It seems Gold is now over extended passing 2746.148 Fib Extension. if return to FVG on 15 min could take a short Targeting 2737.278. Might even see Midweek reversal during London and NY. Could even Have Equal Lows of London Session as Target. ONLY IF ALL LOWS ARE TAKEN OUT. N.B. GOLD DOES Stop Hunt
Based on Highs & Lows and new week opening gap (NWOG) I mapped out how Asia session should trade including FVG(s). I have noticed with Gold that it is more about Stop hunts taking Highs and lows more often than not. I also predicted that price would drop after engaging with Fib Extension. If previous lows are taken out, then there is a good chance to go Lower
Looking for a re test of 1.90022 for a long entry. I have a feeling during Asia session the price will return to test the level. If it doesn't other opportunities will arise. In addition be on the look out for a short on $NZDUSD as they tend to move in opposite directions
Based on High of the day on Friday and low of the day during Asia session I see a long entry for GBPUSD
Based on Daily chart, I have located this level of supply for shorting. Target should be around 0.9460 and Second target could be heading lower at around 0.9360. I would keep an eye around 0.94850 - 0.9515. But mail area of interest as highlighted.
Based on this daily chart, there are two levels that I have identified for shorting this pair. The target should be just before 1.27. At the moment just keeping an eye for further developments.
I want to make another analysis on USDJPY based on this Daily chart. As shown head and shoulders were formed previously which indicated the bearishness of this pair. Neckline shown acted as support and held up to 4 tests of that level. The pair rallied to about 121.68ish which then hit a supply and collapsed around beginning of February. The price dropped over...
Based on this weekly chart, I can see that we are coming to a demand zone. I believe price could be going slightly lower to 1.06ish before we have a bounce. One thing which we have to bear in mind with this level is that wick pointed out by the arrow is indicating a stringer demand below. In any case will be watching this closely.
Base on this weekly chart and the rally in the last couple of days I have located another supply zone for a short trade. The sentiment is down with a set up which indicates a trade can be placed. For now we can just wait and watch until price hit this supply zone.
Dollar is surging due to news just released which means price now is getting to a supply level. Based on Monthly and weekly charts, I believe we are finally going to have a drop. This could POTENTIALLY be a 500+ pip move.
Based on Weekly chart, the sentiment of this pair is up and I have located a level (1.73035 - 1.72874). There is a possibility that price might go deeper into the level before leaving the level.
Based on this daily chart this wide daily level is the chance for longs to take place. If this level does not hold then we are heading further south. The level is (1.29754 - 1.30648) and going to keep an eye for further progress. My feeling based on 4H chart will tell me that price could go towards 1.3050ish mark.
Based on 4H chart I see the sentiment being down. I have located these two levels First level (1.75045 - 1/75327) and second level which is a bit wider (1.74098 - 1.74712). Just have to see how things work out.
Based on previous publication on GBPAUD, this level (1.75458 - 1.75573) might potentially give 60 - 80 pips. Going to keep an eye for now.
Based on this daily chart, I have located a level where I believe price will turn and head lower south. The chart also suggests that there is nothing to stop price from going south.
Based on this daily chart I have located a level to short. The level could start from 75.20 - 75.78 but I prefer to have an entry higher around 75.50. I have picked a target for this trade just before the opposing level.
Based on Daily Chart, sentiment of NZDCAD is down with a set up (meaning a trade can be placed). Price is not close to that level yet but there is potential for about 100 pips. This level will be a little wider on an Hourly chart but my preference is 2H.