Major Trend still Bullish
Medium Trend - Bearish - Break the line
Intraday - Bullish - base on morning star.
today it is possible that the price will move up first, My target at Fibo 50% on 114.90 then it will look for the bottom point.
Today, i will buy at 114.28 , with stop at 114.00, near target 114.80
Sell area 114.80-90
Cutloss at 115.37
AUDUSD - Bearish
Evening star pattern seen, So i think, today is still continue the bearish correction. My Target at Strong support 0.7170. Sell area can placing at fibo 38.2 in price 0.7243. Cutloss above 0.7300
HNS still working, Re - entry area at Fib 38.2 ( 1.2589 ). With Hammer pattern in D1, i think is resting phase and potention to rebound. I will Buying at 1.2485 for a momment, and SELL to follow Major at 1.2580 - 90.
#GBPUSD. Reverse / Resting candl seen at D1 - Gravestone, its time to exit if you have Long Position.
According to H1 Chart, double top seen and i think do short sell have potention.
SELL area 1.3721 Cutloss at Yesterday High and Projection to 1.3680.
Double Top say Bearish, Today move around the neck, i looking found sell area near here. Boosting with MA formation to become resist.
SELL LIMIT 1800.50
Stop Loss 1809
Target 1 - Back to Low 1788
Bearish Wave A to B
C is Rebound - Now going to D ( Ext).
Gold Strong Reject at 1830 and pull back below 38.2. last 5 Days, Seller is dominant. So, i think XAU have chance continue the Bear trend. Far target to 1706.
reading the trend, DXY Major trend still Bullish. But over 2 week, DXY not going anywhere stuck at the rectangle. So, minor trend on sideways track.
Key strong support at 95.58, maybe broke today ( base on Daily candle showing big bearish pressure plus DMA formation. )
if broke, DXY will in correction and go to 95.10 ( trendline area ) and DMA 100
Bullish to 1845 -50
Resist : 1830 - 1845
Support 1815 - 1800
Buy area at 1815-16
SL at 1799
Target 1830 - 1844.
Big reject potential at 1830, base on very strong resist. Sell when seller seen. ( Red candle at this area. )
Happy New Year 2022
Happy Trading Better and Better.
2021 shows a very pessimistic market, the annual major price trend is indeed bullish, and 2021 is the correction. For this year growth YTD around -4.4% .
With a small body, the lower shadow more longer, the pattern looks Spinning Long Legs lower shadow.
it means the market is quiet and has no direction, but buyers are more dominant even though they closed...
Dollar on this year, looks to be closed positive. If close in this area, YTD growth is around 6.7% and the short upper shadow making Bullish Marubozu. According to our law of action and reaction,
next year the Dollar will still look bullish.
Distribution happening in Dollar, but seller likely dominate the market yesterday. now the price around on key support 95.88. If break, most likely want to starting the corrective phase. Double top seen to.
so, be aware.