Prepartion for GOLD Swing tradePotential Sell Set-up
Overall this market is in a downtrend
Daily chart trendline has been respected as market successfully remained below outer trendline
Tell me what you think
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Bulls still look like they in control of the GBPJPY MarketThis is so simple
1.Market is making higher highs and higher lows
2.There is less intent to move to the downside
3.We are not breaking structures loads of wick movement
Ill ask GOD Surely he will open our eyes to spot more quickly
Insight on dollar market
With NFP Approaching tomorrow the markets have been slowly losing momentum and some liquidity taking should be expected
Daily structures don't seem to be broken aggressively
Taking a patient look at what happens today at New York open
#USDCAD is preparing for the bearish swingprice is still within the sell zone so where is th best place to sell???
GBPUSD Sell set-up forming. Nice potential swing trade 90Pips+This set-up shaping up so good .
We noticed that we have been in a down trend Monday we had a push up phase however I noticed on the chart there has been a loss of intent to the upside furthermore with the dollar weekly chart signalling upside movement it is clear to see why this is stalling at resistance point.
Confluences so far
Lower highs and lower lows are being created
We not breaking structures
More to be concluded on New York session
GBPJPY Outlook last Wednesday of August trading dayI Expect to see some futher continuation to the downside let's look at the reasons why.
Confluences
×Market is failing to make new higher highs nor is it creating any higher lows so it means there's a short-term loss of intent for price to roll up.
×On daily structure we currently didn't manage to close above previous lower low point
×we in a down trending market why would we want to oppose what we see happening.
Some liquidity taking and few candlesticks confirming should result in us taking sells.!
Feel free to add input because in this trillion dollar market we learn everyday
GBPJPY Current outlookAfter a surge impulse move up yesterday we seeing the market slowed down now taking liquidity in my opinion it would be best to to execute any trades till we get a break of structures retest moreover some major confluences into our pot and top it of with continuation candlestick patterns for now we waiting while liquidity is been taken out
Dollar potential downside continuation We saw huge rally down i am personally expecting a rest of previous structures before New york . Should the market fail to create lower highs we shall adapt to the movements
XAUUSD Miners watch thisWith the dollar yet to be decided on it's long term movement we should see
gold movement slow this week before nfp N.B(MY OPINION) However looking at the weekly trend line could we return up? Be sure to let me know what you think
Dollar weekly outlookStill undecided on the dollar as the weekly broke higher however we would need to see more on lower intraday timeframes confluences like higher highs and higher lows ahead on nfp we should see slow movement as well to try trap traders
AUD/USD Long Idea (Taking order)Aud/Usd log idea based on technical analysis. Support and resistance idea. Daily is retesting a major support zone, I scaled down on lower time frame to look for entry
GBPUSD Long set-upOff simple demand and supply
we saw the market slow down in it's movement down moreover witnessed bullish confluences now for a potential impulse up to new highs
Pounds and PipsHere same insight the market broke ranging structures over the Asian session we should see a pullback complete before handing over our buy orders
XAUUSD Buy setupCorrective move to the downside
Failing to break structures
Failing to create lower lows
Huge clear-off expected
FLOW breakout?Hey traders, noticing a lot of top crypto coins are breaking out of these long down trends. Could we possibly be coming back? Big volume, surpassed previous overhead supply. If we can hold here and pass the initial level drawn out, this would further confirm the new uptrend. Keep an eye out on quality crypto projects. Could be making a comeback!!!!
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Swing TradingSwing trading is a speculative trading strategy in
financial markets where a tradable asset is held
for one or more days in an attempt to profit from
price changes or "swings".
Strong TrendIn this case, the “buyers” are in full control of the trend
and there are only small bearish moments. It is very difficult
to enter the pullbacks because there will be only a small part
of them as the market will tend to push upwards. The best way
to trade in this situation is to pick up the signal at the beginning
or otherwise wait for a break out of the structure. This scenario
is called "Strong Trend"
Pin BarPin Bar, which is short for 'Pinocchio Bar,' is a single
candlestick setup that clues price action traders into
potential reversals in the market. A pin bar is an elongated
wick that 'sticks out' from price action. When you see a
Pin Bar, be aware of a possible change of direction.
