Pips
Gold next movethe price of gold contradicts the price of the DXY. therefore gold will first rise slightly and make a fake out. after this it will go further down for another retest of the big fat blue zone.
how to take into account that the zone of 1755 can also be hit with the fake out
also look me TA from DXY and OIL
GBPUSD D1 - Long Setup (following daily correction)GBPUSD D1 - Wouldn't like to attempt to swing short this pair, due to it's aggressiveness, or any USD related pair for that matter, however, I would still be happy to indicated preferred buy zones upon relative corrections, regardless of where we head, we can simply prepare ourselves for buy opportunities amongst ***USD pairs, whether we pullback and realise them is another thing, we can just keep adjusting our entries and zone plays until something unfolds. Based on Fridays moves, I feel a correction could be due early this week, gold sitting at a key price on D1 resistance 1765.
Dollar final element of daily supportDXY D1 - Really want to try and grab some short entries on these ***USD pairs soon, as we approach this 110 whole number on DXY we are sat at 1.10 on EURUSD and breaching 1.15 at the moment on cable. Plenty of time left to stablise. London open volume can often be deceiving, pump before the dump essentially. Not jumping into anything until we start to see some slow down, but definitely have tpairs on our radar.
EURJPY H4 - Short SignalEURJPY H4 - Different brokers are showing different closes on this H4 resistance price of 147. Other brokers are showing this 147 handle as a triple top on the H4 with the exception of this spike upside on the 21st October (last Friday). I'd like to think this pair and the YEN is oversold, hoping for some short term gains from the YEN.
Analysis on XAUUSDGold created a double top on a monthly timeframe and then broke out of the neckline which tells us that the trade reversal is a very strong one. we're expecting it to drop down to the next support zone which is 1400. on the weekly timeframe, we can see gold break out of a dynamic support trend line then go down to the monthly timeframe neckline, reverse to hit the previous resistance zone before falling which also tells us that there was a break and retest from the weekly dynamic support trendline. we can also see gold creating a pullback then I drew the fibonnaci from the swing low to the swing high(the retest of the trendline) and we see gold get to the 0.618 fib level and then begin to fall again. with all these, I strongly believe gold is falling massively to the next support zone. it will get there next year lol so its a massive swing trade. SHORT GOLD.
GU shortsScale down to the one-minute TF to see my mark up more clearly. My reasons for going short on GU are...
+ Bearish trend overall
+Double bottoms, money sitting down below. People in long positions need to be taken out
+Voids below session low
+Asia session below void was not filled 100%
Going to wait for a BOS once we get a tap of void on 1M before entering, If I'm entering on the 1M TF I enter 1 pip in advance.