After breaking yesterdays hourly range, DJ30 is continuing bullish today and looking for a new hourly top. We have a stronger pullback in M15, reversals in M1 and M5 that have not indicated continuing yet. I do not expect much indecisiveness of DJ30 today even though, the new hourly floor is a dominant zone.
This has already built an hourly top at a strong H4 level. Gold could be breaking above with that dynamic, we also have order volume below, which we do not know if gold is still interested in. At least the last order block should be reached by tonight or beginning of next week, even if gold wants to break further above. It could also be reversing until CAD and...
The move was too fast, and I was busy with gold, i might just leave gold for next week, its a little annoying ... :) Use RSI for entries.
As i thought yesterday it would break the hourly top, but the current downtrend is taking too long for a retest, unless its a retest of some higher timeframe like daily or weekly which i do not know. So i m waiting for clear signs of reversal in M15/30 to pick up at the pink zone. If reversal is at a higher price, but you see clear pattern and higher high higher...
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If DJ goes bullish and breaks the Key Level above, we are expecting a bigger bullish move throughout the evening.
Bullish momentum is strong, News striked our first Entries but we can enter as soon as H1 breaks the zone and comes back within the first 10 or 15 min. Do not take reentries. Wait for candle close in H1. 300pip SL and for Exit 1 hit before setting BE.
News was slightly negative on USD but it pushed DJ up. Is the (tech-) industry currently connected to Eastern companies like TikTok aso. ? Correlation between Gold and DXY is currently out of order, like the last time in 2008 or 2020. Lets see where it wants to go in the next hour and decide then. Todays News are positive on DXY.
Be careful with CAD News in 1 hour. I m waiting for BOS in M30. M15 is gone for the first idea. Lets see how far this goes.. RSI H1 and H4 looking good.
Chances are this is going to reach higher, we are still in the pullback of a swing low, so careful, this could become a swing high. Also News in few minutes could reverse the course. So i want to wait until it calms down. You can take the bullish move with higher risk (150/300 pip SL) This is not my trade i rather stay patient. Keep an eye on RSI, as it shows...
The daily is showing baerish with big wigs, I expect more manipulation before this goes its way. Maybe News will define a new direction on Monday afternoon. If positive momentum is over and I see clear direction I will update you here :) might break the ceiling. Currently still active. (Many buy orders came in last week around 157.153) Do not reenter this trade.
Sometimes we are not very focused or we are busy and dont see an important event coming. In this case I use zone to zone. When the price is about to break a zone I look at candle close beneath or above the zone from M15 to H1. The higher the time frame the stronger the confirmation. When momentum is strong, i use M15. 1. Wait for candle close (beware of fake...
Who wants can take the third wave in the hourly for the Asian session. 300 pip SL Premomentum, slowed down, direction is clear, a correction can happen at any time, in this case use the fibs t o find a reentry
If I didnt know this went all the way down last week I would look for sells in this setup, but because a lot of data is missing, in which it reversed various times, it could become a buyers market and break bullish. There are a bunch of Key Levels at the current price. Do not like this area.. Period.
Fun fact: I dont know what happened to all that movement from last week, i m also pretty sure I m not an alien, but I had more data on friday which dissappeared... Checklist to repeat: 1. Do I have a clear direction? 2. Is momentum going towards my direction already, or do I want to enter premomentum? If so, do I have confirmation of general (higher timeframe)...
I have a weekly analysis here where we see that Gold is reaching a new hourly floor at an Intraday Key Level. We do not know where its going, but it looks like buyers get more and more intersted depending if they expect a lower reversal or not. (I do not think we need more resistance to start looking for reversal patterns in H1 towards bullish) Will keep you...
Wait for BOS with candle close, if it pulls back take any other zone with Exit 1 at the next zone. 300 pip SL
Waiting on pullback in M5 for an Exit 1 trade. Set BE after Exit 1. 300 pip SL on first and 500 pip on bigger pullback, if course gets there.