iamodus

iamodus

GJ is failing to break 151.300 level which is in confluence with previous resistance and the 50% fib. retracement level taking from the high 153.350 Also, the stochastic is indicating over bought. fundamentally with the japan retail sales printing 5.2% greater than the forecast 4.9% this morning A drop 149.500 is likely to be possible. REMEMBER WAIT PATIENTLY FOR...

iamodus

trade smart

iamodus

beyond technical analysis

iamodus

market is currently consolidating and respecting the 1742 key level so I am anticipating a drop for gold given that price have broke and retested the ascending channel and also formed downward market structure on H1 inside the consolidation

iamodus

market is currently retracing so I am anticipating for a drop after price hit the weekly key level 0.76700 which is in confluence with the 61.8% fib level taken from the previous high so my short entry will be based on market structure/chart pattern or candle pattern that will indicate short at the weekly key level zone

iamodus

chart work

iamodus

The beauty of technical analysis

iamodus

usd all the way

iamodus

beyond technical analysis

iamodus

trade smart

iamodus

Currently in profit nice inverse head and shoulder spotted

iamodus

price is trapped in range support : 139.500 resistance : 141.200 so I will be short on this trade if the the 30 minutes key levels 149.956 is broken and retested with TP 1 = 140.345 TP 2 = 139.500 Otherwise I will not trade this pair this week

iamodus

EU have been on an ascending channel in the 4h time frame so I will only be looking for a buy trade on 4h chart I identify two major resistance which are not that significant on this bias there are R1 =1.22091 R2= 1.21702 on 1h chart I identify a significant resistance turn support which is 1.22406 price is more likely to retrace mostly at 0.382 fib level...

iamodus Updated 

guy this is my view on EURUSD reply on what you think