First XAU short went as planned, pulled back to 50% retracement level in confluence with h4 support. Minor bullish exhaustion at this level, now currently breaking upward out of symmetrical triangle that was formed during this brief consolidation. Looking for another short opportunity on the re-test of these last high levels. First opportunity would be at the...
Overall XAUUSD is looking very bullish. Strong Bullish trend on the ADX. Currently testing some 2013 highs which acted as a significant area of support/resistance at that time. XAU has reached its 127% projection leading into this strong resistance area as well as the top off the H4 price channel. RSI kissing overbought territory and flattening out. Looking for...
Bitcoin trading inside descending triangle formation, coming out of area of weekly exhaustion! From fib low to high inside the triangle we can see confluence with H4 time frame S&R levels and major Fib retracement levels. The 50% retracement level inside the formation is likely the best area for a nice #short entry, that is if BTC can continue to fight to stay...