Gold is retraced to structural zone of resistance. IF this holds, and there is a double top pattern on this 15min chart, then go short next bar. The stop will be 1 atr above the trigger candle. Targets - 2 would be set to structure below.
Dax is at structural resistance. Considering a short opportunity , if this zone holds. Ideally like to see a double top price action , to trigger the short. You may wish to filter with an additional signal of RSI overbought. Trade suggestion is on chart .
A look at the intraday 4hr chart. Trend = Bearish 1. Trendline - angular resistance holding from 10th June 2. Moving Average = 50 MA above price 3. RSI - within the 20-50 zone , supporting short side. Phases - Phase 1 + Phase 2 + Phase 1 and on last Friday the start of the next Phase 2. High Probability Zone - confluence of the 50 MA, Trendline ,...
AUDUSD in a Base consolidation. Look to short to support of channel.
EurUSD has made a daily double top. Looking for correction to fib 50. Short is considered.
1. Market Top - the Nasdaq 100 reached a market top in mid November 2021. 2. Distributive Consolidation - for a period of 7 weeks into early Jan 2022 3. Downtrend - with 3 LH and 3 LL which took place over most of 2022. The index entered a bear market in March 2022. A bull trap was executed in early August 2022 with the index momentarily moving out of bear...
On the HTF charts we can see gold has move around $ 200 for the prior 3 legs down. So , with a similar movement down in the current leg , a price target of $ 1530 is reasonable. The next weekly support level comes in at $1450. With an extremely bullish Fed , and skyrocketing US Dollar, Gold is on the slide.
EURUSD has been within RANGE , printed a False Breakout and has solidly moved out of Supply and back into the Range. The Bias continues to be Strong USD and Weak EURO. A short trade is on chart looking for a test of FRESH SUPPLY. The target is the underlying Demand Zone.
USDJPY is clearly in a BULL Market . Price is in a current Supply Zone. A double top may be in the making. Furthermore price movement since the break of Daily Structural Resistance now turned support has not been tested. Yesterdays strong inflation figures certainly contributed to the large bullish candle driving price into the Supply Zone. This may create...
The EURUSD may be in the C leg of an ABC correction. The bear flag would suggest a daytrade short. 1. Enter - now 2. Stop - above flag 3. Target - equal extension to C RR = 4+
Oil has recently broken support at 85.00. Looking for a retest of this are now as Resistance. The short trade is on chart. 1. Entry - near 85.00 2. Stop - above resistance zone by 1 atr around 88.00 3. Target - the 1.41 fib extension of prior swing RR = 3+
Gold has entered the immediate Supply Zone. Consideration of a Short from this zone targeting a 61.8 retracement to the underlying Demand Zone.
Suggestion for a potential reversal in Cable . There may be an Inverse H&S forming. So far a left shoulder and head are present. Price needs to get into the termination zone highlighted to consider an Inverse H&S formed. Long Trade suggestion 1. Entry - conditions for an Inverse H&S must be in place. Trigger would be a bullish candle . 2. Stop below the...
EURUSD potentially making a Double Top at the most recent intraday Supply Zone. A short trade is on chart. 1. Entry - selling pressure confirmation subsequent to the 1hr pinbar ie. Close below low bearish candle. 2. Stop - 1atr beyond the double top swing high , and beyond the Supply Zone. 3. Target - the immediate demand zone below. RR at 2+
Silver has retraced to structure now which is a Resistance Zone. On the hourly chart a Double Top has formed. Wait for a confirmation of selling pressure , with a bearish candle formation. Possible short on Chart Entry - on close of bearish candle Stop - above double top swing high by 1 atr. Target - current swing low RR = 2.5
On the Intraday Chart EURJPY is between identified Support and Resistance structures. Support was tested on 3 occasions in late August , before moving up. Price has been meandering around the 50 EMA which is steadily rising. The present retracement has broken the prior swing resistance and consideration is given to the prior swing low to act as an...
Oil has been in Compression in a Downtrending Channel . Price broken the Channel and has since printed a False Break. With this a New Supply Zone was created. With this price action a short side consideration is on chart.
Silver in an impulsive drop. There is still room to the underlying Demand Zone Trade is on chart.