US Dollar index will rise more and more. Price will correct in wave 4 from wave 1 from wave 3 or C .then will continue in up trend.
US index as our view will be in down trend to 101.850 as correction. confirmation break 103.35 level.
the price finishes the wave c from b in correction wave, expect to rise up to complete wave C. SL : 1.0800
waiting price to retest 1904 - 1907 area to raise up to complete wave 4. targets after close above 1921 are. 1932 then 1942. Sl; 1898 .
As attached picture , USDCHF for sell from price area 0.00325. I prefer to wait until price close below. 0.87760. TP: 0.85540 SL: 0.89000 BE AWARE FOR RISK MANAGMENT
As my view the US10Y inside ABC correction. wave C end at price range 3.714% The correction will be invalid if price close below 3.615 %. we use US10Y as additional tools to analysis the gold. The relation between gold and US10Y is Inverse relationship.
For week 07_08 till 11_08 The price now in wave C . This scenario invalid if price close below 1925. First target 1982 (nick line for head and shoulders ).then 2007_2011
**For week 31-7-2023 until 04-08-2023. Price : 1959 My Idea about Gold the price will go down from price 1968 to 1932 -1930 to complete wave c from 4 and then will rise to 1982 again. *If price stay above 1982 it will continue to 2007 - 2011 to complete wave 5. *Looking for price action between level 1968 and 1972 to sell. ** SL 1975 (70 pip from 1968) **...
EURJPY IN UP TREND BUT NOW THE PRICE RETEST HEAD AND SHOULDER PATERN ( 4H FRAME ) FOR SHORT POSITION FROM CURRENT PRICE AND TARGET 117.650 (SL 118.95) FOR LONG POSITION ( MAIN TREND ) ENTER FROM 117.620 AND TARGET 120.600. (SL 117) CANCELL SHORT POSITION IF PRICE MOVE UP AND CLOSE AFTER 119. NOTE : ENTERING THIS IDEA AT YOUR OWN RISK. DO NOT ENTER THIS IDEA...
PRICE RETEST WEEKLY RESISTANCE BETWEEN 26.20 AND 28 , AND TRY TO COMPLETE HARMOONIC PATERN ( BULISH BAT ) . TO CONTINUE DOWN TREND MUST CLOSE BELOW 20.15 IF PRICE CLOSE UP 28 LEVEL IT WILL CONTINUE UP TREND SIDE.