Please see the chart. Enter buy position from: 1.0550 - 1.0535. STOP LSOSE:1.04920( around 43 PIP) First TP: 1.07970 (around 262 PIP) Second TP; 1.8970 (around 362 PIP) Please be aware for risk management at maximum.
As we see on the chart the GOLD price finished 5 waves in wave C and in my view, it reaches to (Y) point for the large correction WXY. Also, we see Harmonic Crab Pattern will complete around 1842. Enter Buy position from 1842 - 1840. First TP: 1882. Second TP:1895 Third TP :1907 STOP LOSE: 1835 PLEASE BE AWARE FOR RISK MANAGMENT AT MAXIMUM.
Update for previous analysis for DXY. waiting for correction in wave C at 104, 104.30. I except the price will continue in uptrend after reach 104 area. we have strong news today 13 Sep for US. please be aware for risk management.
my idea for EURUSD as showing on the chart. The price will continue in down trend to complete wave 3. Confirmation : close below 1.07655.
waiting price to close below 1915 to reach first target at 1904. SL : 1932 as my view from 1904 the gold will make upside correction to 1942 then will continue the down trend. In general : the main target for down trend for gold is 1885 . The gold will be in up trend if closed one day above 1953.
US Dollar index will rise more and more. Price will correct in wave 4 from wave 1 from wave 3 or C .then will continue in up trend.
US index as our view will be in down trend to 101.850 as correction. confirmation break 103.35 level.
the price finishes the wave c from b in correction wave, expect to rise up to complete wave C. SL : 1.0800
waiting price to retest 1904 - 1907 area to raise up to complete wave 4. targets after close above 1921 are. 1932 then 1942. Sl; 1898 .
As attached picture , USDCHF for sell from price area 0.00325. I prefer to wait until price close below. 0.87760. TP: 0.85540 SL: 0.89000 BE AWARE FOR RISK MANAGMENT
As my view the US10Y inside ABC correction. wave C end at price range 3.714% The correction will be invalid if price close below 3.615 %. we use US10Y as additional tools to analysis the gold. The relation between gold and US10Y is Inverse relationship.
For week 07_08 till 11_08 The price now in wave C . This scenario invalid if price close below 1925. First target 1982 (nick line for head and shoulders ).then 2007_2011
**For week 31-7-2023 until 04-08-2023. Price : 1959 My Idea about Gold the price will go down from price 1968 to 1932 -1930 to complete wave c from 4 and then will rise to 1982 again. *If price stay above 1982 it will continue to 2007 - 2011 to complete wave 5. *Looking for price action between level 1968 and 1972 to sell. ** SL 1975 (70 pip from 1968) **...
EURJPY IN UP TREND BUT NOW THE PRICE RETEST HEAD AND SHOULDER PATERN ( 4H FRAME ) FOR SHORT POSITION FROM CURRENT PRICE AND TARGET 117.650 (SL 118.95) FOR LONG POSITION ( MAIN TREND ) ENTER FROM 117.620 AND TARGET 120.600. (SL 117) CANCELL SHORT POSITION IF PRICE MOVE UP AND CLOSE AFTER 119. NOTE : ENTERING THIS IDEA AT YOUR OWN RISK. DO NOT ENTER THIS IDEA...
PRICE RETEST WEEKLY RESISTANCE BETWEEN 26.20 AND 28 , AND TRY TO COMPLETE HARMOONIC PATERN ( BULISH BAT ) . TO CONTINUE DOWN TREND MUST CLOSE BELOW 20.15 IF PRICE CLOSE UP 28 LEVEL IT WILL CONTINUE UP TREND SIDE.