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Wave Analysis

GOLD XAUUSD ANALYSIS NEXT WEEK July 8-12.Here is the market outlook on Gold (XAUUSD) for next week from 8th to 12 of July. It is a clear projection of what is mostly likely to happen on Gold next week. ANALYSIS. In monthly timeframe the July candlestick has opened with a stronger bullish momentum following the support of the news this week. But since it is just the beginning of the month, therefore sentiment may change in the future. In weekly timeframe the idea of three wave swing to the upside remains the same, and currently the correction has completed therefore price is expected to create another three wave swing to the upside. In daily timeframe the triangle ideas introduced last weekend has remained true followed by a clear five wave move to the upside. The the fifth wave is expected to end within the horizontal resistance presented above the current price level. In four hour timeframe there is a clear five wave move to the upside as explained in daily timeframe. Price is moving with a horizontal resistance level. There is signs of beginning of fading out of the buying momentum in this timeframe. PRIMARY PROJRCTION. Watch for buy opportunities after correction of the current five wave move to the upside. But short term sells can be taken when price show signs of correction around the 2400 level. SECONDARY PROJEXTION. Watch or sell opportunities when price rise to the level of around 2430.
SAXO:XAUUSDLong
by ASAMForex
BTC UPDATEThe Market is currently in a keyzone area. Let's see what will happen in the upcoming days. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
BINANCE:BTCUSD
by WiLLProsperForex
AUD/JPY Short, GBP/NZD Short and AUD/USD ShortAUD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
USD/JPY - Bullish Trend ContinuationThis morning, the focus is on the Dollar-Yen pair. The bullish trend is evident across all timeframes. Yesterday, we observed a strong break of the reversal structure at 161.269 after reaching a momentum high of 161.95. This break is crucial for the continuation of the bullish trend. Following the break, a bullish pattern has formed, and the price has moved into the Fibonacci buy zones of the initial move. Given this setup, the high probability action is to buy or do nothing above 161.57. Stop Loss: 161.14 Target 1: 162.35 Always think in probabilities.
Long
by Charts247TradingAcademy