We currently have a head and shoulder pattern in lower Tfs but good risk management is important as we anticipate a big drop
it has been stuck in a high bullish momentum but its time to consolidate abit
price is approaching a strong support possible for a rejection
We should anticipate a pullback in this asian session and gold could drop to 1780 then see buyers take over again even higher than yesterday's high ............watch out this is just for education purposes follow like comment and share for more analysis
currently we have a major support which I hope we might see a rejection if the dollar starts to weaken but we need a good confirmation with a good 4H Bullish engulfing candle and it close above 1.15630 to open a buy position since we had a resistence at that zone.But we have to be ready for fakeouts because sellers will think its a continuation for them when...
sentiment is ready to change CAD is gonna weaken way more
LOOKS LIKE EU IS FAKING A SELLS BIAS AND BULLS WILL START TO TAKE OVER.................SUPPORT THIS ANALYSIS? like coment and share thanks
I currently don't Trust the US 's recovery because of previous remarks from powell about the economy were low key suspecious about the US and more pressure on the upcoming NFP I'm anticipating a rejection coz sellers will be faked out because of yestserday's US recovery over ADP in my opinion and GBPUSD will rocket like no ones bussiness.Any way this might not...
Waiting for the price to retrace at the trendlines's support then a continuation to the downside 11 pips SL and enjoy . thanks like comment and share if you agree. thank y'all
fibonacci retrecemet at 38.20% and happening to be a resistance aswell and as we can see it rejected a further downward movement below the resistance so now lets anticipate an upward movement thanks
The market formed a double bottom at 0.92215(resistance zone) anticipating the bulls to take over although I'm not good with this pair but this setup makes sense for a buy opportunity Let's keep monitoring it🔌 keep watching it llike comment and share if you agree thanks wishing you all aprofitable trading week
Looking clear it was a nice retracement and now it has to proceed with the the bulls
High and Low fib retracement on current price is 38.20% a nice key to buy follow like comment and share if u agree. Thank you
From the last High point In 4H timeframe (1.22400) zone we can see that the fibonacci retracement towards the Low (0.19550) is at 38.20%, so far That's my key to buy in this scenario According my experience and what we came across recently its been the same type of move on this zone .This might not be accurate but I believe in sharing Ideas and scenarios...
Aint perfect but Just a prediction lets se how it plays. buys above 1.4430 because once it breaks the resistance then it is gonna fill that 4H wick and push High to 1.74955. Other wise it might reject and go long for bears. Have a nice trading day and like and comment if you support.
once price goes up and breaks this resistance and a new 15 minute bullish candle forms above 21800 then we might have a way to 1.22200 This might not be accurate but give it a chance and let it play wishing y"all a happy trading week week. like if you support the analysis share and comment if its worth it.
I feel like it's a nice grab on that US30 untill US session volume comes in since it rejcted 30825 area