XAU/USD still has a way down to GO! WEEKLY lower high and lower low structure = BIGGER PICTURE DOWNTREND.... Bottomed at 1132..(was expecting 1100) and had a choppy corrective retracement but STILL put in a lower swing high on the Daily TF...(1227 ish) Now awaiting downside continuation with 1130 to be hit then 1070 (forming a new lower low) Read price action...
Again been monitoring GBPUSD since i called the reversal at 1.7000 (on my Youtube channel) Broken Daily ascending Trendline and fulfilled both targets (point 1+ point 2 of trend line) attached FIB from the significant high to the morning star formation around 1.6100 to form FIB B.. Seen a slight retracement due to the scotland vote back in september which was a...
Have been monitoring EUR/JPY on all timeframes for a substantial amount of time Higher high + higher low P.A formation carried out in the weekly uptrend.. Fib A,B,C formation in play with D extension (153.00) yet to be achieved. Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.
DAILY SUPPORT + RES FOR THIS PAIR. NOW BELOW SUPPORT- DAILY CLOSE WILL INFACT DRAG THE PAIR LOWER. Overall Downside Bias on EUR/USD since the weekly T.L Break around 1.3500.. P.A rules suggest point 1 of this weekly trend line does need to be fulfilled technically as we broke below point 2 and is now our immediate RES level... Strict Sells only on this...
Overall Downside Bias on EUR/USD since the weekly T.L Break around 1.3500.. P.A rules suggest point 1 of this weekly trend line does need to be fulfilled technically as we broke below point 2 and is now our immediate RES level... Strict Sells only on this pair.... only looking to change bias once i have seen daily reversal formations around 1.2040- 1.2000......