here we can see the reason quite clearly, we have a counter trend line thats formed with us getting a touch, with rejection. This fall hand and hand with the gap on the market which we are approaching on the smaller time frame, as we approach that area we suspect alot of profit taking (charges increasing/swaps) and we will see a small shift to bearish momentum...
here we can see we are still not finished as we anticipate wave 5, i feel a little push down to a level ill mark on the smaller chart with reason that i will show too.
we expect o be in wave 4 awaiting wave 5 but in early phase,
Here we can see we have a nice bounce of the touch at the mark (D) and we can see our new point of interest is the mark of (E) follow the areas, blue marks buy interest areas, red marks seller interest levels
Here we have daily view of gold reflecting gold and correction count, i will be closing gold in await for another nice entry.
more detail in charts coming up on smaller timeframe, we mark whats important on the daily (pay attention to the arrow and where i have the entry of the arrow)
im not intrested in selling thhe correction the move will be miniscule to the...
This analysis an work is copyrighted to us again,
We can see that we will burst up in accordance to the larger degree, and also the smaller degree and we line up minutte and majors.
Now we wait deep in profit and allow the market to do the rest of its thing
We have fulfilled another touch of the bottom trend line on the 4h of the triangle completing the abcd, now we can look for the buy out the triangle as we get FOMC next week.
On worst case we could see a little fakey outside it but we feel very confident of the rise of gold and fall of dollar the next few weeks.
Over 600 pips on 3 positions with this trade. Hope you're all enjoying the money!
Told you the double bottom was coming weeks ago, we gave you the sweet spot and ! Magic.
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trade is flying, we told you the double bottom was coming way before it did, we also gave you the spot to get in now you will be swimming in profits.
All our members are benefiting from this trade right now as we await our next move - again our members know what we think.
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Here we can see usdchf has fell beautifully into our targets.
We have now approached an area of interest, what do you think will happen here?
Do we keep falling? Do we pull back then fall? or do we now change trend back to up?
Let us know what you think in the comments!
Our members know what we think. If you haven't already join our free education group on...
So we pay close attention to detail and we have been monitoring gold within the long staggering cycle of following the falling wedge pattern on the higher time frame.
We have had a long move to the downside, where we look to now fulfill the break of the wedge as it has pro longed a 3 wave move corrective.
We are now looking at it coming into confluence with...