This could take both directions, see how for sellers, its an interesting break of structure and for buyers its generally an interesting floor that failed to go more bullish after the last reversal. But because of the planetary conjunction coming up, soon, 14th June, 6.30 pm GMT+2, it can reach a lower low and continue the prior trend until the vertical line, as...
As you can see on all time Gold, the pattern repeats in all timeframes. There is the exact same pattern for the weekly as for the daily and so on. The latest double peak repetition (in violet) looks like a repeating failing trend.. You know like the ones that alarm us to exit an investment early. Its possible Gold will not arrive at this high for a long while if...
If my levels are right, this should shoot up or down real fast while passing into a new trend level. Passing down to the old one would mean a new honoring resistance. I will be watching this one and try to get an entry for after US-News. Because Mars in in Sixtile with Moon (red vertical line) I expect irritability / more SL hunting throughout the day.
I like this theory because we have clear trend circles. I studied the last few months, and trend is usually resisting the blue level, likes to be around 0.618 and keeps coming back to 0.5. Even though its not the easiest part to find the current trend. And its also not part of my strategy, rather than a pretty add on for an already trending market. What do you...
Reason 1 for bullish is, course picked up volume and reverses at daily floor. Secondly RSI in H4 is showing convergence, it could drop further along the floor and then take a turn around. Reasons to continue are first of all the liquidity gap below our range: As Gold had reached an all time high few weeks ago, it could look towards consolidating in a lower daily...
I will try to get en entry at around 38.762 when it comes back down. I am expecting a smaller pullback until the pre opening of NY.
In light of the recent Mercury retrograde cycle, we have observed significant market movements that align with key zones, suggesting potential reversal points. Let me clarify: while I acknowledge the historical correlations between planetary movements and events, I do not base my trading decisions on astrology, nor do I consider myself an astrologer. This...
When you look at the daily range on DJ30 you can see that those zones ( horizontal blue) do not offer clean entries, because they are being honored. But we get a clear direction and momentum and even though there is no clear RSI value, instead we have much volatility and a diagonal trendline being supported various times. The less distant it bounces from the...
After breaking yesterdays hourly range, DJ30 is continuing bullish today and looking for a new hourly top. We have a stronger pullback in M15, reversals in M1 and M5 that have not indicated continuing yet. I do not expect much indecisiveness of DJ30 today even though, the new hourly floor is a dominant zone.
This has already built an hourly top at a strong H4 level. Gold could be breaking above with that dynamic, we also have order volume below, which we do not know if gold is still interested in. At least the last order block should be reached by tonight or beginning of next week, even if gold wants to break further above. It could also be reversing until CAD and...
The move was too fast, and I was busy with gold, i might just leave gold for next week, its a little annoying ... :) Use RSI for entries.
As i thought yesterday it would break the hourly top, but the current downtrend is taking too long for a retest, unless its a retest of some higher timeframe like daily or weekly which i do not know. So i m waiting for clear signs of reversal in M15/30 to pick up at the pink zone. If reversal is at a higher price, but you see clear pattern and higher high higher...
Why is it Important to Have a Clear Trading Schedule? Avoid Costly Mistakes: When you're tired, you're more likely to make errors that could cost you money. Market Expectations: Market behavior can vary greatly depending on the time of day and market hours, so it's essential to plan accordingly. Market Hunts: Certain times of the day are prone to market hunts,...
If DJ goes bullish and breaks the Key Level above, we are expecting a bigger bullish move throughout the evening.
Bullish momentum is strong, News striked our first Entries but we can enter as soon as H1 breaks the zone and comes back within the first 10 or 15 min. Do not take reentries. Wait for candle close in H1. 300pip SL and for Exit 1 hit before setting BE.
News was slightly negative on USD but it pushed DJ up. Is the (tech-) industry currently connected to Eastern companies like TikTok aso. ? Correlation between Gold and DXY is currently out of order, like the last time in 2008 or 2020. Lets see where it wants to go in the next hour and decide then. Todays News are positive on DXY.
Be careful with CAD News in 1 hour. I m waiting for BOS in M30. M15 is gone for the first idea. Lets see how far this goes.. RSI H1 and H4 looking good.
Chances are this is going to reach higher, we are still in the pullback of a swing low, so careful, this could become a swing high. Also News in few minutes could reverse the course. So i want to wait until it calms down. You can take the bullish move with higher risk (150/300 pip SL) This is not my trade i rather stay patient. Keep an eye on RSI, as it shows...