YerwantKansabedian

YerwantKansabedian

Simple Analysis: -Daily Price is moving between the wedge boundaries -We're at daily support and price rejected the area again -Wait for price action confirmation to buy -Target Fib level 50-61.80%

YerwantKansabedian

-Weekly and Daily Timeframes are still bearish -4H timeframe recently flipped bullish -Price came down and retested the previous resistance area creating a new higher low -Retest at confluence zone at Fib 50-61.80% -Potential buys on gold after we break the previous high (Above 1816.500) -Best entry would be after breakout and retest at 1814-1816 area -Possible...

YerwantKansabedian

Daily timeframe is bullish as we didn't break our previous low 4H timeframe is bullish as we didn't break our previous low and made a new high Based on the 4H chart, Gold will come down to retrace our Fib level around 50-61.80% where we also have a resistance/support level (look left) So personally I would wait for a 4H buy signal confirmation around that area...

YerwantKansabedian

Top-Down Technical Analysis: (Similar to GBP/JPY) The monthly time frame shows a strong bullish signal as it is sitting on a very strong newly created support Weekly also is bullish biased rather than bearish as this week's candle broke the high of last week's doji (indecision) candle high and never broke the low Coming to the daily time frame we can...

YerwantKansabedian

Top-Down Technical Analysis: The monthly time frame shows a strong bullish signal Weekly also is bullish biased rather than bearish as candles are making higher highs and higher lows Coming to the daily time frame we can clearly see how the trend has switched from bearish to bullish as soon as we formed a double bottom and broke the previous lower...

YerwantKansabedian

So here is why you should short GBPCAD: -Downtrend -Fib retracement at 50% level -Falling wedge (we are currently at its topper length) -Bearish Engulfing candle -Moving averages crossed -High sup/res zone (orange line where candle closed bearish)

YerwantKansabedian

M1: We have an ascending triangle (Bright green line) W1: We are in an uptrend We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards D1: Uptrend (Again retracement at Fib 50%) Inverted H&S which we broke through Price has been consolidating for a while BUT waiting for the bounce at the 111.711 price level...

YerwantKansabedian

FX:GBPUSD W1: We were in an uptrend (red trendline ) which we broke and now acts as a resistance level D1: Again we were in an uptrend (orange line) ..again broken acting now as resistance We also have a descending triangle which is about to break and a DOUBLE TOP pattern (still neckline not broken) H4: We have a triple top (at the above green zone)...

YerwantKansabedian

D1: Descending Triangle (orange lines) H4: Triple top (blue line) at fib 61.80% Waiting for structure break to short my position MA's cross and going downwards TP1 1.29860 (lowest blue line) ...if structure breaks! TP2 1.29419

YerwantKansabedian Updated 

W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib...

YerwantKansabedian

D1: Uptrend (orange lines all refer to D1) 4H: Uptrend (blue lines all refer to 4H) As you can see we already have hit our tested Resistance level Which is also a whole number level (red dotted line) So from here we have a sell opportunity On lower timeframes you can see a lot of dojis/shooting stars etc... So we sell (counter-trending) and set our T/P in...

YerwantKansabedian

D1: -Rectangle pattern 4H timeframe: -Uptrend -MA's crossed already -We wait for a retrace/pullback at Fib level 61.80% -61.80% also a significant trendline level -A lot of confluent zones Now we have to wait for a buy signal !!! Also keeping an eye on that rectangle pattern

YerwantKansabedian

So as you can see on the 4H timeframe we are in a downtrend and we have a retrace at fib 38.2% At this specific point...we also have a DOUBLE TOP pattern formed So we wait for the break of the structure and short our position after a retest! On a smaller timeframe (15-30M) we can also spot a rectangle pattern formation we have a confluent zone between the...