Analysed weekly timeframe dropping to 4 hours. Possible down turn for then a reverse at 271513. Entry for short around 295955, take profit 271513 Buy Limit arund 271513 take profit 304091
Weekly Analysis timeframe dropping to 4 hours. Possible down turn for then a reverse at 271513. Entry for short around 295955, take profit 271513. Buy limit around 271513, take profit 304091.
-overall strong daily uptrend. -may see pullback after breaking 4h uptrend line. -formation of H&S pattern. -waiting for breaking the neck line. -short trade with good R/R ratio with the target level up to the 4H demand zone. -do not forget your SL.
XAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impulsive move down. If the impulsive move down is great enough, we will...
This is an Idea of XAUJPY of Short that Trend will reverse because of Forex Sentiments and RSI Highly Over Sold first now RSI highly over bought.
The massive ascending triangle completed in Mar 2023 has met its 1X target at 275,000 Yen per Oz. It is quite common for such a large pattern to eventually fulfill a 2X target. The daily chart is coiling into a pennant that should be resolved by an upside breakout. Tactically my trade is to buy Gold futures and sell Yen futures with an approximately equal USD value.
The chart of Gold expressed in Japanese Yen has remained in a very tight weekly closing price range of 7% for almost a year. The boundaries are clear as an ascending triangle. This is a trade I will lean into hard by buying Gold and either selling Yen futures or buying USDJPY spot in approximately equal USD values. JCB will continue to inject money into the...
A bullish triangle is in its final stages. The risk is to the upside.
Final sub-wave of a flat formation is about to complete wave 4 on daily timeframe. Continuation of the trend will resume soon. Conservatives target for wave 5, is 15% (equals to wave 1).
weekly good support zone !!! And still wait little timeframe pattern breakout!!!
As I've said multiple times in different forecasts, the leading tell of an uptrend ending is when the market can not break the 161s of the last pullback. This has now happened in gold/yen. Mostly marking this out of interest. I don't think I have liquidity for this on my primary brokers. I'll maybe scout about for some. But this is related to my long Yen...
bullish trend detected so made entry after a higher low showed a bullish inverted hammer candle .stop loss will be adjusted on the current time line until trend reversal occurs.
Because the third sub-wave of the third wave is prolonged, the fifth sub-wave is no longer prolonged, the third wave has ended, and the callback of the fourth wave starts. Because the second wave is flat, the fourth wave is zigzag or flat. According to whether the first sub-wave of the fourth wave is 5 or 3, the final target position is determined.
Pure range play with a long bias. Expect decent support 188k level with a tight stop below. Throwing 0.5% equity at this bet, hoping for 3.5% return.
●● Mine scenario ● 1W It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V . ● 1D A variant of count of the triangle ((B)) of I . ● 23h A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C . ● 6h I expect the...
As per Gold/USD long-term analysis gold is in down-trend from the last week. As per long-term USD/JPY analysis , it is in downtrend too. What it tells me, that if you wish to sell Gold you should be selling it for JPY, since the pace will be twice faster, and deeper I am expecting fall to 100,000 at minimum before its first significant bounce up. But ......