djhopssy

djhopssy

Gold is looking bearish and i see more potential movement downwards to 1937 as the sell objectives. Due to the rejection of the zone around 1974.000 Trade cautiously and apply proper risk management!

djhopssy Updated 

The 1.75091 resistance level on GBPAUD has been a solid zone so far, as it has withheld series of price spikes and test but I see a break of the zone this coming week after price closed within the zone last Friday. We look for buy opportunities around the zone for an 100pips buy up to 1.76000. Trade safely guys!

djhopssy Updated 

A new pair is on our watchlist for this coming week… Here we have GBPCHF! A bearish flag formation plus a breakout occurred last Friday so we expect the continuation this coming week. We enter the market after we see a bearish price action confirmation around the retest of the breakout for a sell. Trade safely guys!

djhopssy

Inner trend line price bounce spotted on GBPAUD which might mean the big move upward is about to start. We wait for a bullish price action confirmation after price breaks above the 1.75056 zone to enter the market for a buy. Trade safely guys!

djhopssy

All paths now clear for GOLD to head down to the next support/psychological key level at 1800 after price broke through the support at 1832 that has been keeping price at bar for two days. So I expect a push downwards after price comes for a retest of the previous low it broke! We enter the market as soon as we see a bearish price action confirmation candle stick...

djhopssy Updated 

GBPAUD just made a third touch attempt on 1.75056 resistance area so let’s see how it pans out from here! Would’ve entered for a sell but GBP CPi data news comes up tomorrow morning by 8am so we have to be careful but right now it seems technical is kinda aligning with fundamentals. We will enter the market once we see a bearish confirmation price action! As...

djhopssy Updated 

Gold just broke out from the 1857 support zone after price escaped the bearish flag formation albeit with the help strong CPi data news on Dollar today. I expect price to continue down to 1800 (Psychological key level). We enter the market once we see a bearish price confirmation. As always, we react to what we see in the market! Trade safely guys!

djhopssy Updated 

Our setup on GA from last week is still very much valid coming into this week, price still finding it hard to break through the inner resistance around 1.75045 with price forming a double top on 4HR timeframe and a third touch rejection on daily TF. I expect pice to respect this formation giving that it gave us a bearish engulfing on daily TF last Friday. Price...

djhopssy Updated 

A bearish flag formation appeared on Gold and i'm guessing we all what that means as a trader. So i'm expecting a further fall on Gold provided DXY (Dollar) continues it's bullish form. Trade recoomendation: Watch for selling opportunities around 1873 TP 1: 1832 TP 2: 1810 TP 3: 1800

djhopssy

I predicted Gold massive fall weeks ago but it didn't happen until last week after a strong FOMC and NFP data for DXY. I expect the fall to continue to 1800.000 which happens to be a psychological key level. Trade recommendations: Look for a sell option after price retest to around 1877.245 the former low it broke on Friday TP 1: 1832.591 TP 2: 1800.000 DON'T...

djhopssy

If you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price...

djhopssy

GA bounced off the demand zone of 1.73410 last week although i won't be surprised if price comes back there to form a double bottom on 4HR timeframe for a proper testing of the zone before the major move upwards to 1.74919 (TP 1) and 1.76357 which will be my final TP and also happens to be 50% FIB level. The overall trend on GBPAUD is sell so the buy i'm taking...

djhopssy

GU has been going sideways for quite sometime now but i expect a clear direction move due to the fact that we having series of major news coming up this week with FOMC on Wednesday and NFP on Friday. With that being said i expect the my technical analysis to align with the fundamentals which means i will be shorting (Sell) GU. Price tested a major resistance...