AMD 3-2 up on the week, potential PMG Outside week (once a 3 always a 3), follow through with a 2 up on the weekly.
Pivot Machine Gun (PMG) potential up North.
As long as it's green on the week, month and quarter Long it is.
Beware: green, but still inside (1) on the month and quarter.
Shooting for 120-130 area towards the end of the year, let's see how it plays out.
PMG
Failed Quasimodo with possible PMG entryI've recently watched a video about the PMG entry from @SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount of traders sitting in Short positions. Once we move past these previous candle highs they will start to panic or stop loss will get hit. This will create a big move up for gold. I would call this a high probability trade setup.
LONG ON GOLDThe hole of last week price surged upward due to the recent event of Russia and Ukraine crises. Price managed to reached the previous price level at 2074.00, and we saw price respect that level and made a retracement down to 1960.55 price level and at 61.8% fib level from the previous low on a daily timeframe. But due to the current event going on with the price of oil going down, price is likely to continue its bullish movement the week ahead.
Gbpjpy - buyPrice is still in an uptrend, I just realized that price didn't retest a structure it broke in the past. Recently price broke structure and formed a double top but price never confirmed that structure as it fell and ended up retesting the double bottom it formed on the 2nd of March. Price got to that structure and retested it, before it reversed it formed a morning star then fully formed a double bottom and took off to where price is now. Its Possible price can get to 153.750 next. GJ is still in a uptrend due to it not breaking major levels of structure and not retesting it as it did reverse.
US30 Overall bearish thoughts ...Go ShortOverall i am shorting for some bearish mover as a repetition of the past events
EURJPY - ShortPrice possibly can sell off. Price has reached a weekly resistance, price ended up forming a Head & Shoulders at that resistance (126.750). Currently price is in an descending channel, price sold off from trend line resistance. Its possible price could be forming an bearish flag on the LTF.
Price could sell of to 121.750, if price breaks support it could head to the next support 120.500
-PMGAI
USDSEK - LongPrice is forming a descending channel ; Price possibly is forming a descending channel within the descending channel towards support. Its possible price can breakout and go to 8.70250 if price breaks that resistance its possible price can head to 8.94500 and if price breaks that its possible price can head to 9.14500.
AUDUSD - ShortPrice possibly could go to resistance #2, its possible price is forming an ascending triangle so price could push up to 1.73750; From there will see how price will react. But other USD pairs look as though the USD could gain strength. It is also possible price could be forming a rising wedge, price could drop to 0.72250 and if price does break support it could head to support #2 0.72250
- PMGAI
GBPUSD SHORTPrice is at an important area in structure. Price can do one of two things here, either price will break structure and continue up to the next resistance area or sell off from where price is currently. Price is possibly forming an bearish flag, currently price formed an ascending channel and possibly could be forming an rising wedge towards trend line resistance. On LTF it does look as though it possibly could be forming an tripe top. - PMGAI