I see the buyers taking control again and pushing again into the Supply. Watching for another entry when AU breaks the H4 trendline.
Yellow Ellipse- Signify Downtrend Structure
Red Ellipse- Signify The Structure break
Green Ellipse- Signify the new trend stucture
LH- Lower High
LL- Lower Low
HH- Higher High
HL- Higher Low
Light Red Box- Monthly Market Demand
Light Blue Box- Monthly Market Supply
To start this market is in a very good position to Buy the market. It has just broken monthly...
This market is in a weekly uptrend however i'm Still taking some H1 counter trend trades. The market came right back into a 61.8 Fib retracement And has respected resistance. After the move i will be trailing my stop will take partial profit @ 1.34841. Happy Trading
this trade was taken off of the daily TF. Market came back into weekly Supply and pushed back down. Created a lower high shown with the yellow eclipse. This LH pushed hard off resistance creating a bullish engulfing pattern. This is where i waited for the market to retest @ 113.077 With stops above previous high and Take profi at the next daily demand zone @ 110.482
I see this market making its way back up has been making higher highs on the daily and h4 TF. I will contiue to follow in this upward trend unless the weekly produces another Demand zone and then breaks it.
Gold has been respecting this weekly overall downtrend. This entry is based off of the H4 TF inside of the daily supply area and also has confluence with the 61.8 Fib From the previous move lower. I think this will be easy pips. See the market press back down into the Weekly demand. Lets see how this plays out.
This is a counter trend Trade on the weekly Chart. Have buy Limits set in the weekly demand area @ 1.29369 This market based off my analysis still has alot of bullish movement left. Its Still respecting Weekly structure so I will keep trading it higher until a break.