That's a pretty much straight forward pair, always. After getting energy around that range of the beginning of the cycle, full of orders, GOLD gave multiples tries to the upside and managed to hit the 1400 level. Wow.
Now, after reaching it and a powerful Bull takeover, we MAY face some downward movement, specially after 3 daily highs not being able...
Rejections are here. Bullish they are. Formed the Low of the Year (aka low of the month) we have. Now, after a nice daily candle close and a bullish indecision on Weekly, we might be prepared to exhaust a little bit of all this downward movement and finally head north.
For a Swing Trade, I'd look for a SL around the LY and a minimum take profit area...
I've been telling to most of you that the dollar might crash in the next months. The factors, confluences and data are there. Huge volatility, discrepancies, smart money and contracts are in play. Although we don't know the right time this "crash" is going to take place, it seems that the DXY is helpíng us to push UJ down. As it's been sustained by the...
Look, it seemed that we went out of that bearish shot. But the fact is: we didn't, not yet. Price just made a recent new low on the recent price action. So, I'm looking for it to make a new LOWER HIGH so I can jump in sells. Of course, if PRICE ACTION DOESN'T SHOW US REJECTIONS, WE WON'T SHORT IT.
We have bullish structure on Daily, despite that triple top;
Price is rejecting that strong zone as we have a daily bullish candle there;
We've just retested that beautiful liquidity zone;
So, I'm looking for entries on the LTFs. IF. PRICE. ACTION. SHOWS. IT.
GBPJPY is being reject from the 142 - 143ish level. If you look back on weekly, it's where price played a lot before forming this year's low. Right now, it looks that price won't stay in that area for too long, so I'm looking for that break on daily. Also, in the fundamentalist scenario, we don't see GBP`falling even more (of course it might happen, but...). So...
Here's the thing:
GOLD Weekly is going up for a few weeks now.
Monthly rejected a support, creating momentum.
Daily just tapped out of that consolidation area, to the upside.
Although I'd say we need a higher low, it seems that the consolidation is acting as such.
On the 1 hour that I've marked, you can see the nice bullish market structure price has made....
In a overall trend, we have BEARISH momentum. Although we had this strong pullback in those last weeks, I'm paying to see the time that GOLD is going to drop.
If the above statement happens and before it does, I wanna see Price Action showing it. Do not just jump in trades. Try to analyze the most likely outcome based on your confluences and probabilities. Have a...
No words needed here...
4 hour has been rejecting it for 4 candles already;
We are sitting in a small daily demand zone (still a demand zone);
Intraday 1 hour starting to show PA for a retracement;
We couldn't take yesterday's low so far;
Yes, Overall trend is BEARISH, but we are trading a retracement, counter-trend or whatever you liek to call it.
Easy pick here:
- Aussie has a clear downtrend as shown in its PRICE ACTION (just look at the highs (blue circles) and the lows (red circles);
- Right now, we could be making a new LOWER HIGH;
- But, for the previous statement become true, we need to wait for price to show us some reaction on that zone. How ? Well, if we wanna go further up, we have a monday's...
GBPJPY is presenting a very complicated situation so far:
-BREXIT non-solving talks;
-Weeks of accumulated consolidation;
-Setting the bottom, but on a demand zone.
So, considering that we have a major support (which coincides to be a nice demand zone) and a beautiful consolidated liquidity range, price might have started to anchor itself there and is setting to...
Following up the previous trade, which didn't show confirmation for buys:
- Now, the sooner we test monday's high, the better we'll enter the trade. Although I'm already in with a reduced lot size, let's see what it makes to us.
We all know that we might face another dollar crash in the upcoming weeks/months. Despite the sell off we had past week, I don't believe it's coming today.
So, considering Price Action and that we are sitting above a 112ish good support, let's see if we can reverse that monthly candle, considering daily and weekly.
Buys scalp to swing with a very tight stop...
Straight forward trade here fellas:
- Major resistance
- weekly exhausted
- price needs liquidity
- a beautiful stop hunt push this monday
I'm already in the trade, bagging some scalping-pips. HOWEVER, IF PRICE SHOWS STRUCTURE, I'm going to hold it for a swing. Otherwise, we close it.