Following MARKET STRUCTUREfollowing market structure. if the market breaks my trend line I'll jump in on sell. if it retraces pass my 88.6 I'll jump in a buy!
please give me feed back!
Foreverinprofit
XAU - Gold ( Target 1790 - 1800$ )// Normally don't trade this pair
// ( Target 1790 - 1800$ )
// But Just Broke Key Monthly Resistance
// CFTC Commitment of Traders Report : www.cftc.gov
// A Boatload of Long Positions 6/23 Report
// Will Update Next Tuesday on New Report
S&P500 and US30Friday was One for the Books!
// I hope everyone ate off this.
// Strong Bear Engulfing on Daily Chart.
// Broke POC ( Point of Control )
// New Report on ( www.cftc.gov )
// Speculative Traders and The Big Boys ( Hedges , Asset Managers etc etc ) Non Commercial have MORE Short Positions Open as Of 6/23
DAILY CHART downtrend before continuing to upsideBEEN A LONG TIME
hope everyone is safe
i send my energies and love
im anticipating GJ to go down passed the level i have marked off
before we see any potential rise
with all the chaos oing on in the world right now
and this consolidation that has been loading for a while
i hope for us to see some nice downside entering into next week
few indications have led me to this conclusion lets see how it plays out
GJ 145.000 area POTENTIAL STRONG BUY as i stated before
seeing the charts a bit more clearly
we should see some upside
as theres a fresh one hour chart uptrend over the last little while
1.
our HOURLY
FOUR HOURLY
AND WEEKLY SIGNALS ARE INDICATING
a STRONG BUY
2. we have a bounce from a 4hour support support
3. and our stochastics are up for daily and 4 hour chart
we MIGHT VERY WELL SEE AN UP BREAK TO FINISH THIS WEEK OFF
to daily RESISTANCE
be safe
J BUY UNTIL 145.000 - 145.500 AREAi dont think this uptrend is finished just yet
WE ARE IN A MAJOR DOWNTREND IN TERMS of the bigger charts
but i feel sentimentally theres still some more pushes to the upside
im calling 145.000 area before we see any nice down MOVES
we have SEEN THE POTENTIAL ON THIS PAIR AND ITS ABILITY TO DEFY ALL OF OUR INDICATORS and analysis
so stay safe
trust the process
and lets see how this plays out
EurCad(Short, Swing trade)I started with a Top Down analysis and noticed on weekly there is a double top and also how market had recently went up to the neckline and respected it(purple line) and also it had tapped Trendline and made a new low as well. The other trendline that got broken, market had made a head&shoulders which made it drop. As of now i see this Pair should go to around 1.425 area. Currently, im risk free on this trade and used the stop loss i had before anyways good luck yal
Gold Analysis, via Daily ChartGold recently broke out of February's bullish flag pattern and broke pass that area of supply that is now demand (1350's area). Price is now floating in the Weekly Resistance area of 1428.30 and is creating an ascending broadening wedge pattern. There is also bearish divergence on the RSI indicator. These confluences are letting me know that this pair wants to reject resistance and push down, possibly to an area of demand.
small FALL TO RISE? or COMPLETE break through THIS FIB levelWERE CURRENTLY sitting at a 61.8 fib LEVEL
we can see a reversal to the downside for the market to gain some more momentum to break this level in the future
if we see some wicked or consolidation around this current level it may represent
market conditions currently rejecting price from passing this level
lets see how it plays out
im calling a small short into a potential consolidation
SHORT TO 4HR CHART FIB LEVEL THEN RISE its been a while since i posted
but im back
ive been studying
and watching markets intensively
we got rejected earlier this week on a fib level
so im thinking markets will come down
this level for support and make a rise
CHF/JPY - Wait for signal about sell or buy ...My point of view concerning CHF/JPY , for the next week :) .. wait for a good signal
GC longgggg term trade. momentum is slowing down. we are looking for that 38 retrace to 1.34600 to shoot to the 1.40500 level.
while that is happening i will be looking for some shorts.
OVERALL UPTREND? or BOTTOM CHANNEL KNOCKOUT?remember the market can only go 3 ways
UP
DOWN
AND SIDEWAYS
but ultimately there is an uptrend left as seen on the WEEKLY chart up to a resistance point to intiate a major downtrend
look out and lets see how it plays out
GBPJPYAlthough GBPJPY seems very bearish, Price is staying above weekly support and respecting TL. MAs are crossing over. (Risky trade)
EURUSDHH/HLS, MAs open, Euro could possible come to Monthly Support 1.1773, or 38.20% fib, before shooting up.
GBPAUD GBPAUD should retest CTL before it continues it's downward trend. Monthly Resistance should hold.
USDCADUSDCAD will continue it's downward journey till Monthly supply 1.2245 zone. UC re-tested daily resistance and, now we could see it fall.
USDCADWeekly bearish, USDCAD has been super bearish, MA's crossed over, (open), UC will try to break its previous lows on weekly, potential target for now is monthly support 1.2245 zone. Analyze bigger picture.
GBPAUDTL broken, MAs crossed over, GA could retest to 1.6430 before it drops to Weekly support 1.6250.
GBPJPYCurrently at Weekly support 144.07, if 144.67 is broken and becomes the support GJ is expected to reach back to Monthly Resistance 147.47 zone. Anyhow, if GBPJPY breaks below weekly support 144.67, GJ could potentially reach 140.00 since the trend is bearish, and MAS touching each other on daily tf.
AUDJPYAUDJPY has broke the bearish structure, MAs have been crossed over, HLs and HHs. An uptrend channel has formed and its respecting the market move. We could see a retrest at monthly s 88.00 (CT) as its upper continuation move to weekly r 90.00. Once target reached further analysis will be updated.
