decided not to pay attention to news. i never really do unless its a major event. felt uncomfortable going against my original price action analysis. so now im back in my buy. and if it does go against me, I at least know whats going on and feel better about it, instead of hoping that the news gives me a good trade.
selling it to 126.450, before looking for more buy opportunities.
due to news, there looks like theres going to be a lot of uncertanty tomorrow. STRONG safe havens.
looking to add another trade on GJ to break our current swing high and up to at least 141.800
ok se here we see a completion of our MM structure. so i would normally be looking for buys, but from everything ive seen so far, I still wont buy untill i see a retouch, our peak low could easily be broken, thus making the structure obsolete. so ive highlited 2 spots (agua color circles) that have a good entry for sells. depending if your an aggressive or...
here we see our first sign of gold going up. we see it currently in our first phase on consolidation in our MM structure, and bounced off the Monthly line (marron line) but would like to wait untill the 4hr candle here closes to see if it closes above our 4hr line (purple line) to go up to our next best Sell entry, or close under it and take it down to our next...
i see no clear structure of mine on the daily. so going soley off price action, I still see us moving towards the downside in our retracement. will start to look for entries on the 4hr. for it can come back up some, since its in our median of our pitchfork & monthly resistance line.
I see no peak high completion of my MM structure. so still indicates to me here we are moving up long term. I have marked my weekly support and resistance lines (white lines), and highlighting my major weekly resistance zones (white boxes). so seeing as how in our monthly we have a doji, and here we have wicks but no close above our weekly now, indicates to me...
We see gold uptrending, but currently showing us a retracement, so untill it breaks up above our newly formed resistance zone (maroon box), there is now reason to buy here.
we see we have upwards momentum on the daily and here on the 4 hr we see we have a bullish flag pattern, currently waiting to see where it breaks out.
we have upwards momentum, plus with dollar just having lost its strength due to bad numbers on non-farm-payroll. we will most likely be seeing it get magnetized to our next major resistance zone.
looking at usdchf to continue up for another 140 pips
looking for a retracement then continuation to the upside, if your conservative*
looking for a continuation towards the upside. risking 50 for a profit of 150 pips.
looking for a continuation towards the upside to around 142.500
looking to place a buy limit on gbpchf at 1.20550 to 1.21800 (125pips)
looking to continue towards the upside for another 180 pips.
looking at yen to break through and continue towards the upside agaisnt Euro.