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Getting ready to go short again back into the Kumo.
Date Pair Direction Trade Trend Level Signal Entry
2018-12-6 GOLD Short Counter Trend Side Horizontal Resistance Fakey break
If tomorrow we see the bitcoin price increase and hit the green box, this could be confirmation of a bullish fakey pattern with a target of 6910 which would be very nice for the bulls and any HODLers! If the price dips lower than today's low though that would be an indication that this pattern is not valid and we need to keep looking.
Nice Fakey Set Up , When price returned from going outside the mother bars low then closed with in the range of the mother bars.This generates buy signal.
HEY TRADERS!!
Well well well on a weekly chart we can see inside bars so fakey may be coming next. We have only one session to produce that weekly fakey tomorrow.
So in short we have 2 options:
Either we bounce from gold fibo(618) tomorrow or we will drop lower to 1172 area to hit a hot spot (786 fibo +monthly TL). If we bounce again from that monthly TL we...
Sell after the breakdown of the main support, on the pullback toit (D1)
On H4 price very slowly moves upward forming a setup: fakey.
Sale on the main trend on the pullback on the main D1 chart + 50% Fibonacci, + crossing EMA150 / 365 on H1 chart.
Gold now currently found near term support following from its downward move since February 16 of this year. Price then rallied after a Daily Candle Fakey setup formed last Thursday. Will we see a further thrust to the upside towards near term resistance 1,360?
Gold now currently found near term support following from its downward move since February 16 of this year. Price then rallied after a Daily Candle Fakey setup formed last Thursday. Will we see a further thrust to the upside towards near term resistance 1,360?
XAUUSD now trading on a range of 1214-1295 zone. Inside of that price broken up 1258 mid term resistance zone. Price retest that zone today. In another side, price made inside bar pattern with yesterday and the day before yesterdays candle. By today's candle it makes a fakey of inside bar. (Inside pinbar). Next resistance / target area is 1295
