Nate1232

Nate1232

Price has broken weekly support and has retested - looking for a short opportunity to take it to support Keep it simple..

Nate1232

Price closed above weekly resistance and could reject off this area to go long Looks like a retracement before dropping lower

Nate1232

From what I can see we are looking at a pullback to the previous monthly lows then potentially more downside

Nate1232

Downtrend should continue from here - looks to be retesting consolidation, would need to wait for confirmation before taking

Nate1232

Overall trend is short but we are currently retesting a previous level IMO - always follow the trend

Nate1232

For anyone looking to short XXXUSD I would strongly suggest waiting for confirmation, right now XXXUSD is in a strong uptrend as there was little to no pullback all year The market does tend to repeat itself so knowing that we can look at shorts around March 2023.. GO WITH THE TREND

Nate1232

XAUUSD finally broke monthly support.. I am waiting patiently to see if the down trend has finally begun Looking for a LONG TERM SHORT

Nate1232

Currently BTCUSD looks to be consolidating for a bit of a retracement then trend continuation to the downside But we will have to see how this plays out Dont think the trend is going to reverse just yet

Nate1232

GU has double bottomed and has had a very long downtrend without much of a pullback - if price breaks my zone then i will look for a retest and a long to the next area I dont think this is a trend reversal just yet but a decent enough pullback

Nate1232

It appears XAUUSD has finally broken out!? Last months candle closed below support with a lot of selling pressure - we could be looking at a retest this week or a proper F'n meltdown for gold

Nate1232

Looking at a long position on AU for the week ahead - price has had a considerable drop so we should be seeing a retest of an area where price recently broke out of

Nate1232

GJ has broken resistance and is retesting for support - waiting for confirmation before long

Nate1232

Looking at the chart we can see USDJPY has broken a Key weekly Level and "should" come down to retest it before heading towards the next major area of resistance

Nate1232

After that choppy retest we should see this pair go long as now the other XXXCAD pairs are ready to go short market correlation at work! We are also see a double bottom to the left and price is respecting the neckline which adds to my confluence - waiting on a good entry early next week

Nate1232

I believe we are looking at a retest and then a long position on EURJPY

Nate1232

looking for a rejection to take this short to support

Nate1232

After taking a second look at this chart it looks like BTCUSD is failing to break this daily level - if it cant break through this area then we could see a huge drop back to its untested monthly support level... could go either way so be careful if you threw all your money into bitcoin

Nate1232

Unless this current level is broken price is going to fall to its next visible level which has been highlighted on the chart This could fall further and be the start of a "crash" OR we are just having a large retest before this shoots off into space