Rajomatic

Rajomatic

I don't really have much to say or explain about this set-up except to wait for the break of the current Fib Level. I wish you all a very good trading week. Never forget to have fun.

Rajomatic

Price looks like it already retested an important structure.

Rajomatic

After an engulfing candle, can we continue lower towards the next pivot point? Let's see. There might even be a retest of trendline.

Rajomatic

While a a down kumo cloud forms and price is in a channel, we await a move that will give us confirmation to our direction bias.

Rajomatic

We will await price to break and retest as usual. These are the types of setups that are intriguing to say the least.

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After hitting 100% Retracement, we can see price heading towards the downside, breaking supports and retesting with no interruptions.

Rajomatic

It's no surprise, GbpUsd could not break the Resistance/Support made from December to March's previous price action encounter. Now we have an epic failed upside breakout and the pair has already broken the previous lows of last week and has already retested that area. We are now waiting to see if price can successfully break the trendline and continue towards...

Rajomatic

The next move will be massive, I can tell. Gold is currently in the accumulation phase just waiting to break free, we await a break and retest.

Rajomatic

Price did a Fakeout of the Channel Break and is now looking to retrace a bit higher to previous Support turned Resistance. The consolidation area above price might be the deciding point of the market's true direction so I advise getting out then. Remember, we are still in a weekly downtrend.

Rajomatic

While the trendline is helping us keep the trade direction in check, it looks like there will be a sharp double bottom formation and then a break of minor Resistance structure. We may await the retest of the Resistance and then enter for a buy. This works in our favor as we are in a huge uptrend.

Rajomatic

We've seen this particular set-up on AudJpy's background past price entries before. I simply see it as free money. Of course we always should await a break and retest of trendline structure before entering. Be careful at the 100% Retracement Area as there is a likely chance of a double top forming.

Rajomatic

After 100% Retracement level was hit, we started seeing a move to the downside. Manage your risk as we are still in an uptrend.

Rajomatic

Possible bullish move to next retracement level. Be careful as we are still in a strong downtrend. Manage your risk.

Rajomatic

There's a likely retest to happen of the broken support structure which should signal an entry to next support area.

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Possible upside move from the Double Bottom formation.

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Awaiting a break and closure of the candle below the Fib Retracement level as confirmation before ever entering. Bear in mind that these are only short retracements.

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Possible short after we can confirm a break of the trendline.

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Gold looking to break current Support structure and head down to the Major Trendline . After which, we should expect a bounce off the Major Trendline to continue the bullish sentiment.