Richie242

Richie242

GJ has recently broken out of a previous ranged that was established last week. Now we're seeing the market pullback. I'm looking to take buy positions at the most recent level of broken resistance, we also have confluence at the 61.8 H4 fib level.

Richie242

Price has broken above Daily key level 1.18377 for the third time. This market now looks like it is forming a potential pullback to retest this key level as support. I will enter once I get bullish Price Action confirmation. First target will be 1.2000 area.

Richie242

AU made a bullish breakout this past week, however it failed to retest previous broken resistance as support. This market has also rejected the High formed on June 10th. If price breaks support I'll be looking for a pullback to broken support. First target will be the low of the recent range.

Richie242

AJ has been in a range for the last couple trading weeks, this market has also been forming a triangle pattern. Will wait for a break to the up or downside before looking to enter on the pullback

Richie242

GJ is currently stuck in a range, I'll be waiting for a breakout and a retest of the range before placing an entry

Richie242

Similar to GJ, GU closed with buyers exhaustion on friday. Looking to see if price can break and retest 1.26700 to continue the bullish impulse wave on the Daily TF. If price creates a LH or a Double top, I will look to sell until price reaches 1.25400 and reject that area to look for buys, a break below 1.24627 will signal a Bearish trend.

Richie242

AU has been stuck in a range but has been producing minor HL's within the range. Won't look to take buys until .70000 area is broken and retested as support. I will only look to sell after price breaks .69222 and retests as resistance

Richie242

AJ has been stuck in a range the last few weeks. This past week it created a new high however on Friday it broke support and went back into the previous consolidation range. Will look to see if price can hold the broken level of support as resistance.

Richie242

GJ closed on friday showing signs of buyer's exhaustion. Will look to see if price can break 135.900 to continue the bullish impulse wave on the Daily TF. Another area of interest is 134.707 which was previously broken Resistance. If that area fails to hold, I will see a pullback on the daily timeframe as a Retest of the Double Bottom Neckline.

Richie242

GU on the Daily TF has broken bearish structure and is now starting to pullback. Next week I'm looking for this market to find support at previous resistance (1.25400 region) or previous support (1.23500 region). TP Projections will be Monthly key level 1.3000 and 1.27600 respectively.

Richie242

GJ on the Daily TF has formed a double bottom pattern and is starting to show signs of a pullback to retest the neckline. I'm looking for price to reject previous support in the 134.000-133.400 area. A break below this zone would make the pattern invalid.

Richie242

Bullish momentum on GJ has been slowing down, bringing sellers back into the market. Waiting to see if this market can bounce up from 134.581 area to form a potential H&S pattern. Price still has the potential to keep pushing beyond 134.581 from current level.

Richie242

AJ has been in a range the last two weeks. We can see this market is creating new floors within this range. If we can get a clean break above and a retest 75.092, our next target will be 76.790. A break and Retest below 73.310 will have us looking at 72.532 as the first target and 71.926 as our second target. H4 is also showing a potential Bearish divergence.

Richie242

GJ is in an overall downtrend however it broke out of bearish market flow. Price is on a minor uptrend but is starting to slow down in momentum. RSI is currently showing H4 bearish divergence so we can expect a potential double top as an extra confluence to take sells this week. If the market breaks and retests the previous high, sell bias would be invalidated.

Richie242

GJ formed a H1 triple bottom and is now showing a huge impulsive bullish move to break out of bearish market flow. I will wait for the market to pullback to 132.900 or 132.600 area and form a HL before placing buys.

Richie242

GU has been in a downtrend for the last few days however, it failed to make a new low and has broken out of bearish market flow by forming a double bottom on H1. I will now wait for a pullback into the 1.23356 or 1.23147 regions before looking for buys

Richie242

Waiting to see whether AU makes a new low or a new high before determining whether to look for sells/buys. This market has been making LH's recently but overall momentum the last few days has been weak.

Richie242

AJ has been in a slow pullback the last few days. Buyers are struggling to make new highs and maintain uptrend structure. Price has the potential to keep moving lower before reversing at 71.000, which has confluence with 61.8 Daily Retracement and monthly key level 70.000. Until this market makes a new high, I'll only be looking for sells this week.