We have got a weekly fakey( not too strong because we did not close bearish) here at monthly resistance level in combination with weekly fibo 50. On a daily chart we can see a bearish divergence and train tracks confirmed by a high volume.
I am expecting price to drop to around 1360 where is my spot for going long.
Happy Trading Everyone!
Nice daily uptrend here on EURUSD. We are in my buy zone where we can see a fibo cluster 886+618 and also a daily support. We just need a bullish signal here to hit a buy button. That's all you need. Simplicity is the key.
There is a possible INV H&S pattern on a daily chart . 1.26 ish would be my entry. As I mentioned in my dollar index post I am expecting dollar to collapse in the coming months so all pairs with USD should skyrocket!
This is one of the most important markets to watch yet nobody really cares. Anyway I am expecting here HUGE head & shoulders pattern. Monthly OB at 618 gold fibo just has been printed and it could be the beginning of right shoulder.
As I mentioned last week 12000 is going to be tough to break out because we have these fibo clusters there + strong weekly support.
We have got a HUGE weekly bearish Pin with enormous volume and we have inside bars on a daily chart. That looks scary and it could cause some bigger pull-down.
My first buy zone is at 10 000 ish where we also have...
Gold has been in a rally for last 5 weeks and finally those highs from 2013 have been taken. We are sitting at monthly resistance where we can also find weekly fibo 50 level.
On a weekly chart we can see a pin bar supported by high volume. Although the pinbar has a long week to the upside it has not closed bearish.
What goes up must come down so...
As I mentioned in my previous post this level that we are now is very significant. There is plenty of confluences - fibo clusters + weekly resistance + RSI bearish divergence. Although we have got some overshot yesterday now it looks like a possible bearish OB is just about to be printed - still few hours left to close the bar. Moreover look at the...
10k has been taken in a nice fashion:) Now back to 10K would be another opportunity to take it long. I am curious about 12K level as there is a gold fibo + weekly resistance nearby.
Are you long or short?
Nice weekly OB here just has been printed. I hope you are in this move. As I mentioned last week I am bullish here. If we get any pullback I am going to scale in!
I consider this trade as a long hold.
What are your thoughts?
We have got some spectacular moves on gold recently. Gold is getting close to monthly resistance level at around 1421$. If we break higher - retest and long entry would apply. If we get a correction our buy zone is at 1360 ish.
Looking at VSA (volume spread analysis) last candle looks pretty weak as its wick is to the upside, spread is narrowing...
Our poor cable is now in a hot spot. Weekly angled support, weekly support and 786 fibo + possible daily bullish divergence is being printed.
Our bias is bullish.
Are you going to go long or short?
Bitcoin is in a rising channel, Bearish divergence is kicking in but BTC does not care really :) Now we are approaching a huge psychological number 10k which is also 50 fibo level and daily channel roof. This is going to be a very significant level. I am very curious to see what price action is about to be printed in that area.
Are you bullish or bearish?
Oil is in a buying zone. We are sat at weekly support, weekly gold fibo, there is a daily bullish divergence and a weekly bullish pin bar. Our bias is bullish.
Watch 60 dollar level for a possible short entry as there are a lot of confluences to sell it!
What are your thoughts on oil?
Enjoy the ride!
We were pretty busy recently working on our new YouTube channel, so apologies for not being active for a while.
Gold produced a lovely textbook bearish pinbar confirmed by a high volume. It is also a sell zone with a huge psychological number 1350 + monthly resistance +weekly angled resistance+ daily bearish divergence. Therefore is it our hot...
Simply said we have got Double Top here and a bull trap has been set as we mentioned last week.
For shorts retest to 8300 if we see nice bearish price action confirmed by the volume - hit the sell button.
For longs 6000 is our hot spot. It is a psychological number + monthly support level + weekly 50 fibo.
Let's see how they play this out.