Long positions. Price did drop a substantial amount of pips; however, it did not break support (yellow box). I see consolidation on the smaller timeframes before the drop occurred. Price passed the 38.2%, so we wait for the next PRZ level to hit and establish a new, higher low.
Short positions within the near future. Potential, swing trades since this is a slower pair.
Long positions. Continuation pattern from the higher timeframes.
Analyzing Only! Gold shorts (swinging positions) I can see 1800 being hit again after I've judged the monthly and weekly timeframes over the past weeks. More bearish confirmation is needed on the H4.
As löng as price does not break the area in yellow, I can see GJ doing an impulse upward. Potential 100+ pips as the reward. Risk would be predetermined based on entry.
As simple as it gets. If price continues to respect this level of resistance, sell it. If price breaks above it, aggressively, allow the retest to come and buy it.
Buyers have returned to the market for this index. With proper confirmation, a long position can be made after a higher low is formed.
If this area continues to respect this resistance, GJ has a chance to plummet to the bottom. This H4 candle is very crucial to this move along with the next one leading into tomorrow's London session.
Strong area of support. Long positions to the upside. Be careful because the momentum is still within the seller's hands.
Short positions to start the trading week. 1:3 RR Potential reward is 55 pips. HAPPY TRADING!
Shorts. Expecting an aggressive push to the downside after the FOMC, news release yesterday.
Potential long positions on Gold if the buying pressure maintains on the higher timeframes.
Potential shorts in the future if the buying pressure doesn't recover fully.
An area of consolidation that has to be broken some way. A major news release is coming at 6:00 AM CST which could be a catalyst for this. We shall wait and see for this. Any long positions right now to the next resistance is 29 pips, potentially.
Long projection on SPX500. Profit target is 3447.8 1:3 RR
Long position that pays respect to 1:2 RR. Entry was via M15 after the impulsive candle. About 130 pips was taken. Expecting a retest of the M15 resistance to continue this push to the upside, if any.