


FXSJGOLD
PremiumExpecting GBP strength & USD weakness this week. GBPUSD has broken trendline and looks like a correction is on the way before further strength. BUY @ 1.25000 Tp @ 1.27000 Sl @ 1.24580 (2 possible entry points!)
Price moves within support & resistance. Once price breaks out of support/resistance, it will lead to movement within the next support & resistance zones. Usually a retest occurs before moving within the next area, which can be considered as a good level for entry ( unless its a fake breakout). When price breaks through support, it then becomes resistance - in...
SELL @ 0.76140 Sl @ 0.76540 Tp @ 0.74600 Price has come back up and created a double top. Expecting further weakness as CAD index has reached a resistance zone & CHF index seems to have lost bearish momentum and has started creating wicks indicating price may reverse soon. Safest entries on break of trendline.
SELL @ 1900 Sl @ 1905 ( above trendline) Tp @ 1877 ( support zone) Price is approaching the descending trendline which i expect a rejection from and bearish momentum to continue until 1877 before the next move. Safest entry will be on the break of dashed red trendline.
DXY has reached the highest since 2017 and may reverse from here. USD GDP due later on today which may be the mover. Non-farm payrolls + FED meeting is also due next week which may be the decision maker for either a push higher or for a trend reversal.
CADJPY SELL LIMIT SELL @ 101.000 Tp @ 99.000 Sl @ 101.620 ( Back above trendline) Price has broken trendline and is currently in a downtrend and is retracing creating a bear flag pattern. ( . Expecting further CAD weakness soon ( see link below ) & possibly JPY strength after a retest of the support zone ( see JPY INDEX analysis in the group) which will push...
GBPUSD BUY LIMIT BUY @ 1.25000 Sl @ 1.24300 1st TP @ 1.27000 2nd TP @ 1.28300 (.50 fib level) Expecting DXY reversal as its reached the highest level since 2020 & GBP strength as GBP INDEX is sitting on the .50 fib ( weekly timeframe) GBPUSD is also sitting on the .618 fib level ( weekly timeframe). It has slowed down as it approached & already rejected just...
Buy @ .618 fib - if it hits SL, buy @ .786 fib. ........................................................... ............................................................ Let me know your thoughts on this.
BUY @ 1.76000 Sl @ 1.75550 1st TP @ 1.77500 2nd TP @ 1.79400 AUD INDEX has broken trendline + retested. Currently floating around trendline which im expecting further weakness from. Expecting GBP strength very soon too.
DXY has almost reached the top end of the channel which i expect a bounce from. It has already started slowing down and a trendline has been drawn on the lower timeframe. Safe entries on rejection off channel or break of trendline. xxxUSD BUY USDxxx SELL
SELL @ 0.66000 Sl @ 0.65680 Tp @ 0.67000 Expecting DXY weakness & NZD strength soon
BUY @ 1913 Sl @ 1906 1st Tp @ 1944 2nd Tp @ 1955 Price is currently @ .786 fib which also lines up with a support zone.
BUY @ 1.27000 Sl @ 1.26550 1st Tp @ 1.28000 2nd Tp @ 1.30000 Expecting GBP strength as GBP index has reached the bottom end of the parallel channel ( check previous post) and expecting short-term DXY weakness.
BUY @ 1.36500 Sl @ 1.36180 Tp @ 1.37600 .... ........ ......... ......
BUY @ 1930.53 Sl @ 1924.50 1st TP @ 1956 2nd TP @ 1970 Price closed with a good rejection on the hourly timeframe as it approached the .618 fib level (red line), expecting a retest followed by a push upwards.
Posted CAD index earlier as it was approaching the top end of the parallel channel. Got the big push down as expected hence why majority of the CAD pairs have had a huge push downwards. Those of you that was following the FREE group in the link below would have caught CADCHF as CHF index was also looking ready so i chose that pair to enter. We may get a retest...