CJ_GOLDPIPS

CJ_GOLDPIPS

XAUUSD CHART Gold has made a clean run up over the last week due to fundamentals and technicals in play. However, we have approached a weekly resistance whereby we are seeing forms of exhaustion on the higher timeframe which is expected. There's a possible shift in structure as lower lows and lower highs are forming. I am favoring shorts as of now however as...

CJ_GOLDPIPS

GBPJPY is currently in a nice bullish market structure. I personally am expecting this bullish structure to break as GBPJPY is very bearish fundamentally due to the sudden change in monetary policy in the yen and the weakening economic standpoint of the pound. GJ on the higher timeframe is in a minor retest to head down lower. We are currently seeing some form of...

CJ_GOLDPIPS

DOGE trade update Partials were taken out as stated with stops at breakeven when price tapped into the minor resistance as shown above. First position was closed out at breakeven leaving my second position running now. However, if you want to bag the profits please do so as we are heading into the end of the year whereby it's not an ideal time to be trading....

CJ_GOLDPIPS

A break of bearish trendline signify a shift in direction for gold. A minor retest whereby we can see another BOS in line with a minor fib retracement with entries taken on the lower timeframe. Looking at intraday high to be taken out. Potential intraday / swing trade on gold to the upside.

CJ_GOLDPIPS

Doge is at a major monthly support whereby i do expect that level to hold. However, we may not be making the move to the upside as of now and am looking at some form of market structure form like a double bottom at the least before heading up. Will be DCA into longs for DOGE at this current price. High risk high reward buys with a tight stop loss anticipating...

CJ_GOLDPIPS

4hr bearish trendline has broken with many confluences leading towards a bearish ETH for the short term. Price has been melting after making a new highs trapping buyers and long positions before melting straight down last week during FOMC which was the catalyst for the downside on ETH and other crypto currencies. I am looking at 1070$ ETH or even a 1000$ ETH in...

CJ_GOLDPIPS

GBPJPY shorts playing out with bearish momentum from last Friday Minor retest on the lower timeframe forming a minor bear flag which broke and retested hence my high risk to high reward shorts. Looking at price to retest its lows again whereby i will take partials or full profits at 165.00.

CJ_GOLDPIPS

Bullish bias on SANDUSD - adapting to bullish fundamentals in crypto market due to the recent cpi data release and fed pivot - bull flag market structure form on the 4hr timeframe. - Price showing rejections at key support on the very high timeframe Trade safe and enter upon confirmations like a break and retest of market structure

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DOLLAR INDEX - continuation of bearish momentum - CPI prints lower than forecasted indicating previous months of rate hike has been working out as increasing of interest rates cause dollar to strengthen and a drop in equities and commodities which is why we have been playing the bearish bias on crypto - Now that CPI prints has showed a decrease, i am quite...

CJ_GOLDPIPS

DXY 2 scenerios for this coming week (very heavy with CPI and FOMC this week) 1) Looking for a continuation melt on the dollar index with a small bear flag on the hourly timeframe. With a break of structure I can see further downside on the dollar which would give rise in the equities market. 2) Looking at the dollar index to form a double top at 106.5 - 107...

CJ_GOLDPIPS

DOLLAR INDEX looks bearish after retesting key bearish market structure and higher timeframe resistance. On the hourly timeframe, minor higher highs and higher lows are forming, showing some sort of bear flag however I'm looking at bearish continuation due to the fundamentals in play of a bearish dollar. If gold breaks this bearish market structure i will look for...

CJ_GOLDPIPS

Intraday analysis for 9/12/2022 Note: PPI news 9.30 pm (expecting good for the dollar index) 1794 region was a key level of interest to take note off whereby scalps was taken from 1791 up with profits taken. On the higher tf it is a fake out and currently is filling the wick to the left as marked in the charts. If we can see bearish continuation i can see...

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Update on ETH short, as seen from price action, we are consolidating on the higher tf and will only be looking for continue downside on ETH if we can see a clean break of this bullish structure and forming new lows breaking below 1230. I won't be surprised if ETH takes a dump from here to wipe out the lows to around 1000 before heading back up again. This is in...

CJ_GOLDPIPS

Potential double top formation at 106.5 -107 region before heading back down. Breaking back below 105 continue dollar weakness which will cause a rally in crypto , stocks and gold. Fundamental: need confirms on a slow down in rate hike (actual interest rate next Thursday) Will only see dollar strength above 108 regions where i can see further downside on...

CJ_GOLDPIPS

In yesterday live session i did mention we might range here and we are seeing just that and will be playing in this 100+ pip range. HRHR Buys at 1764-1765 MRMR Buys above 1781 Safest buys above 1785 Only looking for shorts below 1764 with confirmation. Do note that the support extends to 1760 making this support a big range. Im more favourable of a long bias...

CJ_GOLDPIPS

2 scenarios that can play out this week, preparing for the month of December to end off the year. Scenario 1 - Fed chair Jerome Powell gives a very hawkish stance during the FOMC meeting on Thursday 2am sgt. Continue rate hikes into early 2023, no slowing down of rate hike to lower inflation rates. I need to see strong economic data during NFP this Friday which...

CJ_GOLDPIPS

As seen from a technical standpoint, the dollar has been on an upward climb this year respecting the bullish market structure on the higher timeframes with minor retest. Backed with fundamentals of the federal reserve with constant rate hikes to beat inflation pushing DXY to a high of 114.9 region. We are currently seeing a shift in structure now as the bullish...

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Outlook for BTC for the coming months. Unlike many others, I do expect a pump up instead of a downside on BTC. Fundamentally we are struggling due to many Fuds in the markets now which is why i do expect a ton of people trying to short the market. This gives me a better confluence that i do believe BTC will actually pump in the coming weeks towards end of the year...