jorhl

jorhl Updated 

Looking to short this pair from the 78,6 retracement level as before. First entry sl was hit, now looking to reenter as fib 78,6 levels align perfectly.

jorhl

Expect a pullback before continuation. 1720, the ideal entry level as well as ideal point to retrace to before proceeding higher.

jorhl

Waiting for the breakout of 116.00 to take the short trade from 116.50. Price has been pushing against 116.00 resistance with continuous higher lows. This indicates a potential break of 116.00 resistance and gives a better entry for short trade from 116.50. I am certain in the short trade due to constant lower high lower low levels. Trend is clearly down and I...

jorhl Updated 

Buy support sell resistance. The Trump news coming in quite strong, spoke of potential new tariffs. I expect gold to react appropriately. Stops nicely below the previous low. Targeting the 1735 region and cannot outline new multi year highs and the push to 1800s.

jorhl Updated 

Neckline is broken, structure shift. Now waiting for the retest of that broken support to execute short trades.

jorhl

The price has been trending upwards, saw that fib 61.8 retracement from lows to new highs and now about to hit the 78.6% retracement level from high to low. Looking to execute shorts from 1.4114, stops about 25 pips from entry. Targeting a long term swing down towards 1.3850.

jorhl Updated 

Trending market, overall downtrend. Price met the liquidity area which aligns with 61,8% fib retracement level. Daily bearish closure, 6h chart bearish engulfing on the 61,8 Fib level. Targeting 115.00-114.00ish (key psychological round number level). May be held out for price to meet Fib extension levels. Stops above 116.50 level.

jorhl

Structure broken and new low confirmed. Retest and continuation expected.

jorhl

Trying something new. Breakout box retest. Expecting further dollar strenght going forward this week.

jorhl

Double bottom and trendline retest + rejection.

jorhl

Previous trade hit my SL. Now after a bearish daily closure we have the retracement and a new opportunity to enter shorts from the 1.25 region. Targeting 1.2205 support, however, this has the potential go a lot lower. I expect to see some strenght in Dollar after days of weakness. HNS pattern still in play. Forming the right shoulder with that huge bearish daily...

jorhl Updated 

Daily market structure was broken and retested + weekly candle close above 9EMA. To be cautious of potential break back below the broken structure and a push towards 1.2300 - 1.2200. Long trade entry strategy is to wait for a clear break of the 4h consolidation and enter upon a retest. Upside bias 1:4 risk reward with a 50pip stop and 200pip target projection.

jorhl

Broken Structure Retest. FIB 78,6 retracement level retest. Possible right shoulder formation for Head & Shoulders reversal pattern.

jorhl

Enter another gold long trade. USD/CAD still running.

jorhl

Structure retest and continuation

jorhl

Longs anticipated as well as a quick push towards the previous resistance, to be confirmed as new support ja structure level. Long target 1.4350

jorhl

So, price broke the trendline and came back to retest it, but price showed weakness with the 4h candles rejecting the trendline, indicating a potential downside. targeting 1.0787 or lower if momentum kicks in.

jorhl Updated 

Seeing that many other pairs lack fundamental announcements next week, USD/CAD seems to be one which may have volume kicking in. There are three scenarios that I am looking at. First of all we have to note the bullish pennant price is about to break out from. Therefore I look at two scenarios. First is the break to the upside, price breaking the trendline,...