Fibbo H1 indicating north but the movement will be limited as all large TFs are in sell signal. Provided BB44 and 50% levle both are at 1739 making a strong resistance. So a HRS is at 1733 MRS 1736 and LRS 1739 with a SL above 61.8% level located at 1745.
Fibbo H1 indicating south provided BB44 and 50% level is just above the price serving as resistance. A MRS is located here with a SL above 38.2% level. If a price gets under 61.8% level it will confirm more of a south movement and vice versa.
DO NOT TRADE TODAY ON FRIDAY 08 JUL 2022 " NO ANALYSIS" I AM CLUELESS There is something wrong went in the charts. As there is an inside war going between Candle stick patterns, Indicators, momentum etc etc everything is in conflict with each other. Basically there is no synchronized movement that can lead to a work plan.
Fibbo H1 still indicating north but rest of the indicators, chart patterns are more into south. A possible bear flag has formed and may activate at the start of the session. Provided price has gone further deep under the wall 1778-83 now bulls have last hope at 1723. So for the session a MRS is around 1738-43 but with a stop loss of 100 pips .i.e. above 1753. Rest...
Fibbo H1 indicating north but as on major grounds price has lost bullish momentum provided The Great Wall 1778-83 will be serving as resistance. To test the wall price needs a spring jump from 1753 or maybe 1723. These two positions are also last hope for the bulls or else we will be visiting MACRO FIBBO 100% LEVEL AT 1673. For today it is advisable to find a sell...
Fibbo H1 is now indicating south direction. Only H1 and H4 Tfs were sending buy signal but now they are turning towards sell signal. Now MRS is in 1808-1813 zone with SL 1816 because if price crosses this number then again it might test 1818-23 where Sma200 is waiting to resist. However there are only 33% chances for this test. H1 TF is forming Bear Flag and H4 is...
Independence day in USA. So market will close with UK session end. Fibbo H1 is indicating north and has already covered half of the way and only H1 and H4 TFs are indicating buy but the travel will be limited as 100% level is well guarded by Sma200 at 1818-23. So a MRS is located at 1818-23. However a HRS is also located at 1808-13 zone with tite SL of 30 pips....
Fibbo H1 indicating north and even tried to spike up to reach top level 100% but unable to do so and made higher lows visibly seen as two towers in two days. As a result of huge spikes this week. I see HRB at 1803-05 with SL 1798 as if the price tests below 1800 then more chances are for a decline. I WILL TAKE THIS HRB DUE TO FIBBO AND THE US DATA THAT CAME...
Fibbo H1 indicating south and the candle pattern is in formation of a bear flag. Secondly BB44 mid band is still guarding 1818-23 area and is way apart from Sma200 which is at 1828-33 area. So a MRS is located at 1820-23 area with SL at least 1826. Still keeping tite stop loss due to huge spikes already alerted and we have just experienced it yesterday. In H4 BB44...
Gold ban! what a joke! Fibbo H1 indicating north but still BB44 mid band and Sma200 is successfully guarding it and the space between them is increasing day by day. This time price has reaached almost at the edge of 0.0% level so a MRB is located at 1818-23 with SL 1815. I call it Medium Risk Buy because price has not closed under 1818-23 and for the sake of...
This whole week is going to be a new challenge every day. Day one ended successfully. Lets C what Tuesday is bringing for us. Today Official announcement is expected by G7 that might make the Gold highly volatile. Okay, as per Fibbo H1 directing south and the price have already made 90% of the travelling towards the level of 100%. What is Next? This 1818-23 is...
We are under a tornado! My mind says buy and my heart says sell but my experience says " NO WAJID" Keep out! at least do not trade this week. At W1 TF of my chart there are two parallel trend lines in each direction ascending and descending. Price is in between them. To ascend and move it needs to cover 1868-73 and to descend 1803-08 If we see economical effect...
Fibbo H1 indicating north but there are several strong resistances serving at one point 1833. fibbo 61.8% BB44 mid band and Sma200. A MRS at 1828-33 zone with a SL 1837 is located. Buying from 1818-23 is not advisable as H1 H4 Stoch indicating sell signal provided D1 is under Sma200.
Simply wait for the price to make a top at 1848-53 then look for a medium risk sell or bottom 1818-23 to enter as medium risk buy.
So as for now fibbo H1 again looking at north but this time station has decreased from 1856 to 1846. Subsequently reducing the chances of bounce back as price has penetrated 1828-33 zone. This time MRS is around 1833-38 with a SL 1844.50 just above immediate prev high 1843.57. Same position after this entry no matter get he SL or TP at 50 pips. I w ill wait again...
A jump from fibbo H1 1833 is possible towards 1843. As price is near 0% level of fibbo and and the indicator is aiming north. However there are several strong resistances that can limit the movement towards 100% level at 1856. Fibbo 38.6% and 50.0% levels themselves plus they are containing Sma200 and BB44 mid band too. A medium risk sell is within 1838-43 zone...
Fibbo H1 indicating south direction to test 1818-23. A wick with price closing under BB44 mid band and Sma200, who would not like to sell here? I will take a MRS around 1838-43 with a SL 1846 above immediate high 1844.86 with tp for 50pips. Others can hold by taking 50% TP and placing SL at price to check it might also test 1808-13. Set your lot size according to it.
With that off Fibbo H1. We have to look again at the surroundings in large TFs to get the nearest price action. These circles marked here indicating a huge decline like water fall. A high risk sell with a Stop loss above at prev immediate high 1858.92 is advisable for this entry. If broken then a test 1868-73 is more likely to happen. There are so many supports...