Hello traders, There is a battle going on between the Bull and the Bear. So what is my expectation or what does probability say for upcoming week trades? Lets begin. We saw a massive impulsive downward move from a key order block last week including positive GDP and Unemployment claim as well as FED raise their rate. On Friday, Core PCE news came neutral in...
What's next for GOLD? Price has completed all its 5 waves so far. Today after positive unemployment claim price began to fall. Will this fall continue? As I have mentioned before price will be Bullish till 26 July and I am still with this statement. Price will execute more orders at the zone (1977.890-1984.695) and fall to zone (1945.840-1955.670) or the zone...
In 4 hour chart we can see a bearish momentum is continuing from the MAJOR CHOCH ORDER BLOCK (103.383-103.910) after getting all the liquidity of the inducement level (103.143-103.337) but now the price is near the MINOR CHOCH ORDER BLOCK (102.006-102.212) The price may pullback from this zone and get more orders from the new order block (102.950-103.184) and...
As we saw from my last analysis the GOLD has broken the neckline of inverted head and shoulder and started a bullish movement. A poor CPI let this happens. So where will be this precious metal next destination? In 15 minutes chart, GOLD has completed the wave 12345 and did ABC correction. C zone (1955.335-1957.310) looks like a buyers interest zone. Price may...
Weekly chart break down: 1. Price is currently near at inducement level (1.31200-1.32988) 2. It will break this zone and move towards unmitigated BOS order block (1.35323-1.37489) 3. Then fall towards CHOCH order block (1.11468-1.13749) This is what I can see from GBPUSD weekly chart. I will wait for the price till reaches that unmitigated zone before price...
Possible scenarios of OANDA:XAUUSD : Either it will go 2000+ by holding its Impulsive 5 (White) Or it will drop to 1870 by holding its Impulsive 5 (Yellow) As we know FED has announced they will look for double interest rate hike if the inflation will not come under control so we may see a bearish momentum continues. All depend on the 26 July FOMC meeting. I...
OANDA:XAUUSD price tried to break the key level of 1940 but failed again. In 30 minutes chart we can see it has made a new Lower High in stead of Higher High. A minor change of character happens. Price may move up to the Minor CHOCH Order Block (1938.265-1940.280) and grab all the liquidity inside the Inducement zone (1929.420-1930.805) from dropping there. A...
One EURUSD fall can lead a 250+ pips. Price may drop from the unmitigated order block (1.09798-1.10037) A drop to this zone (1.06618-1.06828) can be possible.
Either the price moves back to the ZONE (0.67880-0.68046) and fall to the ZONE (0.64583-0.64944) Or VICE VERSA
In 15 Minutes chart there is a probability price may execute more orders from Minor CHOCH Order Block (1926.775-1928.155) and come back to the Major CHOCH Order Block (1912.155-1914.645) to take more orders and start the bullish move. Related Idea:
XAUUSD UPDATE: Gold has a pending order block at the zone 1924.435-1927.545 Meanwhile there is a premium zone if we see through FIBO (1922.709-1928.137) So these areas are the most attractive for sellers. More high impact news are coming so fundamental may change the scenario. But I expect a sharp fall towards 1895 zone.
Recently we have seen there is change of character in price move but it has not mitigated its order block (0.66186-0.66243) Price may come to this zone and make a sharp move towards 0.67160-0.67210 Currently price is in a symmetrical expanding triangle. A break down of support line of this triangle may happen soon. If you agree with my idea please give me...
As we can see in daily time frame price was making HL and HH and completed all its Elliot Wave 12345. Then we can see price has made Elliot ABC correction and from B price came to the discount zone but failed to make new HH. In stead of making new HH price was dropping from the premium zone giving retest earlier breaking of Elliot Correction C and A. Currently...
We can see in day chart Gold has made all three Elliot impulsive Waves with two correctives. After completing the waves, Gold has done Elliot ABC Corrective wave and tried to make support at C but failed. As US economy is having positive signs and dollar is strengthening day by day, I think Gold is going to start the Bearish movement. In long run, gold may...
I believe USDCAD has made a BULLISH WEDGE pattern in day chart. As sterling is strong at the moment so dollar will fall next few days which will lead us to short on USDCAD till it retests its wedge pattern. If it does then I can see a Cup and Handle pattern is going to happen and then we can long this pair for a good outcomes. Thanks. Happy trading.