Coming off some higher timeframe structure, Price seems to be losing momentum to the downside. I've been watching this opportunity for a while. See previous posts regarding Gold and looking for an opportunity to go long. Watch the comments for updates.
Double top coming in slightly lower. Buyers seem to have lost temporary control and so there may be short opportunities. I've been watching this for awhile. Refer to my previous post with the higher timeframe analysis. Updates will be posted in the comments below.
potential bullflag formation out of the 7800 level. I'm long from .77972. Forgive me for not posting the initial setup, but I didn't get to it. We're having a reaction off a smaller zone and the top of a daily zone I had marked. Updates will be posted in the comments section below.
Forgive me, but I'm late posting this idea. I'm long on AU from 0.7797 from a daily chart confluent zone I had marked up but didn't get posted. We've had a nice move out of that .7800 level and have since come up to a smaller timeframe zone of demand that's acting as supply currently. If price doesn't penetrate much from where it's currently trading, then I can...
Refer to my previous post with higher timeframe analysis below. There may be a little inverse head and shoulders pattern on the 15 minute chart forming.
If you refer to my previous post below, GJ has followed our plan pretty precisely after creating a head and shoulders pattern. It recently tagged our first area of potential reversal where I closed half of short position from 150.998. I don't use indicators for the most part, but I do reference them from time to time to gauge price momentum. There's bullish...
Potential Head and Shoulders on GBPJPY. A measurement from the top of the head to the neckline would line up nicely with the weekly zone that was recently broken.
If you see my other post linked at the bottom of this post, I was looking to go long and the news pushed it perfectly. Unfortunately, I was stopped out by the news spike. Price is already seeing some reaction ahead of some identified levels... A daily trendline,structure, 78.6 fib, and 1.618 fib inversion. I'll be watching price action the rest of the week and...
price had a strong bullish daily candle close yesterday and is coming back down into a confluence area for me. There's lower timeframe fibs lining up with a broken trendline that lines up nicely with some previous structure. There may be an opportunity for long entries.
Yesterday we saw a penetration of a previous range, likely shaking out a lot of stops/trailing stops for long positions. We've traded back into that range and have seemed to have found support off the bottom. If it continues to hold, it's possible to see a move to the top of it again. If it breaks down and out again, there's a possibility for it to act as...
Price is trading down into a level of confluence for me. There's a demand zone, a trendline, and a 786 fib retracement. There's a possibility for buyers to enter the market if we can get a spike into that demand zone.
May be seeing a small head and shoulders inside the right shoulder of a larger head and shoulders.
Potential Head and Shoulders on 1hr after sellers drove price back down to the top of the range. Still trading above that range from earlier so will be interesting to see how this plays out. Long bias overall so not a swing trade, just a potential day trade.
There are key levels above current price I would like tested at which I'd like to evaluate price for shorting opportunities. There was an excellent (I missed it) buying opportunity last night identified on the chart at a trendline, fib confluences, and structure. That may have been the perfect opportunity to go long up to the higher timeframe levels. However,...
See above for main reasons I'll be looking to short this pair. I'd like at a minimum a retracement back to the 50% fib before looking for shorts. I'll monitor on lower timeframes to hone an entry (if I feel one is warrented). Ideally we'll see a quick spike up with the news before it melts. I'll post updated charts in the comments section.
Price has broke the range and is consolidation and currently retesting the top of the range. Here are some potential pathways I see. Overall bias is long.
Price broke the 111 level and is potentially coming in to retest. Nice confluence of trendlines, fibs, and S/R lining up.