Chad_Sniper

Chad_Sniper

1 - price approached demand zone 2 - RSI 144 suggests divergence on M5 3 - we see a bullish break in channel 4 - we see a QML pattern (129.206 to 129.141, lower low / 129.293 to 129.451 higher high ) suggesting a pivot in strength pair

Chad_Sniper Updated 

Price broke out bullishly from a recent bearish channel. We expect this pair to go bullish and in the next 2 weeks, maybe. "If" price indeed goes bullish at this point, a potential target is around 163.400.

Chad_Sniper Updated 

1 - we took profit from this pair 1/23/2023 with RR of 5.8ish:1. We will still assume the bias is bullish and can scalp some more. until we see weakness in the greenback (USD).

Chad_Sniper

At this point, we are seeing a channel at M5 to confirm if price will go bullish or bearish. The trajectories laid out as guide.

Chad_Sniper

At this point we see a channel, if that channel is broken downside, we assume the trajectory. Otherwise, the opposite, to reach the next supply.

Chad_Sniper Updated 

The blue parallel channel suggests that the overall Daily trend is bearish. The black parallel channel suggests that the minor trend is bullish. Plotting our fib from previous High 131.339 to previous Low 127.966, we see our Golden zone between (129.650 - 130.067). That zone was broken by price which also suggests the price still wants to go Long. Following the...

Chad_Sniper Updated 

Price is sitting on top/resistance part of the bullish channel (blue parallel lines); overbought area. We also see multiple Break of Structure (support) happened with the bearish impulse. Now we see it retraces back up. Our bias is bearish. Price closed Friday near M15 supply zone, near a broken previous support, and is currently sitting in a golden zone for...

Chad_Sniper Updated 

Opened 6 trades at 138.378 (golden zone) Closed 5 trades and let 1 running with stop loss. (can also do trailing stop). Hopefully news will make it more bullish. See MT4 pic. *This is not a financial advice.

Chad_Sniper Updated 

After price took off at 1.061 its looking like it will reach the supply area of around 1.077 in the next coming days.

Chad_Sniper

The price reacted to the bearish golden zone so tuesday alone could mean SELL. Wednesday could be continuation of uptrend or a breakout of the bullish trend.

Chad_Sniper

With the forecast values, we are expecting a not so favorable condition for USD and so our bias is bullish.

Chad_Sniper

regardless if today is bullish or bearish, friday's news is looking bad for USD so xauusd should be bullish (at least on friday).

Chad_Sniper

1 - price hit supply area, but not strong enough to reverse completely. we observe double bottom. price goes up. 2 - price hit another supply area and we saw a huge rejection wick which suggests its strength to reverse bias (going bearish) 3 - we see a bearish breakout 4 - price creates a lower low. we can also see QML pattern. High > Higher High / Low > Lower...

Chad_Sniper

On 5M timeframe: 1 - Price made initial Low at 0.99443 2 - Price made initial High at 0.99647 3 - Price retested the Low 0.99443 and bounced up 4 - Price retested the High 0.99647, twice. See wick/rejection on 2nd attempt. 5 - Break of Structure (break of current Low) happened. So we can assume from there that market wants to go down. Which also confirms...

Chad_Sniper

Friday overall was bearish 1 - Around 0.99958 was the Day's High 2 - Around 0.99301, price made a Low 3 - Price reached the Premium Area for Sell (0.764 - 1). "Sell High" or "Buy Low" rule. We see it made a huge candle rejection/wick. It also respects the golden zone (0.5 - 0.618) 4 - Price retested the Low 0.99301 5 - Market closes with price sitting on the...

Chad_Sniper

Friday, we saw a bearish breakout hitting a demand area. AO indicates divergence which suggests a reversal (going bullish). It might retrace to 1661 Supply Area.

Chad_Sniper

Yesterday after the News, we saw how 1656-1657 became a strong support and bounced up. Since we are on a minor bearish trend, price hits both the nearest Supply area 1666.37 and the bearish trendline (red). It created a low at 1663.57. We plot our fibs. Price reacted twice to our gz 1664.96-1665.28. Price will possibly hit the strong support from yesterday and...

Chad_Sniper

Here I drew golden zones using different highs and lows. Two of which are fresh zones where price can possibly bounce up (since current sentiment is Bullish). Also, ever since the bullish breakout on Friday, we saw 2 Major Highs - around 1661.47 and around 1673.15, so I marked a trendline (upper part of channel) and duplicate it to make a lower part of channel...