Looking at gold we can see a possible pullback into the marked zones after the breakout of the uptrend as seen. Watch closely early on in the week to see how it all unfolds.
If we create a pullback we could see a Head and Shoulders formation which could indicate a possible trade.
Looking at US30 we can see a clear uptrend as we have been for some time now. We have recently made new highs once again and we are looking to make a pullback before possibly moving upwards. Personally I will wait to see price action around the marked zones and will place a trade if one presents. IF we break to the downside we could see a nice drop before pulling...
We wait for GBPJPY to hopefully make a double top on the trend line broken, here we could enter shorts as we have just broken out of the trend. However we are still in an area of consolidation. So be weary
Looking at cadjpy is interesting to see, we look to be going long on the 4hr chart possibly with this 4hr doji formed on market close. However, do be careful are there is an area of interest to me before continuing to go long, look further into the chart we can see another trend line looking as if we line to our moving average of 200. I will personally be waiting...
Looking at US30 we can see a clear uptrend, We saw a pullback on the 4 hour chart to the previously broken area. We have rejected this area and created a bullish engulfing candle. Took a late entry long @ 27624 at a retest of the consolidation zone on the lower time frame. Looking to hold this position up to the previous high, Depending on price action will...
Looking at the chart you can see two opportunities that could play out in the coming week.
If we close above the trendline on the weekly tf i expect us to come back higher. However if we continue to close below this trendline we may continue lower.
Use this to add to your confluence
Awaiting the 1 hr close on this pair. If we close above resistance i will go long.
However as it stands price looks to be forming a spinning top on the resistance zone. Currently eyeying up a short.
