i expalin whats happening on the gbpjpy so be patient in oreder to get the oppourtunity to buy it lower on the demend area and sell it high
I try to do my best to mka you guys understand the market why he's doing what his doing because he never move randomly . I explain here pattern which repeat himself a lot on indeices and gold speciflclly where you can benifit from it when you see it the next time and Thank you
After the raise of interest rate yesterday from 3.25 to 4 percent from the federal reserve . we saw the indices fall as expected reaction and shift in market structure . so here we try to build an trade idea with great risk to reward which is wait for the price to comback to the previous broken suppourt where we can sell from it if we start see selling pressure...
AS we notice here the market has shift from bearish market structure to bullish market structure . where US30 hold previous resestance as suppourt when we see the buyying pressure comming in holding that key level . Saw the price have hashigher probability to go up versus go down and when the 4h candle close and engulfe all the previous candles thats gonna be good...
Gold Now turn around interisting area of supply when we could expect a drop from it . the idea here is with the big news comming in today which is PPI MoM if we had higher figure then excpected that mean positive for the dollar and negative for tho Gold . SO what we are looking for here is the price to coming back Near that area and try to sell it when we could...
AS we see US30 has interisting key level when we could see a huge selling pressure from that area that potentially push the price continuining the down trend to next area of suppourt according to a measured move . but keep this in your mind its only game of probabilities so Its- strong possibility with no certainty -
AS we see the market has start Reject and broke the bullish market structure and start making new low . So we must wait for the Retest of previous broken suppourt that we could use it as a resestance and sell it short for another measured move down . Finally this is only probability and trading is a game of probability when we always try to catch the high...
As i explain we saw a strong trend line was broken with this huge buying pressure under the break which is telling me that the price might be push another measured move to the next level of resestance as i mentioned
I expect gold to comback and retest the strong previous supourt that we could potentially see selling pressure on that area and sell it down with a Target of another mesaured move until the next level of suppourt as I mentioned on the chart
The DAX was broke a strong level of suppourt that potentially turn into Resestance . So patience is skill we must master speceficlly on this example we must wait For the Retest and see a Selling pressure and sell it in area of resestance that will protect our stop losses from getiing hit . the target will be a measured move to the next level of suppourt i...
US30 kepping the bullish market structure as i explain . So i see high probability for the price to go up vs go down until the next area of resestance as i mentioned on the chart
As wee can see the market break a resetance level and hold it as a suppourt keeping given us higher highs and higher lows . en conclusion its high probalility and opportunity for us to go long all the way up to the Resetance Area as i mentioned on the Chart
As we could see Gold break market structure of a bearish channel and making new high after he refuse to continue down twice at a support level like we mentioned on the chart so i see high probality long position to the next level of resistance by a third wave
NasdaQ breaQ market structure so we should wait for retest or pulback like i mentioned on the chart and if the price rejected its high probability long position all the way to the resistance area
we are in trading range and the market did a double top in perfect level for selling short so we have a high probalitie here of swing short position cause the market always tend to continue to do what he had do
THE Bulls bought strong enough to push the market at higher prices with the bullish channel so its a long swing opportunity for who trade THE FTSE INDEX
I see a swing trading opportunity with the possibility of seeing further rises in the DOW within the correction of the two waves and with presence of my favorite pattern reinforces my expectation for the market to rise to the level specified in the chart
Prediction of complete the market cycle like i explain in the recent analysis to other indices