Bello-swings

Bello-swings

On weekly time frame market couldnt break structure to the downside. On daily market forms a double bottom, then from there breaking a weekly counter trendline and also breaking structure to the upside. Market is pulling back probably into and SnR zone, 0.236 fib level and a retest of the counter trendline. When price gets to the area of confluence we will look...

Bello-swings

Market as be making HH and HL so its safe to say we are in an uptrend. Now market is probably pulling back into an SnR and demand zone that was created at 0.236 and probably a trendline touch depending on how fast the pullback occurs. When market gets to our area of confluence then we can look for a bullish signal to go long. ENTER THE TRADE WITH BULLISH CANDLE...

Bello-swings

Market as been been breaking structure to the upside which solidify that we have transitioned to an uptrend. Now market is making a pull back probably into a SnR zone that was created earlier at 0.382 fib. When market gets to our confluence zone then we can look a buy signal. Remember always use BULLISH CANDLE STICK PARTERN TO ENTER THE TRADE

Bello-swings Updated 

From the weekly time frame market as been breaking structure to the upside confirming the bullish trend. On daily there is a pull back to a SnR zone at 0.382 fib level, in which market as find demand. We will now wait for a break of counter trendline for our entry. A BULLISH ENGULFING CANDLE break of the counter trendline. And we might get RSI divergence which...

Bello-swings

Market as been on downtrend coming from the weekly timeframe. On same weekly market forms a double top, broke the neckline and also breaking the previous support, then we got a pull back to a supply zone on daily time frame at 0.382 fib level. Market was rejected with a daily bearish engulfing candle, and closed with a doji on weekly time frame. On 4hr market...

Bello-swings

Even though price as been breaking structure to the upside, market pulled back from a third touch of counter trendline on weekly time frame which means until the counter trendline is broken we have to be careful on any longs we will be taking. Coming down to daily we can see a rejection from a SnR zone with a big pin bar, market made a little pull back then we...

Bello-swings

After the last analysis i dropped, market formed and inside candle followed by a bullish candle at a SnR zone with confluence with 0.332 fib retracement level. If this level hold and we see break of the counter trendline and break of the SnR zone, then we will wait for a pullback into the SnR zone. After the break and retest of the SnR zone, we will now wait for...

Bello-swings

Market broke out of a SnR zone that as been rejecting price on the weekly time frame. Market broke a resistance zone came back to retest it creating a demand zone. Now market is pulling back into the demand zone at 0.5 fib level and a round number @ 1.49 where buyers can push the market back up. We will wait for BULLISH CANDLESTICK CONFIRMATION before going long...

Bello-swings Updated 

Market was ranging a bit but it broke out to the upside, the bulls are very strong on GOLD. Waiting for a pullback into 0.382 at SnR zone and the channel will serve as a good confluence. 2360 serves as a good round for the bulls to take their orders from

Bello-swings Updated 

Market been overbought for a while now and we are getting the correction that it needs. Market is making a pull back which we might see market bounce and continue its bullishness from the SnR zone and fib retracement level.

Bello-swings Updated 

From last week idea shared, market as been moving slowly towards our area of confluence which is a good thing since price action wise correction should be slow. The demand zone and fib retracement level is a good area to look for a buy, thats after seeing a bullish confirmation

Bello-swings

After market formed inverse head and shoulder on weekly and daily then broke it, market as been breaking structure to the upside which solidifies the uptrend move. market is pulling back into an SnR zone in confluence with fib 50% level and trendline touch. Market can break through this level which will open up the next SnR zone, this will mean market wants to...

Bello-swings

The trend of the market as been established to be uptrend since market as been breaking structure to the upside. market is pulling back into demand level that was formed and a small break and retest that occurred in the past which also serves as as SnR zone. This is also in confluence with fib level. WAIT FOR BULLISH CANDLESTICK PARTTERN BEFORE GOING LONG

Bello-swings

price pulled back into demand zone that was created after a break and retest sometime in March which now concise with SnR zone in this same area. market pulled back to 0.382 fib level which there is additional confluence of channel. Also there is RSI divergence which signify there might be a bullish move soon. WAIT FOR A BULLISH CANDLESTICK PATTERN BEFORE...

Bello-swings Updated 

Market transitions from uptrend after we see counter trendline break and break of structure to the downside. the head and shoulder that was broke didnt get a proper retest and now we are seeing a proper retest of it. all this is in confluence with SnR zone and a channel, all this forms a good confluence. 1.64 is a good point for sellers to push the market. If...

Bello-swings

Market as been in an uptrend with break of structures to the upside. A pullback into 0.382 fib level in confluence with demand and third touch of a trendline. 1.745 serves as a good point for buyers to place theirs orders to go long. If this level fails then the weekly demand level should hold

Bello-swings Updated 

since we couldnt get push to the downside and we are now seeing market breaking structure to the upside this shows that the bulls are likely back to take control. the daily demand should be able to push the market back up since we would have a nice pullback and also there is a round number there which is where the big boys like to take their orders from. Incase...

Bello-swings

the USD pairs as been choppy with no clear direction, but now we can be sure which direction to trade. after the previous impulse move we got the necessary correction, now price got to 0.382 fib level which was in confluence with a resistance zone and also using a channel you will see that price respected it. we cant just trade off it without confirming which...