faddy

faddy Updated 

4hr chart on GJ shows a potential double top, with a smaller structure double top on the first leg, price has now broken the support of 168.580, and is currently testing it as a resistance. Smaller time frames show shapes for a sell, so I anticipate a sell on this market. I will wait for the 4hr stick to end so I can make a better decision on the pair. My earlier...

faddy Updated 

As you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance. The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the...

faddy Updated 

GJ has formed a double top structure on the 1hr chart at resistance @ 168.580. If the current stick closes red we going down. Confirming the earlier analysis of 4hr double top and retest under resistance. Just observe the trade and see. Price always returns to the 200ema(white), lets test the theory, maybe today or tomorrow we should get there P.S GJ is Bae

faddy Updated 

Price has finally broken below 1643.055 after being in consolidation all week, price broke through, came back up to retest, and gave an engulfing going short on the 30min time frame, we should see shorts now

faddy Updated 

Price has made a retest, on the 30min, 1hr and 4hr..we will go up more

faddy Updated 

The daily time frame seems to be painting a skew double bottom, as price did in the 4hr time frame on the 28 September for the midweek reversal. Price could go up strong from the current zone that its in, or it could come all the way down to test 154.756 to confirm a very big double bottom on the daily to give a strong push up. We are at a critical zone now, so...

faddy

Last week, I showed the possible double bottom that former on the 4hour chart, market typically moves in 3levels, on the 28th September, we had the second leg of the double bottom, price pushed up since then. Sometimes after a 3 level push, interday trading, we either have a reversal, or a continuation. On the smaller time frames, we have gone up 3 levels from...

faddy Updated 

As you can see, GJ made an early move up this morning. After breaking through and retesting last week's market level of 166.945, also the blue line which is the channel that price was trading in the 4hr chart. Price gave a perfect retest on the 30min chart and the 4hr chart, the 4 hours being a stronger time frame which means stronger confirmation of retest. Price...

faddy Updated 

We have not been to this zone since August 2016, and right now there are no structures to the left to stop us from going there. Ifwe get a bigger time frame retest, we could push there before the end of this week. If we get there and break it, we will go up even further. GJ is now pushing up as aggressively as USDJPY is, which is currently breaking record highs.

faddy Updated 

Price is finally at the zone I have been waiting for since Friday, it has now broken that resistance and on the smaller time frame of 15min we can see the retest. If we close bullish engulfing, we could go more up..Price can also go up on the higher time frames, and then come back down to test this zone, and either breaking and going down, or confirming another...

faddy Updated 

Gold has a possible double top at resistance on the 1hr chart, to continue the move from this morning. The 1 hr seems to have retested the ema, we can continue bearish if the next stick ends red

faddy

Sorry guys, I didn't post today, but caught a cracker gold sell. I would like to give a small insight to how I look for sniper trades, especially in London open. If you look at the 2 red arrows, you will see that during New York yesterday, price made a high of the day at the 200ema, which acts as a resistance/support, in this case it is a resistance for obvious...

faddy Updated 

GJ broke the resistance of 162.545 yesterday, we did get a rest of the zone to become a support, however we are in consolidation for now, though I expect a buy to 164.3385 at least, could go higher, But I mostly trade between zones to be safe. The 4hr stick is far from support EMAs, so it is currently doing a retest also, we will have to see what price does at the...

faddy Updated 

Perfect retest on 15min chart for a buy, price finally broke above resistance and retested, its about to end as an engulfing going long for a buy signal

faddy Updated 

Looks like the market maker went to hunt for stop losses yesterday. Price formed a wide double top at the level 162.526 on the 1hr chart, As analysed, I still think that price will go down to test the low of last week minimum 156.978 to 155.736 , but we would have to break 159.644 level, retest it and enter after the retest to confirm the move.

faddy Updated 

We could see a drop on gj from a strong double-top pattern at the resistance of the 2 strong emas.. If this is a fake move, it will testsupport again and go up, however if price does respect the pattern and resistance, we can go down more even to test the low of last week..We will wait for price to break the neckline of the structure before entries, if not stay...

faddy Updated 

Gold should sell to the next zone for the continuation of last weeks reversal

faddy

As analysed yesterday, gold dropped from 1686.800, 240pips since entry yesterday. We are at a zone of support at the moment, and should see price break 1662, retest that zone and confirm sell signal before selling his pair again.