NikaJourney

NikaJourney Updated 

Gold looks like isn't perfect position to perform a swing bye beginning this week. We had a bullish engulfing bounce off a monthly level and then was retested on Friday to confirm to buy is a go for this week. I'm only trading it to a lower low that I found on the daily timeframe for now. And if it passes that monthly, of course I'm going to hold it for much...

NikaJourney Updated 

This pair did a nice swing buy for the entire week last time. But, according to the daily, we may be running out of a little steam just for a bit. I saw that we wicked out at the daily level, so we may be due for a pullback coming down to the monthly area around 3897.3. That will retest the last higher high and then create a continuation up if respected. If it...

NikaJourney Updated 

Gold broke a range it held a few days, but needs to fill a wedge to determine its true direction. If bullish, I'm going to ride her as far as the daily level area to 1910.90. If it breaks for the bear, I'm going to swing it all the way down to the monthly area around 1769.11. This is the time of year where gold prepares for a swing trade. So I'm anxious to see...

NikaJourney Updated 

This pair looks to be getting ready for a major breakout. The question is where? Consolidation is trapped between the weekly 078231 area and the daily 0.76424 area. It looks like it will continue down, but with it sitting on the daily, it can easily bounce back up and stay in the range until a breakout happens. I've marked the chart in case to trade the range to...

NikaJourney Updated 

Loving this setup also for the week. GBPAUD is consolidating underneath a weekly level and I'm waiting for the breakout to take this trade. On the higher timeframes, it looks like that it's going to come back down to the 1.75485 daily area before ticking back up. But if it doesn't we're in for a solid bull run that can last a couple of weeks minimum. Let's wait...

NikaJourney Updated 

GBPUSD has been moving is a large slant for a lengthy period of time according to the daily. And a slant with no pullback of any kind means that a drop is coming. The sideways movement we're seeing could be setting up for a major move to the downside, or a temporary climb further up before it comes crashing back down. Time will tell. Here are the TPs. BEAR TPs:...

NikaJourney Updated 

HELLO Inverted Head and Shoulders on the DAILY!! My levels have already trapped price and all I am doing is waiting for the breakout of consolidation between the 4hr 0.89184 zone and daily 0.88566 area. Gonna enjoy this move when it takes off, so be ready! BULL TPs: • 0.89965 • 0.90343 • 0.90874 • 0.91263 BEAR TPs: • 0.88215 • 0.87596 • 0.87082

NikaJourney Updated 

Have bearish engulfing on the 4hr that has to be retested. But I don't think the retest may last long. We may keep continuing up to test the weekly 1.94408 area, shoot back down as a rejection. With the large inverted head and shoulders below, we might pass up though to continue the rally. Otherwise, we may just keep dropping on down until we reach the daily...

NikaJourney Updated 

This is a really good key level trade setup. We are sitting on the strongest level on the chart: the monthly. Since there is a bearish engulfing that formed on the weekly. Pretty sure we're going to go up this week to retest it around the 1.52359 area to retest before continuing down. BULL TPS: • 1.50871 • 1.51494 • 1.51918 • 1.52278 BEAR TPS: •...

NikaJourney Updated 

It is the week of retesting bullish engulfing candles. There is a bullish engulfing retest that happened last week which could signal the return of the bulls. Another confirmation is the bullish engulfing that formed on the daily chart Friday, March 5th. Could see a retest of the engulfing before going up since a higher low is due on the 4hr. If the retest...

NikaJourney Updated 

Looks like the daily level at 142.267 area has been a strong area of resistance for a little while. But an inverted head and shoulders formed at the top of the trend to finish out last week. The question on my mind is which will win the big move for the week? The daily level's strong show of resistance? Or the candle pattern that's signaling a strong bull run...

NikaJourney Updated 

This looks like an incomplete inverted head, neck, and shoulder forming on the 4hr after the strong bullish move the later half of last week. We did pass a weekly level, so a pullback is likely, but may not hold for very long. If we breakthrough both the weekly 1.55481 and daily level 1.53147 areas, we'll continue on the downtrend seeking to reach a new low. Let's...

NikaJourney

Gold on the daily looks like it made a lower high and is getting ready to make another lower low. It also has the potential to make a higher low instead. The overall move is bearish. I wonder if gold will respect it or let the bulls take over? BEAR TPs: • 1857.71 • 1847.68 • 1819.96 • 1801.80 BULL TPs: • 1905.14 • 1931.16 • 1965.93

NikaJourney

We got a strong bearish harmonic on the daily and a 2week+ consolidation that happened with this pair. I'm looking for a strong short to occur beginning this week once we break out of the consolidation zone. I'll be sitting in this trade for a while once it begins the nosedive after that. Otherwise, price has the potential to make to the monthly level before it...

NikaJourney

Price looks like it's showing fatigue on the daily and is consolidating for a potentially nice drop this week. This will most likely move as a giant pullback before continuing up, but it'll be a few hundred pips before it continues. Otherwise, I have to see is it going to do a fakeout to the weekly or actually bust through it. We're about to find out. BEAR...

NikaJourney Updated 

UJ seems to be slowing down in momentum when looking from the higher timeframes. I wanna say we are going to remain bearish overall, but I want to see how this is gonna play out. As you can see from the trendlines, this could be just a giant flag for the bull. So let's find out what happens this week: BULL TPS: • 107.260 • 107.528 • 108.072 BEAR TPS: •...

NikaJourney Updated 

On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged. We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice...

NikaJourney Updated 

Gold hasn't been this high since the last recession. Had to put in new levels to pace the move. New zones will be created as the market continually moves up. I don't think it's gonna stop any time soon with the economy devastated by the Coronavirus. This is ongoing. So this is may give god the opportunity to keep rising over time. The most I'm looking for is...