This week has give us many fluctuations because of the war issues and the Fed Meeting Minutes... As Gold and Silver had a solid week, we try to trade some correction or maybe a new downtrend movement.. XAGUSD is on the strong resistance now and of course the R:R is very fantastic right now. Good Luck and CHEERRSSS...
With a lot of speculations and many things can happen today on FOMC Minutes, I try to share very good setup in AUDUSD.. As seen on the chart, AUDUSD has broken its trendline and now retest back into that broken trendline, i'll go for SHORT.. Cheers!!!
GOLD is in the making of E in the ABCDE correction.... Despite all the fundamental issues as Russia and Ukraine tensions, hot inflation issues, etc..., I strongly believe that the Gold movement to the 1850-1860 is just a correction and it was not a new bull trend.. If we take a look into the chart, looks like Gold is making the ABCDE correction in a big triangle...
We try to manage the new bearish trend... SELL now or SELL on Strength??? Price are in the 50% fibo from its drop, but it can possibly make an ABC correction to the 61.8 or 78.6 fibo before it continue to go down... I prefer sell half portion now, and sell another 50% on the retracement to 61.8 - 78.6 level... GOOD LUCK, BEAR!
I try to analize using Elliot Wave perspective, and it seems like the bull trend is almost over.. YES, it could be reach to the psychological level of 7000 or maybe more 7200-7300, but for now the risk is greater than the reward.. The correction to 5000 ish level or lower can happen anytime.. We are in the end of wave 5 of 5.. And if we take a look into the...
With FOMC Statement tonight, i strongly believe that the Gold will still respect its triangle and continue to consolidate within it. The current movement to around $1850 area can be determined as wave "D", which now it is on the 78.6% correction from "C", and of course we expect more downward movement to complete the cycle with "E".. This is a good sell setup...
ADAUSD is in it's base... You don't wanna miss this golden oppurtunity! CHEERRSS...
It's on the zone, the indicators shows the bear is weaker and weaker, and the daily canlde shows potential of reversal.. What would you do???
The bull must be decided on this current level.. Very good R:R for the bullish right now, don't miss the train!!!
Based on Elliot Wave counting it is highly possible that the wave 5 has already finished on the IHSG Weekly chart...
GBPUSD SELL TO THE PREVIOUS LOW, It was touch the previous support that became resistance.. GOOD R/R, don't miss it
Not need to make it complicated, just place your BUY on those levels.. IT WILL EXPLODE SOON, make sure you are on the train..
I think the yellow area, is good area for LONG. since this area are solid cluster, there's a previous low, there's 61.8 retracement and also there's 100% extension of ABC... Will update again soon! Cheers
Daily R has been broken and now AUDNZD is on the way straight to the previous high, around 1.0750