UPDATE: For the ones who asked about XAU/USD - Gold currently retracing to an area of interest. We will patiently wait for the right long signal to print on the chart.
Price decided to break the previous lows and make its way south. Orders will be waiting at the respective fib levels marked on the chart. If that's the case, we are witnessing a change of structure.
FB as today had attempt to climb up again without success. For options/stock traders, this represents a nice opportunity to wait and react. Lets see what the next days ahead brings to the table.
The Cable hinted us its continuation bearish behavior few days ago. Short was taken and now close with profit. We wait for our signature retracement, if any.
Patiently waited for the trade to progress. PIPS were capture and now at BE for the 30% left of the orders.
As response to your questions and a Follow up from previous entry. GJ has remained static at our level trying to decide if the journey to the south side continues or time for reversal. If the level breaks, a great potential to capture many pips. SL not moved.
The kiwie failed to reach new lows. After its long run it halted and consolidating now. It broke minor levels of bulls tenure but in general the long trend is intact, UNLESS the bears break the line of BULLS defense - horizontal blue line.
Price is approaching rapidly a strong Daily Level. Either will break it or bounce from it. If succeed, then we will see more bearish action. So far the bears have defended their land in the sand successfully. Point for the bears.
The Loonie may have run out of its bearish steam. It's been falling since March, not able to break the lower zone not twice but after 4 attempts. Now is moving up towards the line of defense of the bears.
As a follow up : USDJPY on a current bearish pressure. Waiting for a more clear indication for another ride to the short side. The horizontal RED line is the Land in the Sand which bears have kept price shy of breaking that level. A break above that line would most likely change the bias.
EURJPY after showing us a decisive short pressure and at least 2 short opportunities to entry, it came down the 50% Fib Level of the large long move. Now, it seems to losing its bearish steam. Still bearish bias until the bars show us different
This pair is in the process to hold up at that level marked in blue and take its journey to the long side. The next few bars will paint a better bias to proceed.
NJ reached our previous bottom zone. We placed a short on the upper level and wait for price to go with the trend momentum. See our previous post on NJ Our Target Price profit 1 reached in less of a day. We expect price to retrace before breaking the actual level.
NJ still showing some formations to travel south. Patiently, waited for the return to the Fib levels in order to short it again if formation holds
Take a look a the range where BTCUSD was trapped weeks before (the one on the left). Its similar to the one we are experience up to this current week. Also, take note of the days it took before leaving this trap zone. We'll wait and see.
GJ retracing from its previous short move. The oval marks the spot where we want to see some candles to print to give us more clues for a continuation to the downside.
Price did not reached the previous high, not even projected Fib level. Now price traveling south as indication of less bullish pressure. The structure may be switching to a downtrend as we see it.
The EURO retraced to the established zone. The short position was covered in that area. Expecting a continuation of the previous bullish movement.