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I really don't have an explanation for this setup so I'm not gonna overcomplicate it. It's just a pretty setup lol and if DXY does fall then I think GU will for sure hit TP2 this week. Let me know what you think in the comments and please follow for more setups
DXY looking bullish right now to make a higher high on the megaphone on daily chart, so because of that I will be looking to short the GU after the retest. let me know what you think in the comments
She's going down guys. We can see that DXY has hit the 0.5 level of the fib retracement and bounced off ( or In the process of doing so) and we can see that Gold has come to retest the support of my upward channel that it broke down from last week and that's all I need as far as confirmation to short the gold. But when DXY reaches the top of it's downward channel...
Gold is at the resistance line of the descending channel in black on the daily chart. I expect it to breakout and go up to the daily resistance line in red and then come retest the the level where it's at right now the shoot back up. My reason is that DXY recently hit the resistance line in red and is on it's way back down already let's just hope it tears through...
With the DXY hitting the 4hr resistance line in red and immediately reversing to the resistance of the descending channel which it broke out of on Friday, it could be a retest and then shoot up which would be a good boost for Gold to shoot down since it's currently right at the to of it's own descending channel. Please let me know what you think in the comments...
just waiting for confirmation of a reversal on EU, as soon as we get that and if DXY drops EU going up. IN IT FOR THE LONG RUN
We got the last shoulder of a H&S pattern forming, as long as price doesn't close below the support line, I'm bullish on gold
Quick update: price obviously didn't go the way we planned on the fist setup, so instead it looks like it wan't the right shoulder to almost be a copy of left shoulder so if we see a bullish confirmation I'll be looking for a long position. Follow me for more and let me know what you think in the comments thank you
EURUSD has reached support(red), but since DXY has been making higher highs on the daily I am bearish on EU so I am expecting it to breakdown from the red key level then the green support level and finally go retest the orange trend line to form a lower low. Please let me know what you think in the comments and follow me if you want to see more of my simple but...
IF we see a cute green candle close on the daily chart, then I'll be looking for a long position going to the daily resistance in green then after that we might see some kind of reversal back to the bottom. Please let me know what you think in the comments.
Purely technical analysis. let me know what you think in the comments please
I'll be looking to buy if we get confirmation and the 1hr doesn't close below 151.70. let me know what you think in the comments
Since price broke support and closed below 151.844 on Friday, I'll wait for it to break and close below the yellow trendline to open a short position after that, we could have a pull back to form the right shoulder of a head and shoulder pattern. Let me know what you think in the comments and good luck
AUDUSD long trade idea, let me know what you think in the comments
Please leave a like or a comment and don't hesitate to share your ideas if you disagree
In this scenario we're looking for a breakout at 1.3890 ish. If this goes right 1.395 is a fair target but 1.4 would be ideal.
The GBPCHF is currently in a triangle pattern. My prediction is that it's probably headed for a re-test at 1.22 which was a strong resistance level on the daily chart.