Previous week closed with a massive rejection under weekly resistance. Current weekly has made a top wick and rejected on the 4hr, creating a lower high. Price still above key 4hr zone 1.29000, which is also a psychological level. Waiting for a break and retest on the lower timeframes to go short.
Price tested weekly support zone at 157.000, dipped below but has been making higher highs n lows on the lower tf. Overall GJ trend is bullish. Expecting the weekly to reject from here and move up for a bullish continuation next week.- Stop was too tight on last entry- reentering.
Price tested weekly support zone at 157.000, dipped below but has been making higher highs n lows on the lower tf. Overall GJ trend is bullish. Expecting the weekly to reject from here and move up for a bullish continuation next week.
Price rejected off daily support after consolidatingg around 1.30000, currently testing resistance triple top, looking for a break and retest during LND-NY switchover to take buys into daily wedge resistance.
Had a deeper retest thank expected but took another entry on the 764 fib level. Looking to set SL to breakeven after 10 pips in profit.
Price at weekly support, previous week closed bullish with consolidation at weekly 764 fib level. Prev 4hr closed bullish breaking 1hr resistance, Just had a retest, anticipating a bullish move at nyse open. Considering GBP bank holiday this may suffer from lack of volatility.
Previous 2 sells got clapped, looking to make one last attempt at catching the down move. Previous weekly closed as a strong bearish rejection. Expecting the swing high to be respected and sells to occur around 162.180. If this level is broken then bullish pressure ensues and sells would be invalid.
Price tested 161.500, weekly high made. Now expecting a bearish continuation of weekly trend, prev week was big rejection. Wedge broken on 15min tf. This could swing down to 158.000.
Price very overbought. Prev weekly closed strong bearish rejection. 4hr rejections off 161.000. Sells all day.
Gold previous weekly candle closed strong bullish. Current weekly candle moved bearish during asian and london. Found support at 764 4hr fib zone which is also the third touch on 4hr tf trendline. Anticipating this to be a higher low on the higher tf to make a higher high later this week. Double bottom on the 15min tf gave confirmations for entry.
Price retested a 4hr level at 1946, also 764 fib level. Price dipped below 1950 to grab liquidity, anticipating the weekly to close bullish after a rally up into 1960.
Price rejected 75000. key psychological zone, very overbought, weekly supply zone. Safer entries or scale in below 0.74500.
Price is currently at daily fib 88 zone, currently made support on the 4hr timeframe. If price closes below 0.74530 4hr support on the 1hr timeframe il be looking to sell. Price is very overbought and is due a retracement, also divergence on the 4hr tf indicating bearish pressure mounting. Maybe USD Crude oil news later will be a catalyst for the move.
Price tapped into a daily resistance zone, looking left on the weekly there was significant consolidation here too. 15min tf showed fading bullish momentum, anticipating a retracement to 1.31600.
Gold is at daily support, 88 fib zone. Created a range and broke below but struggled to move down further. and found support. FOMC was not great for the dollar with inflation and economic risks remaining. Price oversold and expecting a retest of 1970.
Price has been bearish for 3 consecutive weeks. Currently at a massive weekly zone and near 1.30000 psychological level. Prev 4hr printed bullish , currently forming inverse head and shoulders on the 30 min tf. Buys taken to catch the move up.
Price overextended to the downside, and broke the previous weekly low clearing all buyers. Giving longs another go based on the same reasons as the last idea.
Price is oversold, there is alot of liquidity sitting above the triple top on the 2hr tf. Price currently at 768 fib zone and anticipating a push up with NY session. NFP today so things could get choppy but this is the best zone to take buys.