AS retailers buy back banks quantity of $EURUSD shares this week i would love to see this pair to the south side but institutions still have big big buy shares, looking to bigger picture we can see a great development of reversal structure (H&S) i cant guaranty that, but probability is high as they will cool down shorts and add longs my point of view we have...
as @Canada breaks the down channel to the upside , loony have one of 2 choices 1- retest the upper boarder of broken channel ( 80%) 2- boost the buy pressure of $USDCAD(30%) so what we have to do ? from my point of view as banks selling shares to institutions (smart money) this week usdcad will move lower nonetheless smart money are bet on selling #usdcad...
as you can see after we broke last resistant turned support i was talking about how lovely it might be in my previous analysis ... as structure leaves clues this broken resistant must retest soon or later, but the question is do we have top formation at the moment, looks like a head and shoulder pattern if its activated then we may see price retest that broken...
after these 3 tops market now breaks below the 3 tops support area in which it might give the pair a strong bearish bias as long as we are trading below the red box ... trade safe ...
as you can see on the chart we may see gold trade between these levels shown in red box, upper boarder of this box is the 38 fib lvl and previous support turned resistant to the up side, and lower boarder represent cluster support both trend line and fib level ... as long as we are trading inside red box we may see structures to give us further clues, but best...
do you remember my last idea it, the opportunity of selling the GBPJPY pair, as long as we trade below the confluence resistant area... Now things have been changed, we are trading above the consolidation boarder, in which it represent broken resistant now active support, based on wave analysis we may see a big wave developing (blow wave1-5) and the new support...
as you can see the yellow metal reach a cluster level of resistant both monthly and yearly and always yearly level is not easy to take and break .. now we have to see the levels that mentioned on the chart to hit .... trend line support still intact till the moment, but if we breaks it to the down side the nearest level is the blue line trade safe
as you can see on the chart we think that the bias still bullish on 5th wave leg but at the same time the pair is reaching a strong lvls of confluences it may give a break and profit taken for bulls or bears may take the control of a new move down .... yearly and monthly pivot a head for this pair .. trade safe
nothing to say much but as you can see on my chart everything mentioned there ...
as i can see this gold market may stay in a side ways levels as shown on chart ... as long as we are trading below price lable shown on chart XAUUSD may be drift lower to test last dip ... if we break that price line and the dynamic trend line resistant i think we may fly toward next level as shown on the chart ...
this is a big example of great fake out on this year ... gold will continue to move higher toward 127 ext in which it represent the max point of turn around move this thing may move higher if we break the last high ...
Greetings everybody this is jamil garuity S/T . its been so long that i havent post any because i was in a long trip vacation now ma back. a lot of reason makes GBPJPY good to invest with now a days .. as i mentioned on the chart .. good luck all of you traders
the best analysis, is the beta analysis ... now eurusd is in a real sideways market and it might stay as it should , buying here is the best chance ... pla stop must placed wisely target at least the upper boarder of the manipulation area .. for me am long with 2 targets
i think we have opportunity to sell and buy at the same time ... manipulation is great in this pair. sell target lower boarder of yellow box buy target upper boarder of yellow box when sell hit the target leave the pair to move opposite direction and vice versa .
down side move still processing and more down pressure is expected selling now is a good opportunity to cash 90 pip
i think we trade in this yellowish box as manipulation is imminent, selling opportunity is found now as we spot this 53.50
what a great chart looking it is worth to take this risk on this beauty chart ///
gold is trying to manipulate some orders but eventually it will move like this ... play it safe