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Keylevels

Next Move Determined By Daily Key LevelWe are currently near two key levels: a daily and a weekly underneath. Waiting to see if price will breakthrough daily SR level and head to the weekly. What it does at the weekly if it can get there, will determine if we will have a strong bullish or bearish move. Here are the TPs for now: BEAR TPS: • 1460.33 • 1455.75 • 1442.25 • 1438.31 • More TPs if it can break the weekly SR level. BULL TPS: From the daily key level at 1460.33 • 1474.91 • 1486.85 • 1503.63
FX:XAUUSD
by NikaJourney
Will Harmonic Still Be Respected?Some good moves happened with CADJPY, so going over this a little more. Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least. Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides. As you can see, a trendline sits there in the waiting. If it can break that trendline, that'll be a nice dropdown. If it bounces off, the bull rally continues. BEAR TPS: • 82.239 • 81.905 • 81.638 • 81.464 • New tps announced if the trendline and daily SR level are broken. BULL TPS: • 82.719 • 83.230 • 83.598
by NikaJourney
Multi-Day Consolidation Means Big Breakout SoonBIG MOVE COMING! We have a several day consolidation sitting on a monthly SR with GJ. This move is gonna be JUICY JUICY JUICY when it takes off. I'm not looking for the pull rally to stop this month. If we see a downtrend, it will only be a pullback for a few days before the big impulse move back up. I'm patient with this one. GJ has been fun since September. BULL TPS: • 142.469 • 142.660 • 144.775 • 147.177 BEAR TPS: • 137.658 • 135.674 If it goes further than this, I'll add new TPS.
Long
by NikaJourney
Gold Will Be A Little More Tricky With It's DirectionGold will still be a tricky little sucker this week. With a large bullish doji made last week, it could signal a strong bullish move happening this week for gold. Want to see if gold will do a temporary pullback then shoot straight up to my monthly SR to see can it breakthrough. But, as you notice with my analysis, I'm thinking a rejection is likely once it gets there. We'll find out this week. BULL TPS: • 1527.56 • 1537.30 • 1550.55 (if can breakthrough the monthly SR) BEAR TPS: From the monthly SR 1537.30 • 1527.05 • 1515.56 • 1503.63 • 1492.65
FX:XAUUSD
by NikaJourney
Bullish Channel Moves May Continue But Getting ShakyWe've been in a bullish channel for a good hot minute. From the 4hour chart, it looks like we'll remain in the channel. But there are signs that this move is starting to get a little shaky on the daily and weekly chart. So gonna keep an eye on this pair to see when the big drop is gonna happen. Otherwise, my swing trade outlook goes to the monthly SR level at the moment -- as long as we continue to stay in the channel. BULL TPS: 1.63487 1.64018 1.65135 1.66041 BEAR TPS: If we break out of the channel... 1.62096 1.61175 1.60126
by NikaJourney
GBP/USD - What Will be The Signal For Reversal Opportunity.GBP/USD is in amazing rally for the last 10 days, For now, I prefer to look for a reversal signal. If the price will breakout the support below it will be the signal for changing momentum to bearish, In that case, I'll look for a price action setup to sell GBP/USD. In addition, there is a significant MACD divergence which indicates the buyers running out of power. The target for the sell position will be the demand at the bottom.
Short
by the5erstrading