This is not a signal, this is a short term technical analysis for Gold based on some analysis and technical indicators. Gold needs to break the organa colored zone by a 15M, 10M or 5M candle for this long scenario to become active. Each target line happens to be a strong resistance line, Gold needs to break each of them for the next target to be active.
DISCLAIMAR: THIS IS NOT A TRADING SIGNAL, THIS IS JUST AN IDEA. STUDIES SHOW OUT OF 3,000 BUSINESS IDEAS, ONLY ONE OF THEM IS SUCCESSFUL! (KINDA OFF TOPIC, BUT YOU GET THE MEANING!). DO NOT TRADE BASED ON THIS IDEA. USE YOUR OWN ANALYSIS AND STRATEGIES GOLD shows signs of a possible strong up-trend move, but the possible up-trend faces some critical challenges...
Will Gold complete this ABCDE Elliot Wave? No clear indications yet. DISCLAIMER: THIS IS NOT A TRADING SIGNAL, DO NOT TRADE BASED ON THIS.
Three possibilities for Bitcoin's next price destinations are illustrated in the chart: Scenario 1 is illustrated in Gold color. Scenario 2 is illustrated in Pink color. Scenario 3 is illustrated in Green color. The Fibo zones are formed by combining Fibo retracement and Fibo extension. The timeframe used is 30M. DISCLAIMER: THIS IS NOT A TRADING SIGNAL,...
USDJPY could continue giving short opportunities on Monday. On Friday, it hit my target and then price bounced back because it was a strong resistance line and within a VSA area. For Monday, if it breaks the uptrend line, it could initially reach Fibo 1.00. Fibo 1.61 could also be possible as the 2nd target, price has not been in this area since early March....
This is a possible short opportunity for Monday 14 Dec 2020. Price was closed in the last trading session inside the blue zone, it is critical that this zone is broken before placing any order. The read line could become the initial target, but it is located within a strong VSA area, it would be safer to wait for this line to be broken and then aim for the other...
GBPAUD had made a sharp downward move and it now has reached mid of September's lows. The blue lines form a strong Fibonacci &VSA Zone, it won't be easy to break this zone, but if it does, then it could signal another sharp bearish move. DISCLAIMER: THIS IS NOT A SIGNAL, THIS IS JUST AN IDEA. DO NOT TRADE BASDED ON THIS.
If GBPJPY breaks the zone between the dark red lines, then it could signal continuation of the current bearish direction. Disclaimer: THIS IS NOT A SIGNAL, DO NOT TRADE BASED ON THIS.
USDJPY appears to have another bearish day. It is about to break a strong 1H zone, when broken, it could go towards the last two Fibonacci lines (targets). Disclaimer: DO NOT TAKE THIS AS A TRADING SIGNAL. DO YOUR OWN ANALYSIS TO VERIFY THE TRADER BEFORE PLACING ORDERS.
In 15M frame, Gold appears to be making a flag pattern, it is possible that the Gold could make a downward move towards 1830 before determining its next direction. DO NOT TAKE THIS AS A SIGNAL. WATCH FOR GOLD'S PERFORMANCE BEFORE TRADING.
Gold is in a channel which could indicate another upward rally. The channel has too much price power in it, any breakout in this channel could give an excellent long/short opportunity. THIS IS A 1D TIMEFRAME.
Gold broke a strong zone and a strong support line and now is getting close to the boarders of a new strong zone.
Gold broke a strong zone and a strong support line and now is getting close to the boarders of a new strong zone.