Entrenched

Entrenched

gold is definitely bullish imo, but I am looking for a nice retrace to add longs for what I believe may be a run towards 1730s. in a perfect world we would get a retrace to 1672 to retest the trend line break then down and break under 1630 on our way to support. there seems to be a lot of support so it will be lucky to get price in the low 1600s. equity markets...

Entrenched

A possible trade set up for EURJPY. i believe there is further downside available in EJ, mainly because of the impeachment trial in the U.S starting next wee,k which may help boost demand for safe haven assets. the bounce could coincide with the lighter than usual trading volume in the U.S Monday because of the holiday. We also have the BOJ rate decision Monday...

Entrenched

possible retrace targets to close the gap near 7500 but also to retest the break out and load up for a strong wave up, imo

Entrenched

some downside coming but there is a gap at 7500 so we have to keep that in mind. thee is a risk to be at 8k again around the 21st of this month imo with a possible gap close around the 24th of January

Entrenched

POSSIBLE RANGE to close the gap then fade lower , imo

Entrenched

with the phase one deal finalizing and some details being made public. there appears to be another push down possible , in my opinion. there is always the possibility to get a spike up to close the gap. but after yesterdays strong drop. it seems unlikely for now. it also looks like a wave 5 on the 1hr. the risk bar is supposed to be near 1551 not 1547

Entrenched

I believe there is a possibility for continued downside. Reasons: price dropped after almost 2 weeks of consolidation, the current rise seems like nothing more than a retest of resistance/ breakout retest.the monthly chart has 3 consecutive monthly rejections and isn't bouncing up aggressively off support. A breakdown from the psychological 9k level could...

Entrenched

If btc can hold under the 10,6k area and print yet another lower high on the 4hr tf , i expect to see 9k once more in my opinion, a break under that and 8k would open up in my opinion where i would expect a significant bounce up to test the yearly high. Just an idea , happy trading ...

Entrenched

If we get a strong wage growth report and decent nfp i expect a dip as 100% july rate cut is priced in, i would expect some of that to come off today. Happy trading :)

Entrenched

Possible target in the 9,500 -9,000 area in my opinion

Entrenched

I see a possibility of gold dropping quite a bit as long as there arent any additional trade related or Iranian conflict risk, imo. I dont believe the fed will cut rates especially now because q2 real gdp and q2 real pce were both revised up after the strong retail data friday, amongst other things. At anytime price is over 1350 the short becomes high risk imo....

Entrenched

Just a thought on a possible short swing

Entrenched

Just a thought

Entrenched

Could drop to 1.1475 again, if so and that holds , 1.1600 looks possible. No guarantee it will fall again to 1.475 but if it does come down a bit , i would be watching that area for a possible bounce up... happy trading , just an idea

Entrenched

Just a thought... i think eu may comedown a bit to 1.1920 then up again to test the 1.1990 area then possibly down again to the 1.1935 area . If that were to hold i would expect eu to test 1.2020 and if it can get and hold above that 1.2090 seems possible. Important to note , that if eu gets under 1.1900, 1.1855 becomes a possibility... happy trading

Entrenched

Just a thought...

Entrenched

Im thinking Draghi may try to talk down the euro a bit tmrw... not trading advice, just an idea of a possibility... 1.2340 might hold in the near term if it did fall. Then a possible retest of the highs.. 1.2425 is still possible imo, but if it does fall im thinking 1.2260ish if 1.2300 breaks... happy trading

Entrenched

Its important that 1.1860 holds for this to stay valid... above 1.1915 , mid 1.19s is in focus... not trading advice its just my thoughts...