theboyCODY

theboyCODY

As anticipated price failed to break our Support structure...Holding out those Long Positions TP 35600

theboyCODY

This market has been ranging for a few days now and I just spotted that a new SUPPORT structure has formed and price has been respecting that level. Following our basic principles of market structure we know that we BUY at the SUPPORT and we SELL at the RESISTANCE. Price is most likely to hit our Support structure which will be our Execution point to the upside...

theboyCODY

Gold formed a beautiful uptrend structure and the markets are very bullish. Price broke the resistance area around 1795.84 and retested giving us a clear indication that price will continue to the upside. Currently price is in a correction phase, I'm expecting price to complete an IMPULSE - CORRECTION - IMPULSE type of pattern and looking to take profits around 1820.00

theboyCODY

As anticipated the support trendline pushed price up and we can see the the Bullish momentum

theboyCODY

I see potential shorts on the Dollar Index for the week ahead since price reacted to the resistance area.

theboyCODY

As anticipated price went for a 3rd touch on the Support Trendline and we are holding major profits.

theboyCODY

A week ago price broke the 35110 level which was a very strong resistance area for the past 3 months. Currently the market is in a bearish momentum which I believe will only last until price has stopped out some orders before gaining that bullish momentum again. A third touch on the trendline that's where we execute BUY ORDERS.

theboyCODY

Nasdaq100 respected the resistance level around 15100 and as anticipated we are running in profits.

theboyCODY

From current market price I'm expecting price to push up a bit just between 15100 - 15150 from there I believe price will start retesting as that area was a resistance level. Take profits around 14840. PROPER RISK MANAGEMENT SHOULD BE APPLIED

theboyCODY

see how we place our trendlines