Gold is also looking bearish - albeit this is only a pullback. Confirmation here is break of H1 demand or break and retest of rising wedge if you are conservative and risk averse. Good luck :)
CPI gave us gave us really nice entries for longs last week but now price must correct. If you are trading the correction make sure confirm your entries with a list of your confirmations. Otherwise wait patiently for the correction to end and enter long positions again. Monday pips are to be collected and protected by all means possible! All the best and happy...
CPI gave us gave us really nice entries for longs last week but now price must correct. If you are trading the correction make sure confirm your entries with a list of your confirmations. Otherwise wait patiently for the correction to end and enter long positions again. Monday pips are to be collected and protected by all means possible! All the best and happy...
Gold will likely pullback today and it is Friday after all. Do keep in mind the general trend right now is bullish. If you are interested in shorting I suggest you wait for break of H1 demand. Otherwise hang tight and wait for the pullback to end and for bullish confirmations for continuations to the upside. Happy Friday and Good luck :)
I know that CPI has in the past come with a few surprises but this setup on H1 looks very bullish. All possibilities are represented by the red arrows but for the most part, we know what the trend is and we will wait patiently for the noise to die down so we can long. All the best guys :)
Gold is pretty much self explanatory. Price has been channelling down and now we have a breakout to the upside. If that triple bottom shape is to play out I need a break of daily supply. Then we can swing it all the way to Weekly supply. Here is something I have come to realise about gold, it is bullish in December. All the best :)
It is quite evident I am strongly bullish on anti dollar currencies. CPI can come and fulfil structure but as long as daily demand and that HL is not taken out, I will long EU. Good luck :)
My bias is bullish on GBPUSD - CPI might deceive us into thinking otherwise. My advise is always to stay out and observe how fundamentals expedite the moves we are anticipating and then execute when the noise has died down but that is just me. If you get confirmations for shorting go for it and use good risk management. All the best :)
If that daily demand breaks the bears will have a joy ride to monthly demand but if it holds and we get a break of supply the bulls are back. I am eager for CPI to expedite price movement today so we can know whether we are buying or selling the dollar for the rest of the month. Are guys bullish or bearish on the dollar? Good luck for today :)
Let's try this again...:D Previous analysis was based on M15 timeframe. So I am not surprised it went the way it did. I am still bullish on EUR until I get confirmations proving otherwise. Patience Pays. Good luck :)
I am long on EU. But this entry is for aggressive traders. For conservative traders, wait for either break of M15 supply or break and retest of bullish flag. The dollar is still bearish. Let's buy antidollar currencies. Good luck and use good risk managament. #PriceActionRocks
As stated yesterday, I am bullish on Gold. Now we have a bullish continuation pattern which will be confirmed by a break and retest of both resistance and H1 supply. No confirmation, no trade. Wait for the setup and tick off your confirmations and use good risk management. Good luck!
I am bullish on Gold overall because DXY is bearish currently. But since it is Monday, there might be a few fakeouts. That pullback to H4 demand might not even happen and this is why I am not going to sell Gold. I am observing from the sidelines and waiting patiently for a pullback and bullish confirmations. Patience pays in this game. Happy new trading week....
Gold is positioning itself nicely for selling. I do see a possibility of harsh pullbacks caused by FOMC volatility so make sure you enter at the right time. No one likes to be stuck in a drawdown. Good luck :)
I am seeing one of two things happening come FOMC tonight. Price might break support trendline of that rising wedge but get rejected by H4 demand - meaning the bulls continue to rally to the upside. Price might actually break support and demand and then pullback - this would be most ideal as it will give us a chance to buy the dollar low again. What move are...
GBPUSD and EURUSD on weekly look very similar. This is hardly surprising as we all know by now the two are positively correlated. Price has been on a steady decline - respecting weekly diagonal resistance while consistently creating new supply zones. Are we then going to be seeing a new weekly lower low as the dollar gains back its strength over the next few...
My plan is to go long on GU as long as DXY remains bearish. Now that price has broken H1 supply, I am waiting to see if London session gives me a pullback for re-entries for longs. Never chase the move. Wait for a pullback and use good risk management. All the best :)
Price did not pullback all the way to H1 Supply. The momentum to the downside is strong. But if you missed the initial move do not fret. I see a double top forming and estimated targets will be in an MRA zone. Wait for the break of neckline (that H4 watchzone/demand), a pullback and a confirming bearish candlestick and then short. Remember, no confirmation, no...