Bias is that Gold will sell to the 2644 area before making new high
Looking for AU to retest and create a right shoulder before continuing selling. Small buy placed around .64300 to ride Pullback
15min , 1hr, and 4hr all show strong movement from this area. Looking for a possible entry to join this wave and continue this bullish movement to the upside.
BOS on 1 and 4 hour timeframe. Market should retest and sell down first and will explode up to weekly/daily/4 hour bearish zone. Will look for long term and multiple sells once hitting top zone. Looking for initial buy from .66840 zone first.
AU will be looking to reach that demand zone that caused the Daily BOS. 4 Hour shows strong support with an 1 hour engulfing inside Looking to take 15 minute set up to the downside before ultimately getting in for a buy Two Possible demand zones Second one at bottom has more confluences than the one above for buys (1 hour Bullish engulfing) = HUGE momentum...
Support/Resistance on key levels 4hr engulfing on resistance/turned support Great risk to reward ratio Looking for correction before entering
Two spots I can see bitcoin pushing from. Hopefully market will correct itself soon
Gold has formed second long on daily, looking to take this thing on a buy from either area
2nd leg of W on monthly meaning DXY is going to keep buying ad all xxxUSD pairs should fall, while USDxxx pairs rise. Even though it's pushing into an Bearish Engulfing zone I like to see it get violated to keep rising. If not I can see it hitting that engulfing zone, selling to the next engulfing and then pushing up to give a right shoulder .
Found some equal highs that has to be cleared. Based off my DXY all xxxUSD pairs will buy a little bit more before selling . Feel free to share/comment/share ideas
As you see here DXY has formed some gaps on our charts. As you know those gaps have to be covered. As of right now market has reversed for DXY , which means xxxUSD Pairs should be on a Sell. Mid-week reversal is what my team calls it. My idea is that maybe gap 2 gets filled before gap 1 which would give us some beautiful pullback entries on those xxxUSD pairs. S/O...