Cup and Handle pattern formation potentially playing out. Price reacted on the 70 fib level even after that strong bearish momentum. Current break on the daily and enter on the 50 to the highs.
Weve seen some very strong bearish momentum from GBPCAD, think we could see a reasonable pull back to the 61.8 swing for sells as the daily still closed above of the very strong support level
Similar Idea to last week, cleary in a downtrend and broke that daily sup. Will look to see if creates a new low before entering on the retest of the daily
Two Ideas for me here. First idea think we have missed the initial swing entry on the fib level so could see price fall towards the daily/weekly support create that double bottom and reverse into buys. 2nd idea price will break the weekly support and entry will be a sell on the broken TL of the downward trend
EU - Currently testing the weekly support. The current market structure is bearish but before entering want to see and break and retest off the weekly support or and break and retest of the daily res to buy up to the weekly.
Here big bearish momentum to end the week that reacted of daily res. Will see how reacts to current daily res and if its break could see a big move down to 1.40000 area
Currently forming bearish market structure LH HL. Could see an entry on the retest of the current daily res that it broke through the week and targets down to the weekly support to see how reacts there
USDCAD continuing to reject the daiy res and respected the Daily TL . If Daily Res holds see it to continue down to 1.21000 for big double bottom to potentially play out would look for sells down to it
Buys from 1786 current res and sells from 1772 area. Expect gold to be volatile this week with all the DXY news
Still long term bullish, currently rejecting the weekly resistance with a close below on the daily. DXY also rejecting the 70 fib level for most recent bearsih swing, would expect DXY to be bearish this week from a technical point of view. See what the fundamentals bring with news tomorrow like Manufacturing PMI, Fed interest rates and NFP high news week
DXY my analyses suggest bullish to continue, but if doesn't hold on daily resistance think we can see some clear traffic to drop to 93.00
A bit all over the place after the recent news. Not sure gold knows what to do. Break from the 1800 for buys and 1786 for sells
Pretty much same idea that I had placed last week. Daily Sells of that 23 level down to potential double bottom
GU. Currently bullish run since last March 2020. I have a potential buy on the 61.8 swing midway through weekly support with a third touch. However, on Daily TF price has currently failed to break the highs so is currently forming bearish price action. My idea for sells would be a break of the weekly support and entry mid-way through the restest of the TL and 61.8...
4HR, 1HR Zones. Need refinement on 30m. But always good to see the bigger picture
For me. I think this is more long term waiting game. I think the sells down to that inverted double bottom seem likely as the daily support is very minor and quite clean traffic. For buys though from now don't interest me
Weekly Zones. 1.69000 support zone held since last December price struggles to break. Currently at a daily res but if breaks could see a nice move up to 61.8 swing for sells pretty clean