The lack of top wick on the daily bar indicates that the market is making a liquidity grab before moving further upwards. If BTC flips bullish on the daily we will most likely see a wick fill towards the 48000 level.
Higher timeframes are bearish on gold and currently trading at support. A break below support will be good for sells towards 1826.36. Buys above resistance means gold will simply made a retest before containing back towards 1877.
Simple analysis on GJ today with buys above resistance and sells below support. GJ is currently trading at daily resistance with a rejection at this level could signal strong sells.
After making a perfect retest on support around the 41620 level, BTC is looking bullish for the rest of the week moving back towards resistance at 44400. I believe we will see a good move towards the next resistance level and continue further bullish towards the next level at 47500 with BTC forming a strong upward trend with good phase 1 and 2 structure. The...
Gold looking good for sells below support. Buys are tricky for short term trades and scalping as the zones to the left are too choppy for a clean and easy trade.
GJ looking good for sells with it currently at a great retest level to continue further bearish. We also have a fake out level around 155.66 and good potential sells below 155.40
BTC looking quite bearish today with the possibility of retesting support at 41100. Long term outlook is still bullish so long as BTC respect support and breaks above the minor support at 42820.
GJ is at a strong resistance on the higher timeframes. Ultimately looking for early sells below minor support at 157.25, otherwise below support at 157.225.
Gold has made a big rejection from support on the higher timeframes, bias for today is bullish with simple buys above resistance. Sells below 1821.78
With the end of the week in mind it would be ideal to see BTC respect support at 42650. It made a good rejection from the wicks to the left (42650 level on the daily timeframe), if BTC closes above support today I believe we will see bullish continuation towards previous resistance at the 44400 level.
As predicted yesterday, BTC rejected support and started to fill the previous day's wick. I expect the same to happen today, a rejection from support with the daily bar flipping bullish and continuing upwards towards the 45500 level.
Bias is bullish today for GBPJPY. Will either wait for a retest on support before taking buys or a break above resistance.
Simple buys above resistance and sells below support.
My bias for today, I think BTC will flip bullish today and break its own high. After which it will continue its move to fill yesterday's wick at the 45370 level.
Waiting for a wick fill on the 1h before we continue bullish (1815.4 level). No sells for today as zones to the left are too choppy.
Simple analysis on GJ today, potential buys above resistance and potential sells below support. GJ also at strong Daily resistance so will be cautious with buys.
Current 4h bar is showing some rejection to the topside, indicating some bearish strength in the market. Bias for today is that BTC will continue pushing bullish and follow scenario 2 towards the 46800 level.
Quick 13 pips on Gold. The trade: New 1h bar opened and retested previous bar's high. Entry for sells was taken when bar flipped bearish expecting pre NY open volume to continue pushing down. Stop loss 7 pips. TP 13 pips.