I_jafarr

I_jafarr

Last week was very interesting, initially xauusd change its character in H4 upon retesting to its golden zone, it drop immediately and start making its B to C wave and hit 161 percent, Now the Coming week is not impulsive we may see some retracing here and consolidation, as gold has broken its main support level, we are expecting gold to retrace to its 50...

I_jafarr

Etherium is bull Reasons are Impelsive wave in daily hit 161 percent Retest to 100 percent There is a QM pattern in daily which is tested, Choch is done in H4 right now, Minor rest is possible to the domain breakout area in H1, Major reason is there is weekly impelsive wave and all this moment is the restet to the golden zone. This is just idea for educational...

I_jafarr

I usually don't believe in the fundamentals that much. it's like an enzyme or catalyst which just speeds up the reaction, last week gold was in a wedge and there was a beautiful divergence in it, before the fomc member speech about rate hikes it was forming a pattern to fly if you see H1 you'll find out domain breakout whom tp1 was 1640 according to Fibonacci...

I_jafarr

This is my idea only! Not any suggestion! Elliot implsive wave is on its 3rd move! Retest is possible from 86 to 90 to 1752 and the 5th wave will be 1752 to 1834. Also i use fibo.. In Which tp1 is 1786 arae and tp2 is 1834 area and tp3 is 1875 area Also i use support and resistance wich is mentioned too! Also use some indicators

I_jafarr

as we can see Gold breakdown from its daily and major weekly trend and retested back the trend but failed to enter. Moreover, fundamentally the situation is getting normal so I think. Technically it has to be bear because 1850 is significant resistance for now if it breakout from it then the chances are much higher which is fundamentally not possible as for I...

I_jafarr

if we can look at the USD Index there is a bearish flag, it may break out, and as we know that GBP is in direct relation and also there is an equilateral triangle in GBP so for me GBPUSD is Bull.

I_jafarr

engulf in the day, support divergence. this is my personal opinion

I_jafarr

it's for Educational Purposes and its my Personal idea.