Astrofx
Possible GBP/JPY Scenario, via 4 Hr ChartAs we can see, price has broken out of December's descending trend line. Price eventually found support at 142.940. Right now, it's in a small bullish flag. If price breaks out of that flag, it shall go further til it reaches that level of supply. Will it show rejection from that supply level or break out and retest that level?
Possible Gold Scenario, via 4 HR ChartWhat we can see here is that price has been showing rejection from the major key level of 1593.70. Not only just that, we see multiple rejection from that zone between 1546 and 1562. Recently, price has broken out of early February's descending trend line. Will price reach that major key level resistance and show a possible rejection or break out and retest that major key level?
GBPNOKFOREXCOM:GBPNOK
I will continue to post thought -out analysis.
1) The outcome candle (purple candle) liquidity grab on a retail pattern printed by smart money.
2)Outcome candle falls between the green zone (.786 - .886 Fib levels from the weekly bearish candle)
3)Take profits below a retail support level
4) 8:1 ratio trade
XAUUSD POTENTIAL BULL RUN?This chart on the daily looks so juicy for a buy and as my confirmations line up i look at seeing if price will either go up to mitigate or fill imbalance, if it does so will we see a reversal happen or a change of strong direction?
Maybe, thats why we trade with a stop loss
However we cant ignore the fundamental factors going on right now within the eurozone and US China let alone Brexit.
I see a bullish run which may potentially be a swing trade. once i reach 50% on my fib zone that will be 100+ pips, I will take partials and move my stop loss into profit and again also at the green line labelled in the chart.
i go over my analysis in more detail in my video.
youtu.be
Lets see how this plays out with a low risk trade of no more than 2% of your account balance.
Every day is money day, secure the bag and stay blessed.