Possible retrace here on the 4H
Edit: Don’t take this if we immediately close above the dotted line after the opening bell. This should go without saying but...that would probably invalidate the setup.
Click play on previous analysis.
Gann Square shockingly accurate with major reversals on the weekly.
I’m really interested to see the reaction to this area, shown by pink arrow. Notice the last time we touched this fractal on the Gann Square.
Obviously, as a swing trader, when I make these charts it’s more for situational awareness than anything. Plus, I find...
Our 1H chart target ($1765) was hit EXACTLY. See linked charts below. Could be time for a XAU retrace on the 15M/1H. Short below TD9 support/former resistance (green dots).
This is a play for intermediate traders. Not sure if I will take it or not, but I will watch.
Good luck this week =)
Hello Traders. Decision time for gold. You have seen from me several analysis on low timeframes, we have had decent success trading gold recently! Here’s an update to my long term view. We bounced within fib extensions nicely in our previous analysis (see below, click play) and hit our first target. Now gold show strength again. This daily candle is important. If...
Moving averages awfully tight now. 50 (teal) has proved strong resistance before.
But, we do have some support. That said, the more support there is to break..the more it can fall :)
We will have to wait for an answer but, keep eyes on close
Hello Traders - you may have caught our scalp on SPX the other day, shown below. Once again, a TD9 signal on the four hour appears at a critical juncture for SPX, and there seems to be potential for a bounce here.
In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback.
Hello Traders! Here’s an idea for the British Pound. Obviously, we can’t predict so much all at once, this is just one way I can see GBP playing out. Nice reactions from the fibs, could we see a head and shoulders pattern giving a 79% retrace touch? It wouldn’t surprise me.
A pure technical setup, something nice to watch this next week coming up. Tonight and...
Hello traders ~
Bitcoin has shown strength again, impressing me with a strong bounce and a higher low. Overall, I have a very positive outlook on how Bitcoin has reacted to the uncertainty in global markets.
Overhead, we have strong descending resistance. We are testing some of that now. The green box would be a large breakout, violent and impulsive like we have...
Hello friends, please observe our previous analysis on AUDJPY was spot on resulting in 2 perfect targets both hit. Now, we face a crossroads in AUDJPY at the current Fibonacci channel resistance level. These are the same channels utilized in the original analysis;
In our previous XAU analysis, we took a look at the daily where targets such as $1800 seem nearly inevitable given market conditions. That analysis is still valid, and is linked below.
Here, we have a bearish harmonic pattern developing that I have seen very good accuracy from in the past. Something to be aware of.
Targets for a short are the legs of the...