Last week GA showed good possibilities to move to the downside but we were waiting to see what happens with the news considering this week is full of data. Starting out the week, trumps tariffs have now affected foreign countries & affecting their movement. GA is breaking structure to the upside & caused a change of character. There’s now technical indications of...
On a technical standpoint, GJ seems to be struggling to pass that resistance level. It changed market scructure by breaking previous HL & it’s now retracing to 50% fib level. If price respects that level, sells will take place & GJ can possibly go down to 1.90000
From a technical standpoint, my overall position is shorting until it reaches trendline from higher time frame. On 1hr time frame, price action seems to be resisting my 2.0000 zone & bullish movement is decreasing. Market structure us bearish, price reached above 50% fib level, and many other confluences too that confirm a possible bearish move coming up. Because...
GOLD seems to be forming a head & shoulder at a resistance level. Market structure has shifted as well on 4 hr & 1 hr timeframe. Overall I’m still bullish on gold but if it breaks my trendline, I will be looking for shorts.
Market structure is bearish but the trend is bullish on a higher time frame. If GA respects 2.00000 zone, I’m looking for a sell to 1.95. We’ll see what news impact & price action. What do you think? 🤔
My over all analysis is bullish for sp500. On a technical basis, it came out of down trend , & is near my 50% fib Retracement. The overall trend of sp500 has been bullish so I’m seeing sp500 creating all time highs. Fundamental news will confirm entry’s for buys.
Here’s a better photo set up of my sell position. This is only from a technical stand point with multiple confirmations. Fib level, trend line resistance, key zone, EMA cross over….
EURJPY is near a weekly trendline that serves as resistance. On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s...
GBPJPY seems to be forming an ascending triangle & is near he support trend line that has been respected over the passed few weeks. from a technical standpoint, I'm expecting it to reject the TL before it shoots up again. what do you guys think?
with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking...
This is more of a swing trade setup. Broke out of a consolidation zone, breaking through a resistance zone & doing a possible retest. It is also near my 50% & 61.8% fib. Will look for a buy with a candle stick formations. Opinions?
GBPAUD gave a drastic drop this passed week. I believe it will be headin up to retest 1.87600 before dropping to 1.81000. This is a technical perspective. There’s is a bearish engulfing that formed on the monthly that shows a possible drop to my support level before going back up, but i will have to see how the fundamental news for these next weeks will say about...
GBPAUD is a correlating pair with AUDUSD. my bias on a technical perspective for AUD is short, as seen on a high time frame, the AUSSIE has been going down strong. with a possible retracement, it can potentially continue to drop & a result, GBPAUD will most likely go long. For GBPAUD, on a weekly timeframe, a shooting star printed on a crucial monthly support...
my bias is AUDUSD all go short because of its potential drop to the down side. on a technical stand point, it has formed a downtrend with LH & LL's. what do you guys think?
AUDCAD made a breakout on the trend resistance line. My analysis shows a possible retest on the or (kijun support ma) that if it happens, a move to the upside will be likely. This is also based on the Ichimoku indicator that shows a bullish trend in the making. Will have to wait for confirmation however before entering.
AU is in a weekly downtrend & is getting near the resistance trendline. I’m looking to go short once it reaches my trendline & shows a rejection with a candlestick formation or pattern of some sort.
Gold broke our weekly descending trend line & formed a shooting star on the weekly timeframe which shows a possible reversal. Will be looking for a possible retest on the trend line before heading back up tp our 2000 zone
USD has been consolidating for a couple days now. There’s been a breakout out of that zone with a possible retest before it shoots down. I believe USD will go short.