Flukebass

Flukebass

I never like to pick bottoms on any chart and instead, look for reactions off POI. We did find some sort of support and a bit of bulls from current reaction zone. It seems we have retraced and tested if for second time and we might be able to risk small here for a stab at the longs for another reaction.

Flukebass

Tinus & Alvin Analysis 12:03 Impulse retracement

Flukebass

considering higher time frame is bearish still, and haven't had much signs of higher time frame highs being seen, we are approaching a resistance. i suspect the accumulation being built up will likely be in for a retest of support being rejected, triggering a buy before moving to higher prices as momentum still hasn't been seen. keeping this in mind im still...

Flukebass

fundamentally: news and influence on canadian dollar seems to be set for strong currency and seems like gbp is struggling price has broken bullish support and retested it and set down for base level support and is in place for break of that support. IF it does give any sign of making lower lows any further, id be in for a sell and looking for target way down...

Flukebass

ON THE HIGHER TIME frames, gold looks very bearish making lower highs and lower lows and suspect it will break its support very soon and move to lower prices as dollar is on increase.

Flukebass

following exact price movement as arrows? same resistance and support zones. one to four RR

Flukebass

Trading gold is all based on price zones. Rejects due to trends line or zones with orders from institutions. This marks the importance of proper analysis and trend line drawings. Movement tends to be spotted nicely on 5min for entries, but ensure to have trends on hourly time frames for better accuracy on reversal and zones. spot the tall wicks Gold is famous...

Flukebass

Gold retested buy are 1t 1725 and proceeded to break the 4th touch on downward trend and will likely head to test outward trend line on higher time frame. Good RR if it plays out

Flukebass

based on historic chart, when price crosses this area, there seems to be alot of reversals/ something to test?

Flukebass

as per my previous correct trade ideas, thought id share my chart layout idea going forward as it is following it for past 3 trades on the mark. use it, don't use it.

Flukebass

Nice M formation (Double rejection of higher prices needs to retest support to gain liquidity to bounce off support level to fill orders at higher prices. just an idea for theory. long term trade. use it at own risk

Flukebass

Just publishing an idea to see how it follows the pattern, if it follows and comes back for a retest, there is a big opportunity fall down to lower price as indicated. Please do not trade this, its for me to come back next month to see how the trade played off

Flukebass

just a test of the market. major outbreak needs a correction back to 0.5 level of fib/

Flukebass

Failed to make any immediate higher highs to show any break of the bearish trend, it will likely keep in its downward channel and have a mirror effect from the previous weeks. big drop likely in gold price. wait for pullback before entering for sell off?

Flukebass

just and idea. bounce of rejection zone to test 1800 level again for first time.

Flukebass

Based on some news, I expect a little bit of a price increase and on bullish Trends. See support area and rejection areas

Flukebass

Slow day on the market being public holiday. None the less..Expecting to test the range between opening and closing after NFP Friday. Moving down to support level and testing Friday high after News

Flukebass

just shorting this with good risk to rewards. Good odds with news coming, approaching downtrend from higher timeframe and resitance from higher time frames.