GonzeeTrading

GonzeeTrading

At this moment in time price is demonstrating weakness, however, need to take into consideration that it has just touched an unmitigated area of demand, to which it has reacted strongly, with that said, we could see a deeper pullback into the 1.3546 area of supply to make a run for 1.3045. Conversely, we've just mitigated an area of refined H4 Supply, causing the...

GonzeeTrading

high possibility that GBPUSD is going to go up higher after coming to mitigate extreme demand area, it does look like some supply came into the market, forming a doji, however could have been due to being Friday and liquidity coming out of the markets for profit and capital preservation of the large institutions. However strong long possibilities at this point.

GonzeeTrading

At the time being the market is internally bearish so we could aim for the price to come into the demand area of the extreme of the bullish structure. With that said at the time being, the price is showing indecision, after mitigating an area of weak demand. However, the price is at an equilibrium area and could be forming a new swing higher low to reach...

GonzeeTrading Updated 

It's been a while since I posted a trading idea on social media, thought that this would be a good example. Daily Analysis: Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low. H4: Even though on the H4 we're on a downtrend, the...

GonzeeTrading

Price has bee moving in a descending channel on the HTF to which is hitting the top of it in a ascending wedge kind of patter on the LTF. Higher probability of reversing to a bearish move

GonzeeTrading

Price has been moving is an ascending kind of manner, and has the possibility to reverse to the downside, keep your eyes on the price

GonzeeTrading

3 Tap of top TL, making possible bearish move + touching a Point of interest

GonzeeTrading

-> The market has been moving in a descending channel for a while in the daily TF, to which since February to March has moved from the resistance zone to the support zone, to which it has impulsively bounced from it. -> With that said, the price broke out from the 4H descending triangle and formed an ascending type of channel to which broke upwards indicating...

GonzeeTrading

-> On the daily TF, the market has moved very impulsively to the upside creating an overextension of the price to the 200 EMA, which tells me that the price needs to at least pullback before it continues its bullish trend. -> On the 1H TF the market has just recently BO of the ascending channel where the price was moving upwards, to which I've went onto the 15min...

GonzeeTrading

-> The market on the HTF has been moving bearishly through a descending channel on the daily TF, to which the price reached the support dynamic level and reacted from it with an impulsive move. -> Now on the LTF, the market has broken two 1H structures and one 4H too, which tells me that the market has moved its momentum to bullish and the likelihood of the...

GonzeeTrading

-> The market on the HTF has been moving in an ascending channel, throughout the 4H structure, and just recently bounced twice from the daily resistance dynamic zone. ->Now the market is moving in a descending channel and found some support at the 4H structure, to which it formed an ascending channel (continuation pattern) on the 1H TF, with that said I am...

GonzeeTrading

-> Gold has been in a very strong bullish movement, mostly due to the conflict in the EU. However the price is hitting Weekly and daily resistance zones, and it has moved impulsively from it. -> On the 4H time frame market has formed an ascending channel and broke out, on the LTF another ascending channel was formed and broke indicating that further downside is...

GonzeeTrading

HTF -> The market has been moving between dynamic support and resistance and it has recently touched the top of the ascending channel and moved impulsively from it. LTF -> The price has hit a support level, but because we are in a bearish trend, the probability of the market to continue is higher than it is to reverse... So what I am expecting from the market to...

GonzeeTrading

HTF - The market has been moving in an ascending channel and just recently impulsively bounced from the bottom of it, which indicates bullish momentum. LTF - Now we have 2 possible scenarios here, where we could bounce from the 4H Lvl and reverse the price or it could continue its bullish momentum to the top of the 4H TF structure and reverse. Keep it simple...

GonzeeTrading

HTF - The market has been stuck in a consolidation structure for quite a time and it seems to me like it is not going to break soon... However, with that said, the Dollar index seems to be in a bearish momentum and USDCAD is touching the 4H TF consolidation... Now there are 2 possible scenarios here, where either the market will bounce from the 4H Lvl or it will...

GonzeeTrading

HTF - Market reached an HTF level with an impulsive bounce from it, indicating a reversal of bias of the market. LTF - After the price hit the HTF level, it moved impulsively down and formed a corrective structure which then broke out, which indicates further bearish momentum. Keep it simple keep it straight, the more complicated we make the less accuracy we'll...

GonzeeTrading

After market hitting the dynamic resistance of the HTF structure, the price formed a double top and reacted impulsively from it, breaking the centre point of the Double Top. With that said I am now expecting further bearish momentum after a correction structure break. Keep it simple, keep it clear.

GonzeeTrading

Market has last moved impulsively to the upside and it has been forming a correction for the all of last week. however on Friday, the price broke the structure to the upside, indicating further bullish momentum. Which I expect a possibly continuation of its bullish momentum to the 97.500 levels.