Gold continued falling, moreover, the move was supported by increased volume, which is a good bearish signal. Unfortunately, volume was spread throughout the chart, so we can't point out a specific level, but anyway, we should give preference to short positions. We can enter the market after a smooth upward correction to get a better entry point and, as a...
The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for...
The price grew up strongly as suggested and broke out the previous local maximum. Also we need to point out the level 1.2519, where the fixation of the price was. So now we should consider long positions. We can enter the market after a smooth downward correction to get a better entry point and risk/profit ratio. A stop loss should be placed below the level...
The Yen fell down, then grew up and is still trading in the local consolidation below the resistance 113.20. So nothing has changed here and we still should consider opening long positions after a breakout of the resistance level. A move should be sharp and on large volume, so it will be a more accurate signal. A stop loss should be placed below the breakout...
GBP/USD fell down yesterday and broke down the lower boundary of the consolidation. The move was abrupt and on large volume + two new resistance levels were created. The first one 1.3184-1.3204, the second 1.3124-1.3145. Both levels contain increased volume. Given all these facts, we should consider exceptionally short positions. We can enter the market after a...
Despite the fact that the price remained trading in the local consolidation, it is necessary to note a fairly sharp fall of gold on fairly large volume. It is also worth highlighting the new volume support level 1272.20, which was formed during this downward movement. In addition, this level is the lower limit of large volume accumulation, which is concentrated...
The downward correction for this currency pair has stopped and now the price is trading in the local consolidation above the support level 1.2404-1.2428. So now we need to wait for a resumption of the growth and then we can open long positions. A stop loss should be placed below the support. A potential of the growth is 100-110 pips. The bottom line: long...
USD/JPY - moves unpredictably, as the price falls down, then grows up and all these moves are on small volume. But overall, it is locked in the local consolidation a little below the level of resistance 113,20. So that our previous scenario remains the same: due to the strong uptrend we should still give preference to long positions. We can enter the market after...
GBP/USD - The Pound is also trading in the consolidation right now. We need to point out the presence of large volume accumulation in this local range, so the exit of the price from it will be a great signal for entering the market. Given the local downtrend and the location of the price near the lower boundary of the consolidation, we should give preference to...
Gold stopped its fall and started trading in the local consolidation. A pretty large volume accumulation is located in this range, so it is better to trade this instrument after a confident exit of the price from it. Given the local downtrend we should give preference to short positions. We can enter the market after a sure breakdown of the local minimum. A...
The price is still trading in the local consolidation, where large volume is concentrated. Also we need to point out that volume on the market is very small, so we can't highlight any new volume level.That's why the best decision will be just to wait until the price comes out from the range and only after that we can consider opening new deals. The bottom line:...
The pair corrected down yesterday, but the move was on very small volume, so that we can't consider it as a reversal signal, so that long positions are still in priority at the moment. We can enter the market after a stoppage of the correction and a resumption of the growth. A stop loss should be placed below the support 1.2404 - 1.2428. A potential of the deal...
EUR/USD The local downtrend for the Euro continues as the price broke down the lower boundary of the previous local consolidation. The fall was quite abrupt, but unfortunately it was on small volume, so we can't point out any fresh volume level. It leads to the absence of the place for a stop loss. That's why we need to wait for the appearance of increased/large...
GBP/USD The Pound also fell down and broke down the previous local consolidation. Despite the confident downward move, which is a good bearish signal, volume on the market is low, so we can't highlight any new volume level or zone. It makes trading the Pound more difficult as there is no a good place for a stop loss.That's why we need to wait for the appearance of...
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
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