Not a lot happening across the board in terms of getting into new positions, this is one of the only ones I'm looking at taking a position on. GBPCAD if we see a rejection around 1.48000 ill be taking shorts to hopefully catch the continuation move to push towards last weeks lows.
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern.
Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030.
Any crossing below 3845 invalidates this pattern.
Hello and welcome to this analysis
DLF has initiated a Bullish 5-O Harmonic Pattern in this pullback.
It could do in the short term 370-380 and 475 in the medium term as long as it does not break below 340
Bullish Harmonic 5-O patterns are spotted in pullbacks which make higher lows and thereby continuation of prevailing uptrend.
Happy Investing
#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way.
- EURGBP can definitely go up to the high RESISTANCE LEVEL. EUR may...
$XAU - WEEKLY & DAILY CLOSE IS KEY!
A long term area, one to keep an eye on checking on HT = ST movement! We do have FOMC in 6 days time! Expecting another hike... and as I stated this morning cash is still king and will remain that way for little while longer.
Enjoy,
TJ
XAUUSD Bearish Trend Daily. Market would Be correction Then It will drop and Hunt LQ on the different view it will continue bearish without correction for USD. USD super strong. market can be spike with big candle.
GBPJPY has Bullish Momentum And Create a Bull flag, on the other hand it has Buyside LQ area, It would be Take lq Then Back To Deep Retest and Possible to Move Long.
Short by market.
SL: 24000.
TP: 20700. 19500.
X20
At 21k move SL to BE.
Phoenix-harmonic-pattern
B= 50-78.6%
C= 38.6-78.6%
D= 224%
Use risk management and wait for profits.
Lets go!
Broke and Retested our 25,000 Area, Consolidated forming a head and shoulders between the Range we are in currently. Break below our $18,000 area ,which is also our neckline, could make for a nice move to the downside to our next zone in the $14,000.
#NZDJPY
NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY.
Either way, NZDJPY should be a LONG TERM BUY.
Anyway, the PRICE can go down again on the...
#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. NZD is becoming WEAK because COMMODITIES are down due to MARKET RISK OFF..
Therefore, EURNZD can definitely go UP to the RESISTANCE AREA of this CHANNEL before...
Disney showing order absorption price structure at its major support zone on the 2-Month chart indicates a better than 50% chance of at least a bull-spring formation under the support or a markdown below it.
I'm certainly going to be setting limit buy orders around $70 and $50 a share to hold for the next few decades.
$XAG - What's next?
Pattern: C&H - Pennant
A break above or below either direction, we got intervening happening with BOJ - excellent pattern was in play there as well, silver is brewing with Aussie pulling back due to dxy pulling back as well. Keep an eye across the board! HT: Weekly & Daily will be very key!
All the best,
Trade Journal
