We've trended to the upside for quite some time on this pair. Price had a deep pull back to the 74.600 area of support. Now, this pair is setting up for buys. I will wait for a breakout of the 15 min consolidation before taking any trades. Once price breaks out, I'll be waiting for a retest, continuation patterns, or candlestick confirmations. I'll follow the...
As we clearly see, we're sort of inside an ascending channel with the higher highs and higher lows forming. Now, price has pulled back to an area of support, a possible higher low. Entering long, to see this bullish momentum kick in to create a double top and possibly reverse. We're at a daily resistance too, so we should watch out for stop hunts.
As shown clearly, the 200 ema has supported this pair to the upside throughout the years, and is still supporting it now. I'm net bullish on XAUUSD until price is well below this sustainable moving average. However, on the short term, price is on the bearish side of things with the strong bearish move from the supply zone of 1960. We should keep that in mind as...
We have seen a consistent rally to the upside during the past few months. Many Bitcoin-wallets have changed numbers, many have their lives changed. Now, a bull flag is forming on the H1 time frame. If we see bullish sentiments kick in to break outside the bull flag, $50,000 is imminent. But looking at the last 3 daily candles, momentum looks momentarily lost and...
Still profiting from this long trade, we expect price to kiss the previous lower high and continue to move down. We're waiting patiently on this one.
Having followed this pair structurally, we have seen the trend shifting from the downside, to the upside. As trend followers, we're buying Gold to the upside. At this market open, we had a strong breakout to the upside of the 1900 region, and we'd be waiting on a pull back to fill in more buy positions. That's the next move on XAUUSD.
Looking at the daily time frame, price is currently exhausting and preparing for another push phase.. Now looking at the 4hr time frame, price is currently testing a key level and is showing signs of rejections. We're looking to see if price will continue pushing down and create the next lower low.
After this continuous downtrend on this pair, we might possibly see a pull back to the upside.
Just as our last analysis, we followed the trend and profits we're made. More updates will follow up on this pair.
The reason behind the setup is simple. It's an uptrend with higher highs and higher lows. There's the 50 ema supporting the trend. Price rejected support.
As we said from our last analysis, this one gained over 900% in two months. Now a pullback is imminent. Don't let the fear of missing out get in at the wrong time. Once we see a clear pullback, we could get into another buy on BITCOIN. Again, if we breakout, it's a good sign that this trend is here to stay.
It looks like we finally shifted structures on GBPUSD. This strong sell off this resistance shows that the sellers are really holding strong to that key area. The structure is slowly shifting and we should start forming lower highs and lower lows soon. Still, we need to be patient and not get trapped in a no man's land.
We see this inverted head and shoulder which blew out the resistance. Now we'd wait for a pullback to continue this trend to the upside.
We see how have rallied to the upside after testing the support at 1.2800. Now price is at a very strong supply zone, and is more likely to start trending to the downside. We begin to have sell bias on this pair until it breaks above this supply area. Following structure, look to take short positions when structure shifts on the lower time frames.
Following our last analysis on this pair, the rising wedge and bear flag looks to have finished forming. The last structure is been tested, and we might continue moving to the downside.
An ascending channel forms along this trend.. We'd be waiting for the double top to be formed before taking sell positions..
We're keenly interested in how this pair moved lately... It looks range bound on the daily time frame, but trends on 4h and 1h time frame... Having met the 0.67000 resistance, we'll be waiting for clear rejections to take sell entries.
We see how price has rallied all the way to the 0.90000 resistance... Waiting to see how price reacts here, either rejecting or breaking through, we'll see.