Based on pure price action, no financial advice.
- We are still rejecting our heavy support zone at 1680, we rejected it 5 times since April 20th 2020.
- We are quite bullish on the weekly and daily chart making higher highs and higher lows.
- We received a daily bullish M pattern, we could see some bearish momentum to the 1825 region before making any longs.
-...
DXY rejected the weekly S&D zone (blue zone) and is forming a daily H&S pattern which indicates a reversal in the market. Let`s be patient and see where the price is heading.
AUDJPY
Monthly chart:
- We are making clear higher highs and higher lows on the monthly chart.
- We are receiving a Bullish M pattern and are currently forming the 4th leg.
- I expect price to hit the 76.500 region before heading back up.
Weekly chart:
- Price is moving with the trend which indicates that the bulls are getting tired and bears might gain power...
Long term point of view on gold. Since August the 3rd of 2020 gold began to move counter against the trend making lower lows and lower highs. It looks like price was taking it`s breath for 11 months before making another potential huge move to the upside. We compare this with the following example, imagine you make a sprint, you can`t sprint at your 100% for ever,...
This is my personal point of view and no financial advice.
Weekly chart :
- We rejected the weekly high (111.000) which acts as a major supply and demand zone.
- We want to see reversal pattern first before we take any short setups.
- We broke the last weekly higher low (little red candle which acts as a institutional candle) so we shifted from bull market to a...
This is my personal point of view and no financial advice.
Weekly chart :
- We are still bearish making clear lower highs and lower lows.
- We formed a big bearish W pattern, I drew my FIB from the last weekly low to the previous structure high.
- We rejected the weekly supply and demand zone ((93.400) if you look on the monthly this aligns with a very big...
AUDUSD LONG SETUP 14/05/2021
Weekly chart :
- We are clearly bullish on the weekly chart making higher highs and higher lows.
- We rejected a major supply and demand zone around the 0.76000 region.
- We don`t want to trade against the driver which in this case are the bulls.
Daily and 4H chart :
- We are are again making higher highs and higher lows on the...
