with the new year, comes market uncertainty. Uncertain which direction price action will go. First week of the new year, its best not to take trades, however, to let a beautiful price set up pass is almost unlawful in my eyes (lol). that being said, lets take a stab at this. As markets closed last year, we see that price rallyed down and was a bearish market...
The DXY paused on Thursday as investors considered what might happen next in the US Stimulus plan. However, technically, it's the quiet before the storm. Expecting the DXY to plunge should the allocation is to be raised to $2k on the stimulus plan. In that event, we can look for Bullish positions on XAUUSD, as DXY will drop, causing the gold to complete a...
Looking at historical data as we have analyzed with the presidential elections, we can see that back in Dec 20, 2019 to Dec 31, 2019, price rallyed up approx. 3500 pips before seeing some momentum to the down side, before recovering and continuing with market structure as per the illustration. In addition, we see that market pushes to sellers protection where...
We've seen that GOLD has been traded historically higher than previous data suggests. On the H8 timeframe, we can see a retracement happening, being rejected by the strong support at 1894 area. Bears are protecting that area. This was a retest from previous attempt to break it from Nov. As per the Fib suggests, we can see a nice retracement lvl of 50%, ...
Observing this pair on a H4 view, we can see that price is making HLs. Throwing the Fib, we can ascertain that price might do a reversal to the 79% before rallying up with a 30pip SL to make +200 pips. Looking to swing this trade long term on the BUY.
We have price action coming to our weekly/daily support which as been significantly strong with bullish pressure. We can see bulls and bears duking it out as per the wicks at this lvl. We also can observe that we have a pool of liquidity represented by the "$" that must be tapped into before filling in the void left by the bearish OB at 0.91415 which shows us...
Futures are being traded at an all time high and has opened higher as wall street braces for another eventful week, however not before the Exhaust. That is what I am expecting to catch before the rally upwards.
Price moving into a range. Would like to buy low and sell high
Closer look at this stock. No SL for them, just assertion as to where price might rally. We see that price did a pullback to the down side due to economic calendar news release. Price action has created a double bottom, implying market to rally up. Price has completed the incomplete double bottom which still needs a break out from the neckline. Buy position...