If it resists above i'm going to take a small short with strict SL targeting 1848. Looks like a H&S forming on the 1 Hour chart so we could correct yesterdays move. Not trading advice.
4H: OANDA:XAUUSD Gold needs to break out on the 4H in order to test lower levels. Right now we're waiting for the next 4H candle to form and will analyse the market from there. I'm looking for a break of the trend-line to go lower or the formation of a double bottom to retest the higher price points. We remain neutral on the longer time-frames so will...
Looking for a test just below, IHS on M15, 1H chart showing its broken up out of the trend but still has some work to do. Will test a small long entry here.
Looks like its going higher right now. Waiting for NFP before I take a trade, chart is for illustration only, no trades open on EURUSD
Showing me similar levels to M15. Ideal scenario for me, it pulls back a little during NFP and heads for the upper target. Will test the waters with a small short IF it gets up there. M15 channel on the previous chart
M15 playing in a small range waiting for NFP release. Might test the top with a small short.
Waiting for the right shoulder to form M15 Small Long trade to test the top
Looks like DXY is ready to fill a gap above. If I don't get a retest of the lower support i'm going to take a small entry for a long. Will set a stop at entry once in profit. Just my thoughts.
This is what i'm looking for today. Hopefully an short entry around 1776-78 and a TP at 1757.
I would hope there to be some retracement on open and during Monday. Overall my bias remains down further. Levels are there to see. 1794 and 1810 look to be a crucial zone for this week. I have a lower level of 1760 short-term which is not on the chart. Any buyers from Last week will have a load of stops around there so it wouldn't surprise me to get an...
This is a scenario for longs. We're looking for support around 1796-1784, the price should ideally wick in that region and close above 1810-13 on the Daily. Target 1: 1830 Target 2: 1840 Target 3: 1850 Optimal Entry - 1795 Stop Loss - 1775.00 I want to be out of longs if we head towards 1850. My short-term view is still for the price to go further down so...