Chart speaks for itself. OB about to get hit, corrective structure after the impulse down gives us further confluence to take this trade with a bearish bias.
NZD just ran into a key OB zone. Great price action structure with a double top formation. We are looking for a swing short to a retracement zone that confluences with key support.
Taking a sell position from the 61.8% retracement level of the impulsive move down.
Price Action running into a key Resistance/Support(OB) level and we are expecting a rejecting from this point to resume the downtrend all the way to key support where the correction began
In similar fashion to EUR/USD analysis, we can see a bounce from the 61,8% level of the original impulse up and a move to the outer structure to complete the third touch before we can see some serious selling. A lot of retailers are selling now and are going to get caught on the wrong side of the market before the big move to the down side. Further confluence is...
More advanced analysis - Impulse, correction and continuation to follow on the inner structure after bouncing off the trend line but the overall structure is a three-touch channel after an impulsive move.
Simple clean setup from the 50% retracement level.
Simple clean setup from the 61.8% retracement level
Heavy short retail positioning getting retailers caught on the wrong side of the market. Smart money will push prices up for a good buy opportunity from the 61.8*% support of the impulse up.
Trend is your friend. Chart speaks for itself.
Gold at a great area of support with a 50% Fib confluence of the impulse up. A typical setup we take is this bull flag that will form the continuation impulse up. Expecting a DXY reset to the downside as well as retail positioning being largely short on gold we expect prices to rise for the precious metal
Typical level to level trade. From the 50% retracement level of the impulse up to the 61.8% retracement level of the impulse down. Market inefficiency will be covered over the course of Monday and if need be Tuesday as well. Will be monitoring price action as this is just the first target - I believe price can move up further
Price is at a very key level of support at the close of the month. Price closed and held just above the 50% retracement level of the original impulsive move up. Looking for a buy at market open as the Asia session will waste no time on this move as AUSSIES will be up first