Please refer back to my weekly bias for GOLD. We are now approaching the two key zones I discussed a few days ago. Remember, we have Jacksons hole today, which will climax tomorrow with Powell speaking. I will post some lower timeframe ideas closer to these zones.
Looking for a break up out of the descending triangular pattern on the 1HR. Jackson hole is this week and the FED will need to decide which way the market will go. Historically, there is a rally towards the end of the year for stocks ( around the end of August ), before a drop in Christmas. Enter with a smaller lot size to accommodate for the bigger stop size.
Looks like the pound has retested the bottom of this mid term trend. Placing a BREAKOUT long above the current 4HR candle with a target at the top of the range makes sense. Expecting cable to stay range bound for the foreseeable future, at least until we can discern whether the UK will have a hard or shallow recession.
Early morning breakout trade to return to the NEUTRAL pivot. This is purely a BREAKOUT trade. Use smaller lot size as this is early in the day. Looking for a reset of the price after yesterdays price action.
Looks like a HANGING MAN is forming. Price is very overextended. GOLD looks like it also wants to reverse. ONLY enter at the pre-set location with a breakout trade. DO NOT try and enter directly. Keep in mind, these are purely my opinions and not financial advice. Looking for a 0.382 retest of this push up.
Looking for a continuation of the breakout yesterday of the descending triangular pattern. Price is simply retracing at this current time. 0.382 is at the neutral pivot. 0.5 is slightly below. Look to enter a long after a BULLISH candle has formed at either fib level. You may also want to wait for some momentum to build as at the time of this post, it is still...
Looking for a short here for a 10 point move down.
Looking for a break upwards out of this descending pattern for DXY on the 4HR. This week should have a lot of impactful news for the dollar, which - in my opinion - points to the upside at least short term. Look to set a breakout LONG at the location highlighted on the chart.
WA WA WA WA WHAT DIDDDUUU SAAAAAY Looking at a large 4hr pattern for AUD/NZD Entering here is both low risk & high reward. What are you waiting for? Jump on the rocket ship!
All information on the current idea can be found on the chart. This project is HEAVILY undervalued at these current prices. I would advise getting in now before it really takes off.
Don't be scared of a little dip. If you listened to the telegram called, you sold at the $26 resistance. We have had a strong bounce off of the VPVR support - a very nice buy zone indeed. Our bull flag target is lining up nicely with our fib extension. Don't be afraid, hold the LONG
I am going to break the trend and post this idea DIRECTLY to TradingView. You'v been given the call, thank me later!