Looking for shorts next week on Gold.
Last week it had its pull back or consolidation and I will be lookng for the next push down towards my first target of 1285.
Price has formed a pin bar on the 4hr and seems to be ready to sell off.
There will be a break down of the the lower time frames in the comments below.
Daily Time frame there was a bearish...
SP500 has rejected the resistance once again.
Could be looking to see Yen pairs strenthen in the up coming week.
Will be watching closely for the weekly closure to confirm my shorts.
Had a small position which was entered on the 4 hour chart. Will update as we go ahead.
Will be looking for shorts down to 1.84500 and will be monitoring reaction at the first supporting Trendline.
Could extend shorts further down to 1.82500.
- First must look for entry on pull back.
- Ideally price pulls back to retest consolidation zone entry @ - 1.85800 with a 60 pip risk. Just above pennant pattern that form.
- If price breaks back in to the...
Price has been in an uptrend LONG term. Could be considered a bullish flag - which has now broken out. Will be looking for a rejection off the previously resisting trendline (Now support) for long positions.
USDCAD has been consolidating at the supporting trendline of a weekly channel and is currently forming a H&S pattern. Two possible ways to enter would be a pull back to the 4 hour channel around 1.32 evens. or a break of the neck line of the H&S pattern. (@ 1.33500)
Entry would be preferable a closure of a pin bar or engulfing on the 4 hr.
Long term Targets is...