marcosmateo

marcosmateo

looking for retest at support zone and then some confirmation candles for reversal back into its channel

marcosmateo

price is in key support zone, below the bollinger band and is near overbought zone in the rsi. All we need is a reversal patttern to occur to enter the trade. just an idea

marcosmateo Updated 

61.8% on fibonacci rejected and a tweezer top formed signaling a reversal

marcosmateo

Broke out of weekly trendline and it has been bullish ever since. there is some correction and then it will shoot up when it reaches the demand zone as it holds the 61% on the fibonacci scale

marcosmateo

hit demand zone that holds golden level, will hold until it hits golden zone on fib extension

marcosmateo

broke through 4 hr trend line and I see it reversing on the daily trendline or the 109.206 support. I see a long term buy as it is most likely going to see reversal and break through that supply zone as it has already been tested more than twice. USDJPY is on an uptrend afterall. just an idea.

marcosmateo

I expect gold to dip down to 1483.045 then to have a bullish breakthrough to 1483.045. Just an idea, let me know what is your take on gold.