jorhl

jorhl

Price is currently sitting on top of broken weekly resistance, so a bounce back up can be expected. So the Idea is simple. If I see price trading back above the broken support level 121.973, then I would look to enter a long position to catch a retracement back up towards the daily resistance area of 124.10. If price fails to do that and continues the ride lower,...

jorhl

I sense something coming here. Price potentially will consume the stops places above the weekly highs and I expect the momentum to kick in there and then. If the 78,6 fib retracement level would have been enough, momentum would have kicked in already. However, I see a pattern here, If something is too easy, it probably means it has been priced in already....

jorhl Updated 

Expecting Gold to retest 1940 due to lower low being confirmed on 17th September. Price broke the support at 1940, took out the previous 1h low level of 1937 and went back up from there. Short entry should be around the liquidity area of 1965-1970, stoploss just a few pips above the 15th september high at 1973. Short target as mentioned is the support level of...

jorhl

Retest of broken daily support. Order block has been filled and price may continue down. Market Structure.

jorhl Updated 

I got nothing else to say

jorhl

Waititng for that pullback during London session to hit the 135.00-135.50 area. Going to observe PA on the 1H chart and hope to have some kind of rejection by New York open to confirm the bias. Should price reject the area by the end of London session, I expect the volatility to kick in during upcoming asian session and tomorrows London session.

jorhl Updated 

Up and Down. Take the trade in the direction of the trend. Patience is key and stay consistent. I will wait for the trade to come to me!

jorhl

Waiting for the 78,6% fib retracement level to get tapped. Expecting 1.1300 to offer a strong resistance and further decline on Euro. Possibly a quick move during the NY open.

jorhl

Expect a spike in the beginning of asian session. I would like to see a retest of the 1.7464 region where the previous Asian session highs could not close above.

jorhl

78,6 fib rejected. Expect a spike into 1730 before heading lower. 1:4RR. #358pip to gain.

jorhl

pair been bearish this week. Expecting new lows today. 1.7820 optimal target for this week. Broke the 1.8000 support, retest confirmed and a new lower low and lower high formed. Assisted with fib levels this short trade looks to be simple yet great in risk to reward ratio.

jorhl

Potential for 200-300 pip short here. Long term price could hit 1.1500 within this year. Pound weakness expected to kickin shortly and 1.1900 initial target for medium term short.

jorhl

Expecting pound weakness going forward.

jorhl Updated 

Looking to short this pair from the 78,6 retracement level as before. First entry sl was hit, now looking to reenter as fib 78,6 levels align perfectly.

jorhl

Expect a pullback before continuation. 1720, the ideal entry level as well as ideal point to retrace to before proceeding higher.

jorhl

Waiting for the breakout of 116.00 to take the short trade from 116.50. Price has been pushing against 116.00 resistance with continuous higher lows. This indicates a potential break of 116.00 resistance and gives a better entry for short trade from 116.50. I am certain in the short trade due to constant lower high lower low levels. Trend is clearly down and I...

jorhl Updated 

Buy support sell resistance. The Trump news coming in quite strong, spoke of potential new tariffs. I expect gold to react appropriately. Stops nicely below the previous low. Targeting the 1735 region and cannot outline new multi year highs and the push to 1800s.

jorhl Updated 

Neckline is broken, structure shift. Now waiting for the retest of that broken support to execute short trades.