I'm looking to go short on gold once it comes to one of the 2 major resistance points.
(Monthly/weekly shows bearish confirmation that the trend has changed from bullish to bearish on the 4h/daily timeframe.)
Looking out upcoming week for USDCAD to retrace upto one of my two zones. Then continue to break the weekly resistance we bounced off last friday (nfp)
AUDUSD switched from a bullish to a bearish trend this week, by making a lower low. Now, price is probably forming a lower high near my zone.
SL above the wick, TP is the previous LL
Bearish Structure remains intact. USDCAD tapped my zone to get liquidity and drop lower. 1H candle closed bearish, so I entered short. TP is previous low.
1323 was a strong level. Last friday price shot up from there with some good momentum. Now it retraced back to support and looks bullish again. SL under the wicks & 1323 level. TP is previous high of the week.
AUDUSD left a doji on the daily candle, so it left me a clue a higher low had formed. I waited for more confirmation on the 4H chart and looked for a retracement to enter. It never really retraced much so I entered with a smaller position to be sure i caught the trade.
Audusd broke resistance and made a small retest back to that resistance (now support). Now aiming for the next resistance.
Price is forming a double bottom on the weekly and an inverted H&S on the daily. On the 4H is still believe the trend is bullish.
GBPUSD made a lower low , retraced back to its previous High. Now im looking to short GU to the 1.2800 area after a couple of daily wicks that were created (rejection).
SL above the wicks it created on the daily.
Overall trend is down. Price retraced to make a possible lower high, 4H Spinning top was printed and on the 1H a double top formed near the resistance level
TP is previous Low that was formed. SL above 4H spinning top.
The daily Doji at the support zone gave me the trigger to look for longs.
On the 1H a triangle formed and eventually broke out, left a strong bullish candle. That's where i entered longs.
SL under the latest Low on the 4H
TP is the next zone/resistance
I have 1 runner open to go to the 112.2 region
Short usdcad, price is unable to breakthrough daily zone. So I'm looking for some downside
On the 1 hour price made a LL then went up to the previous High. So that's a possible Lower High for me.
Only thing that bothers me is the market structure on the 4H (head and shoulders pattern)
Gold long because it broke a strong zone 1315, target is next zone. Sl under the zone.
Gold is making HH and HL on daily TF, so im trading in line with long term trend
