The GBP/USD has broken a long-standing upward trendline and formed a head and shoulders pattern. Therefore, I expect the price to fall to the next significant support level.
Daily:
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The GBP/CHF has been in a range for a long time, and it recently touched the lower boundary again. On a lower timeframe, a double bottom and a higher low have formed, indicating a possible trend reversal. If the descending trendline is broken, there is a high probability that the upper boundary of the range will be the target.
Range:
Double bottom:
If you...
The EUR/USD is currently in a long-term uptrend, which leads me to anticipate a breakout to the upside from this pattern, potentially retesting previous highs. However, if the ascending trendline were to break, it could lead to a retracement towards significant support levels seen in the past.
Good trading!
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The NZD/USD is currently trading within a descending channel on the daily timeframe. It recently broke below the corrective trendline and retested it. I anticipate a continuation of the downward trend from here.
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What is up gold gang! Here’s another update from my vacation for you guys.
Price is still in this huge range with no clear direction. There is a lot of price level hugging on gold and dxy with no trend. The last time I saw price doing this we had a huge impulse out propelling the last couple years. Can this week do it again with all the news? Lets see.
Price...
Good evening gold gang!! wow what a boring day lol
very little volume meant gold barely moved away from the 2022 key level and ranged. We had the bank holiday here in the UK but even in NY the volume just was not there. These days are perfect for the brokers as they love taking our money trying to catch moves and getting flipped on lol
i took one small...
There is potential sell opportunity on Gold following the formation of a double top on the M30 time frame. A retest of yesterday's high with rejection is seen with bearish volume hence the projection for a sell.
Entry around 2022.75
Stop loss around 2031.30
Take profit around 2008.15 price levels.
Good evening gold gang! hope you have all had a good trading day.
Nothing from me today as my ranges didnt get broken, but my bullish analysis was spot on. Few traders messaged me with winning trades and thats awesome.
What do we have tomorrow then, ok first thing to note is the news. Its a late one so im hoping for some volume in asian and london .. NY is...
Good evening gold gang!! hope you have had a good day.
The days analysis was good and upside targets met, but no trades taken other than a very small profit. The reason for this is we got a closure above the level but price stalled for a full hour (which was not fun) so i exited the trade as this can mean rejection. Price plummeted down to grab more orders from...
Good evening gold gang! hope you are well rested and ready to destroy the yellow metal with me.
Ok price dropped as expected last week and landed in a very major price level. If you zoom out to the weekly and monthly, you will see that price is on the end of an upward channel .. and any breaks below could mean we are moving down.
In the mean time though with a...
Good evening Gold Gang! hope you are doing well
Wow another great day on the charts with buys in both london and new york sessions! Negative dollar news shot price up leaving sellers in the dust. Both trades called in my analysis and it was nice to receive messages from traders that took them. Well done!
Ok as for tonight and tomorrow, gold still bullish...
There are six main types of market conditions that every trader needs to know: bull quiet, bear quiet, bull volatile, bear volatile, bear sideways, and bull sideways. In this blog post, we'll dive into each of these conditions in detail, so you can understand what they mean for your investments and trading.
Bull quiet conditions may be ideal for long-term...
– Previous Daily candle closed strong Bullish at 163.500 breaking above the recent Daily Ranges/ Daily Resistances on the left.
– Buys on close above 163.700 targeting Daily Resistance at 164.170, Leaving Runners to the 30min Resistance at 164.440.
– Sells on close below 163.080 targeting 30min previous Support formed at 162.700, Leaving Runners to the 30min...
good evening gold gang! .. hope you're well
Another winning analysis day on the charts .. my entry got stopped out unfortunately due to a long liquidity wick. The candle flew up after but i was the liquidity in this case .. you cant win them all!! i just move on.
Ok, so price is in a zone where its looking like its ready to break the 4hr highs and go for the...
Good evening gold gang! hope you are well
Monster sells in london this morning woowwww .. called them last night and to see them play out was poetry
Nothing in NY for me, the big move was over. I wasnt interested in catching buys at all .. always follow the current short term trend with gold. Thats a tip for ya.
Ok the daily has made a massive wick from the...
– Previous Daily candle closed Bearish at 1956.400 respecting Daily Resistance formed on Friday 24th March.
– Buys on close above 1960.000 targeting 30min previous Support at 1967.000, Leaving Runners to the 1h Resistance at 1971.400.
– Sells on close below 1952.500 targeting 4h Support at 1945.500, Leaving Runners to the Daily Support formed at 1940.200.
– We...
Good afternoon gold gang! .. what a great start to the week
Ok we saw the forecasted sells activate in london after a fairly quiet asian session and booooom down they went. Entry model followed on the 30m chart and bye bye! .. 100 plus pips.
If you didnt see my entry model post .. scroll back to yesterdays post to see how i enter.
Outlook for NY .. we had a...
