As stated in my previous chart price is consolidating in the red area , divergence has been spotted on all lower TFs and price is being rejected on the daily. Once price breaks out of consolidation it is going to hit its previous lows before going higher.
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Price is currently consolidating in the highlighted area, divergence has been spotted on multiple time frames.. I'm anticipating a crash.
The price will fall to the green area and possibly even further.
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Price is still consolidating in this area and has not been able to break, once price breaks out of this area it will fall very hard to the next level of support which is highlighted on the chart in green.
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GBPUSD broke support and is heading towards a new level of support, admittedly I placed a buy that probably will be stopped out. However, there are signs that price will retrace to the green area highlighted on the chart.
I will be closing this trade out and re-placing it when there is a clearer indication of price rejection.
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Gold is on the way down, I dont think its time for the drop just yet but heres a quick short idea
Price is currently being rejected at support but once broken sell to green area
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Price is heading towards its resistance level again, we are currently looking for a reversal opportunity.
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DXY H1 - With regards to that USDJPY setup... Looks like we have broken another key zone, however we are yet to break this resistance on DXY. Double top forming at the moment, if we reject this break through we could see the end of dollar strength. Dollar strength gained over the eastern session but we are sat on a key price to watch at the moment for a possible...
S&P SHORT OPPORTUNITY - CATCH THE RETRACEMENT AND KEEP EYE FOR BULLISH MOMENTUM
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S&P500 INDEX IDEA
- Respected key level zone
- Retracement point and continue LONGTERM bullish momentum
- COVID-19 effecting currencies like crazy while index is doing a madness
- Retracement of price and market volatility can...
That's because I didn't understand how crazy these markets move and poor risk management. LESSON LEARNT
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USOIL IDEA
- Price has rejected key level resistance touch and well respected
- Following bearish channel
- I have looked at all major positions of USOIL price in history and cannot see any confirmations...
HI friends
After weeks of jpy falling against the dollar, jpy was able to pull out of its cloud computing course, leaving the cloud not an hour to buy, but the price could touch the first resistance and if the resistance breaks then the next resistance is coming.
And according to the downward trend of the usd / jpy analysis so the jpy / usd currency pair can...
