As gold made a LLLC (lower low, lower close)
we should expect a retracement occurring next week
however it is not certain as FOMC and major events are also aligned on next week and also on May.
So that's something you should be aware of in terms of the fundamentals.
However, on the technical side,
I'm suggesting that a retracement is occuring due to the...
Moving onto BitCoin, there's a potential reversal if it fails to close below previous lows.
followed by a double bottom,
and we will buy at the next bar market,
stops need to go below previous lows
and targets will need to go at least until previous structure which is around 222$
If you're not a fan of counter-trend trade,
you could wait for a confirmation of...
As the overall trend is bearish, there is still a chance for a countertrend trade
stops need to go below previous lows
and if your not a fan of countertrend trade,
you could wait for a LLLC (lower low, lower close) confirmation,
and wait for the retracement upwards,
and sell to hop on the trend.
Range bars and potential buy / sell opportunities coming up soon.
but personally i would wait for a retracement up back into 1.064x region for a sell.
or if it dives lower i would purchase at 1.052x region
stops goes above the channel lines +20 / 30 pips (to prevent stop hunters or long wicks)
We'll see how it plays over next week
Kanchelski
This pair is currently in middle of nowhere.
However, since 10th of March's highs, we have not seen any new structure highs.
It might be a sign for a bear takeover.
Thus watch out for any reversal signals occurring on the yellow checkered box
might be a signal for the potential retest of supports at 118.3x area.
As the pair narrows, it's possibly to see a break (preferably downside)
if this pair does advances towards the upside, it would also signal a potential triple top test.
that would also be your selling opportunity.
as NFP's approaching next week. we'll see how this pair plays coming into early April.
