I posted previous prediction on Gold, looks about right. We had a bounce from the 50% Fib. Even though EVERYONE on trading view said OH NO! We are going to 1125.....yeah ok. I personally think we will see 1300$ very soon, as the US dollar weakens further. I also think we could see 17-18 on Silver!
Dollar to give a fight back this week, so expecting retracement on all major USD pairs expecting GBPUSD as the GBP has some major fundamental news coming out this week. TP at 50% fibs. Pattern should be complete by the end of the day or mid day tomorrow
GOLD has been a great market this year with its performance for one to to really take advantage and profit from it, a Double top has been clearly formed previously (looks like a M) and there is only one thing that happens with Double tops, for it to proceed lower, looking for GOLD to play back into 1240s Before heading back down and eliminating its low and...
AUDUSD pair raced upwards strongly yesterday to approach from 0.7700 barrier, targeting testing 0.7740 level mainly, noting that breaching this level will extend the bullish wave to reach 0.7830 as a next Target area
-Bullish trend supported by the EMA50
Expected trading range for today is between 0.7604 support and 0.7800
The CAD is approaching its make or break day, an 80% chance of a rate hike has been priced in by the market, if that does not happen this trade is likely to get stopped out.
If it does happen expect them to extend lower possibly in an impulsive and sharp manner. As always the blue box is the area a turn lower for resumption of the major trend may occur and I...
Linked to my previous post the pair failed to break the ascending trendline
It however has broke and retested the decending trendline, expecting new highs will update as things change
+ MA's showing bullish price momentum
We've hit the 50% Fib level from the low levels in December 2016 to the high in April time 2017. We tried to hit that high once more and failed. With NFP today confirming an increase in jobs in the US this has given buyers hope of an interest rate hike. But look what happened the last time that happened, USD JPY and the Dollar bottomed out. Could we be heading for...
Selling the US Dollar, the dollar has been strong for some time however the run higher is beginning to look extended across a number of pairs.
The USDJPY is shown here, i expect it to top out around 115 and intend to use that figure as timing for trades on other pairs.
The Yen is likely to remain weak but the 115 area may be reached at the same time as the...
Weekly & Daily order flow of price is within an area or areas (order blocks) where price likely to reverse & changes direction. Added confluence with daily trend structure & distribution of price in Monday's trading session where liquidity underneath price wasn't taken out give me the heads up to look for shorts for Japanese yen.
Entry @ 113.74. If this position...
3 ways UJ to play out.
Ideally I'll like to see price to pull back into a HTF block to take out liquidity then rally to take out stops.
New approach with my analysis using the features of tradingview to look at specific higher timeframes to add to my game.
GOLD is clearly on an uptrend. 1300 is strong resistance, if it breaks this, 1330-1340. If it breaks the trend line we are going down. If you look at the daily right now, it's bounced of the trend line again and is now heading up. I'd place a trade ASAP.
I see a Cypher that confirms the down trend, and we might hit 85, which seems to be supported by the trend channel. But in the meantime there is a struggle right now, a Crab pattern suggest that we shoot for 100 before going down. There also seems to some news that confirm this TA.