AU NY trade, looks good to long until resistance higher up. DXY looking weak. Bare in mind CPI
AUDUSD Trade over NY session, should move up here to next resistance.
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are definitely looking bullish this week as AU is in an active long position. Most likely price action will push to 0.68500 resistance before reverses. If we get an opportunity to re-enter we want to ideally ride the bullish trend and look for confirmed...
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the: *price is going up, it means BTC is stronger than XAU *price is going down, it means BTC is weaker than XAU After strong initial impulse down the pair...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: We are looking more bearish as of recent but i am not 100% convinced. Ideally we can spot some more bearish confirmation below our 0.67000 zone to then enter short. Look for price action to consolidate and establish a larger presence below 0.67000, when we can...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish again here on AUDUSD as this large wedge pattern continues to form. Technically this chart is in an active trade but we will keep looking for rejection from our 0.67000 support zone for further long entries. If we see a retest of 0.67000 with...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking very bullish on AU and we can see a wedge pattern forming at this recent high. Going into this week we’re looking for the bullish trend and pattern to continue. Ideally we see some good rejection off 0.67000 support and can target higher...
This was also very experimental, not a trade I took. Just a forecast I had and a trade Idea I place. The price had rejected at the blue square quite a few times and this rejection was usually instant or very impulsive. So I would have placed a buy limit (because price was lower than the entry point I would've had). It triggering and further pushing down, recons...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are looking bullish on the daily timeframe and 4hour now as price action continues to push higher. Currently, price action is resting just above 0.67000 which we broke at the end of last week. Since this is our key zone we’re looking for reactions to decide...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are still very bullish but price action has been consolidating near our 0.67000 resistance zone. Going into this week we want to identify structure before getting into a trade. Ideally we see price action retrace to 0.65500 and confirm a higher...
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone. Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500. Ideally, we can...
This was my analysis and resulting forecast a while back, and I appreciate that because I do not know this pair (Studied It). It has showed me that in order to understand it I cannot come with the same mentality as where my pairs I focus on everyday. So I take the lesson and add to my book of learning and sharpening
AUDUSD Beaish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We have experienced some high volume last week which leaves us with a difficult chart to read this week. Looking at the chart we can see that overall we’re bearish until we see some structure above 0.65500 as that is where the last 4hour high plummeted from....
AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low. Look for strong bullish rejection and target higher toward 0.65500 Trade scenario 2: For us to see AU as bearish again on the 4hour...
Top chart is gold price corrected for inflation with base month being the current June 2022. This means that it is only valid for June 2022. We see that gold hit the same inflationary ceiling as 1980 and 2010. Even though the nominal price has risen, making new highs, the real value of gold against the dollar remains below technical resistance and is now...
Look at this chart.. buy side liquidity resting above those relative equal highs.. price will sweep those liquidity, leading inducement to the 4h supply zone and then breaks the weak swing low..
AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AU saw some bullish movement at the end of last week and price action is now resting near our 0.64000 resistance level. Price action did break a significant level and pattern but i’m not convinced we are bullish yet. Ideally we can spot structure above 0.64000...