GBPAUD has seen some recent bullish momentum up into a key resistance at 1.88 , with that being said, it looks as though we have a potential andrews pitchfork that has formed, this will be confirmed if we full reject this trendline and reverse. if this is the case, our first target should be 1.8650 followed by 1.85 for a TP2. Any 4H or D candle close above...
In the chart here, LTC has been making pushes to the upside. We have had 2 solid drives and they are usually in groups of 3. So we will be looking for our 3rd drive to the upside. as well we still haven't reached our zone between 0.618 and 0.786 FIB areas, so our target will be in-between these 2 fib regions, i'm more so favouring 0.786 at $70 LTCUSD or...
NU has been in a big bearish trend. currently on the 1H we have come up to make our current lower high which lines up right with the 0.786 fib. SL has been set tight at 0.6375 with our target being 0.6300 - 0.6310. We could even see a dip below the countertrend line below, where we would have to re-adjust our trendline. If DXY continues higher, this will be a...
Here on the 4H time frame, we can see we have had big sell pressure and momentum bring ripple back down lower. We have had a second to breathe with consolidation and have created a very weak looking counter trend-line, which at the time of writing, looks to be breaking out to the downside. Next targeted area is $0.25 to possibly lower into $0.24 as these are key...
I wasn't able to publish this in time for a good entry, but i was able to get my analysis and entry posted out on my youtube channel at the $9000 mark. After having volatility swinging both ways, we have mad a lower low and a solid lower high with a nice wick rejection. Next area that we have our eyes on is $8200. From current price, we are looking at a $650 move...
EN has previously broken market structure with the bullish trend and has been in the process of switching trends. On the 4H we have already had our downtrend initiated, currently at the end phase and peak of the consolidation before continuing down lower. Any 4H or daily close above 1.7445 would invalidate this and have a deeper pullback into higher regions. It...
Here on GA we have had a big gap to the upside on market open. Usually the gap will close right away, but occasionally you will have the market immediately swing in the opposite direction for 1-2 4H candles, and then fill the gap and continue that momentum. With this theory, we would be seeing GA topping out at this region and preparing to roll over to the...
EURAUD is currently facing the down trend line with resistance after hitting a key level of 1.6000 and pulling up quickly, it seems as though we will have some consolidation entering this area, I don't believe we will be seeing a clear break or bounce immediately, especially given the fact that its close to end of day Friday. Advice would be to wait this one out...
Audusd hitting the 61.8 fib precisely, as well as hitting the 4H/D trendline. USD is starting to gain strength so this would be a perfect flipping point, as well as the fact that we arent too far from our subkey level. Next targets would be 0.6700 and afterwards, 0.6525 Please let me know your thoughts or similar ideas
GA has come out to the trendline for a 3rd touch, we have seem a little pressure breaking through but the price action looks more like a fakeout than anything else. This region has also been an important are of value and support for previous price. Those 2, as well as the fact that price action seems to be dying out and losing steam, indicates to me that we can...
Here on the Weekly timeframe, you cane see this big descending trend-line, as we have continued to make lower lows and lower highs, we are in the process of establishing our new Lower high. As it stands, it doesn't look right for price action to stop it here and reverse, and of course with the GBP news always coming out, i think we will at least be spiking up to...
We have had some big movement on gold, seeing a 400 pip push to the downside, just as foretold in some of my previous gold posts of possibly seeing 1420. Now at this moment in time, we have hit somewhat of an area of value, just outside of our sub key level of 1475. This current price also lines up with a 1.27 fib extension. From here, we could be seeing a...
Check the youtube link below for a full breakdown! Gold is currently rammed into our 2 resistance levels, the top of our bearish channel and our key level of 1500. Price may have a spike into 1505 territory but we are looking for shorts at this level. Targeting 1430-1425, this is a massive swing trade with the best area of entry. Please average in your trades as...
Here with have a new downtrend beginning from a nice head and shoulders pattern. we are currently at the top of our retracement and are at a good level to take shorts and break through this counter trend line. Please 'LIKE' and comment below your thoughts!
Here we have a recent bearish trend that we are looking to capitalize on, as we know that the trend is our friend. We have had consistent lower lows and lower highs, with no clear sign of a good retracement to make a trendline connecting 3 points. I believe this is close to the top of the retracement which will make our new connecting point for our trendline. Last...
As shown in the chart, we are stuck inside of an " Andrews Pitchfork" on the 4H and D time frames. We are looking for gold to drift up to resistance and have a powerful drop down into 1450-1430. From here, this may be our floor before pushing up to new highs which would be over a 1000 pip trade. If you don't want to miss the train on this trade, especially if it...
Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
Good level to enter shorts. Price may range around this level so you may be able to get an entry 20 pips higher. Looking for a third leg down to the 1450 level. Looking to take profits at 1455 incase it doesn't exactly hit the level. Incase price breaches our SL at 1495, we can expect a strong rally, potentially into 1520+ levels.