We see a lot of down potencial, must wait for brake of structure, change of structure on 3H and 4H. If we manage to do that, we will possibly have a double top pattern conformation, retest of neckline and a good trade setup for sell, where we will be risking 200 pips, maybe less, in exchange for 1000pips return which is fantastic! R/r in this case will be 1:5,...
Everything goes smooth.We are expecting the price will hit our target mark, and it will continue to drop as we predicted. Chance for another good sell set up is in the picture.
We are in consolidation for 6 day now. Big TFs and smaller TFs are not showing the same story. We will wait for a clear sign of break, and than wee will consider some good trade set ups.
We can see a numerous signs of vunerable GBP, on charts and in FUNDAMENTAL analysis. Corona virus is taking down the Europe again, will see how it will ipact the market. Stand close by the carts in the next few days.
I am not trading the US Dollar index, Im just analyzing him for US pairs. His movement I use like a conformation for the direction of movements of US pairs. In this case, I can see (clearly) a signs of US Dollar resurection. This can be the breaking week and US Dollar can gain strenght this week. Will be looking closely these days.
Everything is possible, but EUR is showing a weakening trend. Need to see how market will open to see if we have a short possition on our hands.
Insecure JPY is showing some bearish movements. Be patient and search for new lower high on 4h time frame to confirm a selling opportunities.
Neckline of H&S didnt hold. Looking for buy opportunities.
With a conformation of US index falling down, we can see a strong GBP. With an election in the US in November, we can expect this scenario to outcome.
We see a clear change of structure, we need to be patient and wait for support to be tested. If it holds and if we get a bullish candlestick conformation, we will see a bright future for yellow metal.
Description on drawing. COS on weekly/daily. US dollar is still vunerable.
With a clear H&S reversal pattern, we are looking only for sell on EURUSD. We need a conformation like bearish eng on H3 or H4, evening star on top of this little up trend on lower TF-s,or such.
Im giving Jpy chance for a bigger rtc. After that im expecting a big bullish move. One more conformation is rise of US dollar.
Description in picture. (Even if I said in my last idea, that USD index will rise, I am convinced that CAD will remain strong.)
If we have a possitive (bullish) daily conformation on monday, we will have a conformation for strong USD move.
Everything points to stonger USD and weaker gold. Looking for new lower high on lower time frames. Then entering a short position.