This is my analysis on EURUSD. Price failed to create a new LL and in stead created a HH which resulted in a BOS at 1.06425. Currently waiting for price to drop to the imbalance candle (fair value gap). Once there I am going to wait for price to respect that area and go for longs.
Hello traders, this is my analysis on gold. Price is climbing up to 2355 - 2360 area. Looking to see price drop when it hits that area. A nice triple top is forming which is a nice pattern for sell opportunities. Looking to see price drop down to 2327 - 2330 area.
USDCAD, heading to a key level of 1.35800… This will be 4 taps on this level, providing a nice noticeable double top. Looking to see price react to this level and drop. If you invert the chart (alt + I) you can see a double bottom, (just for another form of confirmation). My overall target will be back down to level 1.34900
Looking at the daily time frame. Price is currently retesting the neckline from the daily double top. Looking to see price fall down to 38500. If you agree please like this post.
As long as price continues to stay above 1.07175 then we can see price move up
If we can get price to close under 1.09600 then we can see a nice movement downwards (double top) , the dollar has a nice double bottom forming as well which is a good confirmation of the bearish move. But, if dollar breaks above 1.09600 then we can see a movement upwards
Just a little analysis on US30.. Price broke above 35100 and now we are looking for buys to the next area.
GJ is looking real good for a continuation upwards. Let see price retest either 184.775 or 184.300 to 185.800
Price broke above 1.44900... Currently waiting for a retest of this price and will be looking for buys to our next price at 1.45500
Looking for shorts. Price formed nice double tops on the 4hr 2hr and 1hr. Looking for price to fill those wicks. My TP is set at 147.500... Let me know what yall think about this analysis down below.
Hello traders, this is a quick video on what is happening with gold right now. If price breaks above 1932 we can look for buys to 1948, or if break rejects 1932 then we can look for shorts down to 1912
Looking at price. Looks like a double bottom is forming. Waiting for price to come down to 1911.500 and see if we can see confirmations for buys.
Hello traders, this is my reasoning on why I took a long position on SPX500. Daily closed above 4280. Price also broke and closed up a downward trend and created a nice 2HR inverted head and shoulders. I am looking for a price to come up to the gap that is open.
Currently waiting for price to head up to 15438.00. Once price reaches this area, then we can look for confirmations for a movement downwards.
If you like to take entries aggressively, you could of gotten in at 1.81000, but if you are patient, you can wait for price to retest 1.81000 and look for buys then. I am currently waiting for the next 4 HR candle to close and see from there if we can get a retest before taking any long positions.