Gold, GLD, XAU, AAAU WHATEVER, However you enjoy your morning coffee there's a TON to be heard and said about GOLD. Monthly chart (not picture here) pointing to exactly that, a CUP of coffee or tea depending your side of the pond. Bullish breakout of the 30min channel, and of course the doom of the R word on the horizon.
Technicals setting up nicely on a simple...
A clear scenario playing out with USDCAD moving into the new year. DXY is still on a very clear bullish up trend, look for areas of market structure to be be respected before entering any positions. Although the outlook may seem clear, im still looking for a rejection at the 1.2850 area before entering a second position around 1.27670 area. The last week of the...
US30USD entering technical area of previous S/R. After failing to make new highs in the market last week, there is a strong bias to the downside surrounding global fears of Covid surge across the globe. Trade cautiously moving into the new year
Areas of opportunity-
E: 35680-35700
SL: 35790 (100-120pips)
TP1: 35056 (500pips)
TP2: 34257 (1415pips)
After a bullish break out of consolidation, looking for a test of its previous resistance for support around 0.9018. If all confirmations line up, we should be met with resistance around 0.908 where the narrative could possibly change.
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FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all...
Update from June 19th's idea. UCAD found support at a previous short term resistance zone, where it provided a bullish expansion and staked a LH opportunity where we pulled the trigger and entered the market, currently running 40pips in profit. We will monitoring this closely as markets are being effected tremendously due to an uptick in positive Covid cases world wide.
As June's month is dwindling to an end, we are eyeing area of support of 1.23-1.28 for a bullish LH engulfing sentiment to enter a long position for the new month.
SMALL CHART EDIT \\ UJ finding strong support area of 106.5-106.8. We will be looking for a rejection off the 107.4-107.5 and find support at 107.0-107.1
Price is showing strong bullish engulfing momentum on the higher time frames after recovering from March's lows. We should expect strong fundamentals in the week to come, with no shock to the dollar as we remain...
UJ finding strong support area of 106.5-106.8. We will be looking for a rejection off the 107.4-107.5 and find support at 107.0-107.1
Price is showing strong bullish engulfing momentum on the higher time frames after recovering from March's lows. We should expect strong fundamentals in the week to come, with no shock to the dollar as we remain flat on interest...
China. Trade. Deal.
Major support found, higher high, higher low. Inverted head and shoulder. Listen to the market on the larger timeframe, the big picture!
We are watching for a clear break and bounce after recently breaking out and closing above the descending channel resistance. If we have a bullish candle close on the 4hr, we should see a solid push to 1.36450-1.36800. If we have a clean break of that area, we should have strong bullish momentum to 1.38730.
Gold failing for over 4 hours to break above the minor resistance area. With the area consisting of major consolidation of the last 2 weeks, with really no bullish momentum to carry us past 1742.50 since mid-May, we should see this break down to the lows of the rising channel around 1700-1690. If we find support in that area, we will be looking for an break or...
Watching keys areas of retracement to confirm a short bias. We witness areas of consolidation and expansion, lower highs and lower low's are starting to form. All of this before tomorrow and the rest of the weeks Federal reserve testimony, interest rate decisions, where the emotions on Wall Street are signaling to a stronger dollar. We will be eyeing the 1.3600 -...
As we approach the 26900 sell zone, we are witnessing a complete rising wedge with phases falling drastically out of momentum. If we fail to break directly out of the upper channel resistance, we should expect a pullback toward 26200 zone before a final break to the 26900 and possibly a repeat of March's sell off. With rising concerns surrounding China, a spike in...
After recently breaking through the last 2 months hourly resistance zone of 135.400-135.600, we should expect an exhaustion of this first bull leg back into the previous resistance zone, for our second leg into 142.000-145.000.
Over a months long consolidation stuck in the 0.63750 - 0.65670 zone, we noticed a clean break up to the 0.66787-0.66389 sell block zone. Following "The Box Strategy" we should witness a push & pull through our "cap zone" 0.66214-0.66023 and our profit wave reaching 0.62577 (380pips)
With having a clear break out of the 1.38400-1.39000 zone of support, the bears have stepped in. Our next level of minor consolidation is the 1.37000-1.37800, before we should really see a string push back to 2019's daily resistance of 1.33190.
