This is my analysis of GBP/USD of what I would like to see...the EMA's already crossed and the MACD is broken into positive side of Zero line - i would like to see it come back to 1.3000 area +/- 5 pips and then turn and go for the LONG to around 1.3080+
Trade at own risk - i do not trade limit order so i set alert at 1.3003 to see if it activates and watch it...
LOOKING TO SHORT GOLD BASED OFF OF SMALLER TIMEFRAME BREAK AND RETEST OF THE TRIANGLE, A LOT OF WICKING HAPPENING
ENTRY MARKET EXECUTION
SL 50 PIPS 1500 AREA
TAKE PROFIT 160 -180 PIPS AROUND 1476-78 AREA
LOOKING FOR GOLD TO BREAK OUT BELOW THIS TRIANGLE FORMATION DUE TO BIG PUSH ALL WEEK AND NEEDING TO PULL BACK ON THE LARGER TIME FRAMES.
THE MACD IS ALSO BROKE FROM POSITIVE TO NEGATIVE AND THEN PULLED UP AND NOW STARTING TO CURL BACK DOWN AND THE 8 EMA IS BELOW THE 21 EMA STILL
ENTRY IS AROUND 1498
SL 30 PIPS AT 1501 WHICH IS PREVIOUS WICK HIGH AT THE...
I MISSED THE START OF THE 60 PIP DROP THAT'S GOING ON RIGHT NOW SO NOW THIS IS WHERE PATIENCE PAYS...AS YOU SEE THERE HAS BEEN A TRIPLE BOTTOM ALREADY IN WHICH GJ HASN'T BEEN THIS LOW SINCE NOVEMBER 9, 2016 SO YOU WOULD THINK ITS TIME TO TURN AND RUN UP
LONG LOOK: GBPJPY IS DEFINITELY BEARISH RIGHT NOW BUT THE PRICE HAS DROPPED HARD WITHIN LAST 6 HOURS IN WHICH...
LOOKING TO SELL BASED OFF 30 MINUTE TIMEFRAME MACD DIVERGENCE - ESPECIALLY WITH NY SESSION ABOUT TO OPEN GOLD USUALLY GOES OTHER WAY
ALSO WE HAVE A HEAD AND SHOULDER FORMING ON MACD WHICH I HAVE NOTICED IN PAST WHEN IT HAPPENS THEN IT REALLY GOES THE WAY YOU WANT. YOU CAN RIDE IT UNTIL MACD BARS START TO TURN OTHER WAY
ENTRY AROUND 1494-1495
I'm looking for a pullback since there was a big impulse move to the upside, my white (8) ema is positioned well above the green (21) ema and macd is well into positive territory.
looking for pullback to the 21 ema and possible a little lower to the top of the previous resistance zone to test as support floor. if this test positive and see rejection then the...