Looks like Fundamental ideas -JXY is still weak, there is no signals or confirmation for changed yet -Sentiments is still support Bull entry -liquidity grab, which I believe the lowest price is the liquidity grab, therefore, price now is likely to continue going up Technical ideas Chart pattern -Head and shoulder Support & resistance -in the zone base on last...
It seems like there appear some sell signals here for GJ //------------------------------------------------------------------------ 1. Price signal : the price created lower low while in a UP Trend- this can be a first trend reversal signal. 2. Price rejection : The price rejected over the resistance area and closed with the bearish candles around this current...
DXY has been dropping since last year and has touch the support area base on the mid-last year where the price has a strong rejection ( as you can see on the right orange zone ) Because of that, the price is currently retest at this zone again, therefore, this is watching zone, where the price may break and continue bearish or bounce back to the bull trend. some...
I'm looking for a long entry for NZDCAD because I noticed some liquidities on the left hand side and base on the sentiments data, I'm confident that the price will go up for more. Nevertheless, the price is most likely will go down to retest at some points after that retest, the sentiment will complete its balance of power and go for bull. Long reasons : 1....
The price on Friday was closed at the lowest low, because of that, there are still some forward downtrend momentum. The key levels are 1810, 1796, 1784, 1773, and 1764 ( Base on the last year price rejections ) Because of that, the safest trade is to wait for the confirmation for the price rejection. Neutral because For SHORT because 1. Price : There is no...
There was a small price rejection on the zone where the price touched daily EMA. Moreover, RSI indicator also show the sign of price convergence. Because of that, there is an opportunity for the price to keep going downtrend, therefore, UJ is more likely to keep going Short. Short reasons -Week : Weekly prediction -Indicator : EMA is being touched (1D TF) ...
There was a reversal sign for the EU on last week (in Short TF). Additionally, there was also a rejection candle on Friday base on the 4HR TF. Because of that, there is a good sign for this pair to keep going Long. Long reasons -Week : This weekly prediction -Indicator : EMA is below (1D TF) -Indicator : RSI Divergence ( 4HR TF) -Price : Bearish...
Gold price has fallen since the last 2 weeks. However, it is still considered an uptrend on the daily timeframe. The current price touch the support zone (4HR TF) and on the lower TF, it shows a small price rejection. In addition, today is Friday, therefore the price should go backward to where it should be. if it breaks the zone, the best next target should be...
CPI tonight may grab some liquidities, for safety entry should wait after CPI news. However, for aggressive you can entry now and set SL for safety, under the big bottom trend line, but for better risk-reward ratio, set small SL and use small lot because there is CPI news tonight.
XAUUSD was short on last week to grab some liquidities (Thursday). On Friday, there was a price rejection, not fall down continuation. The price related to red Fibo-ex 1.2 when fall down, therefore, the bounce backwards should be back to the small green Fibo-ex 1.2
2/7/2023 Has strong sell all day, therefore, after a small pull back, there should be an opportunity to continue shorting GBPJPY ---> Trend following + momentum