Bullish momentum pusing price higher and higher. Price formed a support on a break and retest Fibonacci gold zone. 618% take profit lines up perfectly with structural resistance. SMA cross showing bullish momentum. 1:6 RR.
Price is rejecting key supply area. Nice head and shoulders setup. We have bearish structure indicating sellers market. SMA rejection looking for price to complete the head and shoulders. Multiple confluences with a 3:1 RR.
Higher timeframe shows bullish momentum, looking for a possible wick fill of the previous candle. Price is trading above SMA's and we are coming out of a side channel and into an up channel. Looking for price to create support in order to continue moving up. NY Session volume should push price to 1.8890 and 1.19000 levels.
Classic break and retest. The weekly candle is bullish indicating a strong buyers market. Bullish trend line confluence with candlestick confirmation pattern within the Fibonacci golden zone. Price broke and closed above SMA's. Looking for price to reach 139.750
Waiting for 30m candle to close bearish to confirm continuation to the downside. Bearish weekly candle indicating bear market, ( only looking for sells). Fibonacci scale confluence with structure. Down channel.
After reaching yearly highs, GU met resistance at 1.31500 which formed a double top formation on the higher timeframes. With the DXY showing a bullish market after yearly lows last week, Sellers are beginning to take control of the market. I am looking to swing this pair down to previous resistance at 1.27550. I am also using the confluence with Fibonacci zones to...
The beginning of July hasn't been a good one for the dollar as Covid-19 cases spiked around the US causing the dollar to weaken. Approaching 1.26600 prices has met resistance and has been stuck in a range for about a week. We see price making lower highs and lower lows and as Covid-19 fears begin to wane and the DXY showing bullish potential, I am looking for this...
Price making LHs and LLs, rejection of previous support. Looking for price to retrace to 50.00%, 61.8% Fibonacci gold zone, and continuation through 1.25400 area. Moving averages showing us bearish momentum.
Price is making lower lows, Fibonacci, and structural confluence for sells. We also have price rejecting the 50 moving average and a moving average bearish crossover. Stochastic is showing us overbought levels. For further confirmation, we have a head and shoulders pattern being made.
GU showed powerful signs of reversal at 1.22560 area. Double Bottom with higher low (78.55% success rate) followed by a huge bullish move confirmed a trend reversal. Then, waiting for An ABC higher high and higher low to further confirm a start of an uptrend. Now looking for buys on a break and retest with fibonnaci confluence and EMA confluence as well. Top down...
Previously looking for buys at 1.23500 support but decided to wait for price to form support above 1.24055. Price may just be moving funny or wee still may have a weak pound looking bearish. I've also spotted Hidden Bearish divergence on the 1hr timeframe so we may see a nice push back to the downside.
Studying BTCUSD charts and demo trading over the weekend. Nice flag/countertrend pattern with Fibonacci and market structure confluence and moving average cross. Looking to see Bitcoin hit 9309 price levels. Top down analysis with 3-4 confluence/confirmations.
Nice Setup before gold spiked. Looking for gold to reach the previous 1737.660 level. Been studying gold for a bit so I am starting to get the hang of how it moves. Moving average cross with 38.2 Fibonacci retracements in confluence with previous market structure. 3-4 Confluence/Confirmations when looking for decent setups!
I don't normally use trendlines as much but I noticed nice price action on a broken trendline with a retest. We also have a moving average cross over and Fibonacci confluence. Potential downward movement. I always look for at least 3-4 confluences/confirmations before entering a trade.
After price hit resistance at 17.75, our candlestick printed a nice strong bearish candle that confirmed a reversal. Price continuously broke and retested support. We then rode this downtrend all the way to key support at 17.50 with a beautiful Fibonacci set up at the end of the trading day.