Quick review on what could happen next
More in depth analysis from previous GOLD Chart and other pairs!
Feel free to check my video and get an understanding on what I am looking for next week in the markets!
Wait for full rejection of region showed above then short it for at least 150 pips, Oil is very aggressive at the minute. But, this mild pull back from the 61.8 was expected. Huge $WTI set up for next week. As Oil approaches the 0.5 fib level on the daily with a RT and strong supply level. Expecting a lot of manipulation at this level as the picture is clear to...
Huge $WTI set up for next week. As Oil approaches the 0.5 fib level on the daily with a RT and strong supply level. Expecting a lot of manipulation at this level as the picture is clear to retail. Need to see strong confirmation in the region shown above, before considering any shorts. Caught Oil longs last week from the 52 level and will be looking to switch to...
I am liking USDCAD longs for next week, pretty dependant on the data for next week. I have listed all my reasons for longs on USDCAD. One thing I have not done is get married to longs and had a second scenario with potential sells at the high above resistance. We have a TL being used as res, which also needs taking out. I will be looking on positioning my self...
Wanting a test of 65 next week, after a small pull back. We have seen Oil continue to keep driving back towards the highs after the fall in summer. Daily is still showing room to the upside. With a high a chance of pulling back before continuing, I have found an area of value and will be looking for longs from the 63 area, if it fails to hold. Then I will not be...
Overview for GOLD - Price took an unexpected Decline last week, after a great start to the week, I feel we have a good chance to test the weekly lows before i can consider taking longs again. I have outlined my areas of value and will be interested in shorts round here. USDJPY is strong at the minute also, some correlation to think about!
Looking for shorts on GU when it is possible. I want to see the area below be broken before I enter, as the whole market is probably short right now. But, GBP headlines is still very bearish and I would like to see it continue much further. Last week we had no sudden movements like we have seen in the past, market is clearly in accumulation phase and a big move...
Looking for GOLD to show signs of reversals round areas shown above. GOLD has been on a roll these past weeks and starting from the weekly and working my way down, I have noticed a huge battle zone with various levels and potential of sell zones. Still think GOLD is very strong, but, It always seems this way until the red candle appears, be interesting to see how...
Expecting GOLD to drop next week. GOLD didn't make many moves this week at all. GOLD never normally goes 5 days with such weak moves. What does this mean? Accumulation to collect orders at such a high price. We saw gold fall a bit Friday and recovered very quick. But, still down for the day. I would like to see some profit taking from the banks with it being...
Expecting GJ to continue down next week. Brexit BS to continue and dollar strength could continue as well.. GBP had signs of strengths this week. But, in my opinion it was just normal behaviour with whipping back scaring and crushing new sellers out. We will see!
Really liking EUR longs next week, previous EU short got stopped and sentiment for last week was very bullish Imo. Not long term thats for sure. But, for targets shown on chart above. I am liking it. DXY on 4h works too. SERIOUS exhaustion and we are coming for the 4th test on the 4h TL and weakness is showing. I won't lie. DXY could easily fake out as its been...
So, EUR continues the downfall and showing no signs of heading back up. We saw an injection of buying early in the week. Due to powell's speech. Dollar did not care. It faked out to the downside the day after. Dollar also had a healthy close above 97 on Friday, closing at 97.20. I am hoping to see a 28 pip pull back into the area shown above and will be taking...