the_alphafx

the_alphafx

Price has is bouncing between 1830 and 1845... as said in the latest youtube video. Very tight market where price is now officially moving sideways. Previous daily close (PDC) is taken out, it is likely that previous daily open (PDO) will be followed if we look at this weeks price behaviour.

the_alphafx

Intraday long setup on EURGBP with profit potential of 40-50 pip.

the_alphafx

Tamás H, : This is my outlook for gold this week. We are still in the consolidation zone so aything could happen, 1720 is a strong support an resitance level where we can look for long opportunities.

the_alphafx

Finally gold reached a strong resistance level and we have 4 confirmations for a sell.

the_alphafx

The price started to reject the trend line

the_alphafx

I expect reversal from the most recent SR level and Trednline

the_alphafx

Same idea, follow the market structure

the_alphafx

Following the market structure continue selling after a retracement

the_alphafx

Retracement is happening now after the bullish TL breakout. Once it reached around 1705 strong buy!

the_alphafx

Setup 1: BUY - The overall market direction is bullish on the Daily chart. Confirmation: Price broke the market structure on H4 by breaking the descending TL. A pullback is expected now to the Fibo 78.6 level and then continuation upwards by creating a new higher low. The overall market direction is bullish.

the_alphafx

Price reached a supply zone which is also a new HH in the market structure. therefore I expect a pullback to create a new HL.

the_alphafx

Price reached an ascending channel TL on H4 and formed a rising trend line within the channel. Large probability that the channel trend line holds strong. If the minor TL breaks there's an opportunity for a SELL. On H4 new HHs and HLs are formed which signals a new HL is next to complete the pattern for which again we need a sell.

the_alphafx

Long position on gold

the_alphafx

GBPJPY daily downward trend to around 141.100 support level which should bounce back eventually.

the_alphafx

GBPJPY reached an important level 144.000 and due to negative outlook for Japan (GDP, Corona virus) this will be a good entry point for a long position. BoJ signalled that they are not afraid to cut interest rates further even into negative territory. This will be neccessary as Japan is heavily dependent on exports hence a weak currency, monetary easing is the...