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Weeklyanalysis

Waiting for Retest of Bullish Engulfing To CompleteWe're going to be trading off the results of the bullish uptick and the partial retracement from last week. It is actually a bullish engulfing on the daily timeframe. If we go back down, he may bounce from the daily zone of 1.71798, then head to the weekly level at 1.70366. Otherwise, we'll continue to go bullish once the retracement is complete as soon as we pass the daily level. BULL TPS: • 1.71684 • 1.72830 • 1.73672 BEAR TPS: • 1.70968 • 1.70498 • 1.69885 only if the retest of the engulfing candle on the higher timeframe fails and we pass through the weekly level.
by NikaJourney
Bears May Still Run Strong This Week....The overall move is down for AJ until it reaches the weekly zone -- maybe. I'm waiting to see if we make it to the weekly and breakthrough to the monthly level to determine the next move…if we can make it. If not, we'll bounce off the weekly and go bullish. As you can see for the bullish move, I'm not looking for it to go too far up this week, especially with JPY news happening. So we'll play this trade out in this little area to see which zone it will break out of first: the daily 76.058 zone at the top, or the weekly 73.711 zone at the bottom. BULL TPS: • 74.936 • 75.460 • 75.960 BEAR TPS: • 74.025 • 73.757 • 73.131
by NikaJourney
Will We Make It And Bounce From The Daily Level Again?UC looks like it's making a move to the daily 1.30357 zone one more time to see if it can get through or bounce up once again. Got a strong trendline crossing through the weekly 1.32539 zone, so not sure if price will be strong enough to get through it this week. As always, I left TPs if something in the news jukes it up. For now, I'm trading with the overall trend. BEAR TPS: • 1.31621 • 1.31090 • 1.30446 BULL TPS: • 1.32403 • 1.32808 - if it can break up and through the weekly zone • 1.33264
by NikaJourney
Bullish Slant May Be Just A Large FlagThis move is a large slant, which is hinting this can possibly flag. So the bullish continuation may only move just to the monthly zone then continue to take a dip. If not, we'll keep ticking on up to the target BULL TP. For the bearish, looking for the break of the trendline to play out for those TPS and keep going all the way down to the daily 1841.89 level. BULL TPS: • 1911.36 • 1924.42 (if TP2 is passed and retested as support) • 1931.37 • 1945.68 BEAR TPS: • 1888.42 • 1867.66 • 1848.82
FX:XAUUSD
by NikaJourney
6
GOLD - WEEKLY ANALYSISGOLD - On daily candles it is expected to go down at the moment, based on triangular pattern and price action it's in a SELL ON RISE condition. My approach will be a short sell here at current price 1888, If it's moving up 1895 around I will sell more Maintain Stop loss around 1907 Potential downside target 1865 - 1845 Follow the levels as mentioned. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDShort
by Professor_GS
1
Key Level Trade Setup -- Major Resistance Level May Be RespectedFirst, this is nice that it's sitting on a weekly key level. Second, where price stopped also looks to respecting a major level of structure according to the daily. I'm looking for another short overall. But, as we know, price does what it wants. So if it does decide to perform a pullback into a continuation, those TPs are in place too. BEAR TPS: • 139.698 • 139.164 • 138.236 • 137.708 • 136.542 BULL TPS: • 141.621 • 142.320 • 142.768 • 143.718
Short
by NikaJourney
Depends If The Bearish Trend Can Be Broken This WeekThis pair actually has been fun. It's spent multiple weeks in consolidation just to do it up massive uptick that made me so proud. Then it pulled off this beautiful short, that actually looks like a giant pullback at first glance on the higher timeframes (daily, weekly). When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down. This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way. BEAR TPS: • 1.54812 • 1.54058 • 1.52947 BULL TPS: • 1.56837 • 1.58161 • 1.59955 • 1.61280
by NikaJourney
2
Consolidating Getting Ready For A Bull Run?This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 • 1.79466 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney