Gold on the higher time frame is making HH and HL's. Price most recently pulled back into previous structure acting as support at 1523.052. Price came 53.2 pips away from hitting the 61.8 Fibonacci % level however, it came close enough to consider this. Overall bias is long to the 1.27% extension until further notice.
Price has made new lows and pulled back into structure and the 61.8 Fibonacci % level. Most recently price has given an entry signal target 1.27 extension.
Price has broken previous structure lows and has most recently pulled back to retest this level also lining up with a 61.8 Fibonacci zone and a round number. 3 confluences along with a counter trend line break makes this a high probability trade to previous lows if entry level is hit.
USDJPY on the higher time frame has been in a confirmed downtrend. Most recently price has made a new low and pulled back into the 78.6% Fibonacci. Price began to form a range consolidation whilst it decided which way it was to continue. During this range price had broken the counter trend line I had and then broke out of the range after the retest of the range I...
USDCAD has confirmed new highs and has most recently retested previous highs also finding resistance at the 61.8% Fibonacci and psychological round number. Price showed a form of rejection at this level by forming a double bottom and breaking the counter trend line. Aggressive buy according to my rules.
EURAUD was in a triangle consolidation on the higher time frames price broke out and on the retracement hit a 61.8% Fibonacci which I missed my entry on. However, I was able to take advantage of the break below structure which will hopefully take me to the widest point of the triangle extend onto the break of the pattern.
Price is in a uptrend before it took a breather and was in a range before we saw a breakout retest and I will get involved on the continuation.
Higher time frame is making consistent higher highs and has now pulled back and found resistance at a Fibonacci zone and psychological round number for added confluence. Entry was found on the break of the CTLTP1 peak of the highs TP2 Fibonacci extension.
A bit late on my publishing however, Daily has made new highs to its most previous leg and on the pull back has found support around the 61.8% Fib zone ascending trend line and the 1.59000 psychological round number. Price broke the counter trend line retested previous structure and I was able to find an entry on the continuation. Stops below the last low target 1...
Here you can see that Price has broken below previous daily structure and had most recently retested this level of structure PA had shown some indecision at this level on the H4 before a bearish reversal followed by high momentum candles which have broken my counter trend line on the H2 we have seen a 1 bar retest of a structure level, we could either see a deeper...
Daily price has created new Higher and has retraced and found support at the 61.8% Fib which lines up with a psychological round number. Today's Daily candle is currently forming a Bullish belt. Can it close as one??. H4 has now broken and closed beyond both the inside counter trend line and the outside trend line. I am now waiting for a retest in order to find an...
On the Daily chart price has come up to Weekly highs and is now showing lower lows with high momentum candles. Price has broken this structure I am now waiting for a retest of structure in order to get involved on the continuation.