as you can see on the gray box that is a strong resistance where price bounce down, as long as it does not close above the gray box then it will continue selling but as you can see it is on a uptrend so I do think it will reach 161.203 as long as it does not break 158.746 then it could go to the TP
Blue Line Predication- if it comes down to retest at $15.22 then it could just tap in for the 4th tap in order to push up for a retest at $15.65. The gray box is where it will tell me whether the market will bounce back up for a rest or continue going down for TP $14.75 Gold Line Predication- if it closes below the gray box or the blue line then it will continue...
THIS IS HOW I SEE XAUUSD could be retesting to 0% or 100% or to .62, .705, .79 FIB retracement (blue doted lines) SL will be determined by the entry. Areas starting at 0% 1975.179, doted lines, 100% 1984.237 are the entries I'm looking for a sell, Take Profit 1911.234 depends on the Russian war it could drop to 1875.100. as you see to your left side of the chart...
GJ Enter- 155.800 SL- 155.814 or 155.853 Depends on the market movement TP- 155.143
This could be a quick sell depnding how the market goes, if I see a big momentum towards bullish then could retest OB. if it does not close above golden .79 then could retest at the OB below
as you can see we can retest once more before going for a buy in order to get all that liquity
did not get into this trade because I thought it would retest .79 but it did hit T. waiting for UJ to retest again in order to go for sells
was not expecting for it to come grab this part of liquidity. if it doesn't close below .62 or .79 then it could continue going up or it could hit liquidity once more for a bigger push down
Since a lot of people say that Holidays are slow market days well this my Weekly review
I decided too do 2 different prediction just to see my knowledge of the market different
I think it will retest at .79 before dropping down for a bearish market. let me know what you guys think?
I saw that there was 2 IPA's so I decided to do a back to back trade if it works out
my Sl and Tp and entries is shown in the blue box for a quick scalp or intro trading you could say
NO CAP took me 10 minutes to analyze this so I could be wrong on this just for fun I will still enter this trade
This set up took me like 15-20 minutes I analyzed everything on the daily and even enter on the daily (blue line = entry) lets see if it plays out
It seems like it could tap into .79 IPA (gray box) in order to retest at the golden IPA to target the green box. Green box is an IPA on the 4H that did not get hit on JUN 2nd 2020 that could be retested I normally don't focus or predict other FX pair other than UJ or GJ this is the first time I'm doing a different pair, if I can get this prediction right then I...
As you can see on US30 its having a hard time breaking the daily IPA (blue box) but no hesitation it will close above it but it will retest on the 4H IPA ..62 or .79 in order to continue going for sells