Darius
Come on EURUSD drop down !!!I am still waiting for EURUSD to give the correction from a monthly perspective. But No. He is still chilling making those small 20-50pips movement. Come on EURUSD drop down.
Oke seriously let's have a check on the analysis.
Monthly:
On the monthly the market has given us an impulsive move to the upside. Afterwards we want to see a retracement at least till the 0.382 Fib Level. The market has not done this yet. We are in a very complex correction.
Weekly:
This timeframe is in a ranging market up down up down. But still we are at weekly Supply/Resistance
Daily:
The daily has closed as a DOJI which is a good sign for shifting momentum. Therefore the chances that the market is doing some sharp moves today is very possible.
What do you think guys?
GBPUSD big short - WHY? - Supply Demand, Fib LevelOn GBPUSD I see a nice short possibility. The price is currently at the daily Supply Zone. This area is also a strong level of monthly Resistance. Definitely an area for the market to give us a bigger retracement.
As we all know the GBPUSD is super bullish. It started a nice Impulsive / Correction pattern from the monthly Support. Right now the market is creating the next continuation movements - the next impulsive. The thing is that we are at that monthly Resistance + daily + weekly Supply Zone. From here we can definitely expect a Retracement. I see it going to to the 0.5 Fib Level because we got good structure there.
Another potential returning point is the h4 Demand Zone.
After this overall bearish movements I expect the continuation to the upside. Target 1.4000
What do you think ?
Bitcoin short - 14k TargetOn Bitcoin I see the price doing a bigger correction to the downside. The last weekly candles were all bullish. If this weeks weekly candle will close bearish we may see a correction at least till the 0.382 Fib Level. But the price may retrace more to the downside. I do expect that it will give us a correction till the 0.618 Level which is perfectly in alignment with our Support / Resistance Level.
Afterwards I do expect that Bitcoin will continue to move higher.
What do you think?
Gold (XAUUSD) long and short - Top Down AnalysisHello Traders
TP hit on the monthly target as I told you over and over on my analysis. Cheers to you all.
What can we expect now?
I do expect right now some pushes to the upside and afterwards a deeper Retracement. We can see the price moving to lower to the 0.5 Fib Level taken on the monthly timeframe.
But for now I want to see a push to the upside in order to make some retracement after this big impulsive to the downside.
What do you expect?
Gold (XAUUSD) short - Supply Demand, Correction is not done!Hello Guys,
on Gold we had massive movements to the downside, but the correction is still not over, I expect that the price will now test the new Resistance and it will drop more to the downside. Target is around 1800 or even lower
What do you think?
Gold (XAUUSD) short - Will we break the Support Area?This is the question. As I told you in the last post we want to see Gold moving lower from all timeframes but we still got Support!
Monthly: From a monthly perspective we want to see the market moving more to the downside. Target around 1800-18300. Why? Because this is the Fib Level Target. The market created a huge impulsive move to the upside but we did not see a proper Retracement. We want to see it at least till the 0.382 or even lower.
Why 1800 Level?
This is a very attractive level for Institution. This is an area where a lot of buy orders are placed. So at the same time this is a target for shorts.
Correction Channel:
As we can see from the daily timeframe , Gold is in a corrective Channel. After the completion of this correction we can expect the continuation to the upside.
Daily:
On the daily timeframe we can see that the market has created a fill in the wick pattern. So we want to see at least a correction till the Support Area and this is what Gold has given us.
Trading Idea:
Wait for break and retest or push an retest to trade long or short.
What do you think?
EURUSD short - Big moves expectedOn EURUSD we had nice moves exactly like it was expected. I want to see it moving more to the downside. Why?
#1 Resistance at weekly/daily and h4 timeframe
#2 Supply Zone
#3 Market Movers are closing there long positions / they are taking profit
#4 Corrective Phase
- on the monthly we created a big move to the upside (impulsive). Right now we are in the correction Phase. Therefore we do expect a retracement at least till the 0.382. This in the are of our monthly TP level
What do you think?