If price can break and retest 153.00 I'm looking to target 125.00 - Weekly is bullish, daily is bearish - daily made potential LH at 618 retracement at 162.00 - 4hr still bullish but made a lower High - waiting for break and retest of 4hr support and 50 ema - In confluence with my BTC short bias.
Update to my previous gold post: - Added to my previous gold position as 1hr gave higher low - would have liked it to pullback more on 4hr
daily lower high daily 618 retracement 4hr shift of structure 4hr trendline break 4hr retest 50 ema
1. daily Higher Low 2. daily 786 retracement 3. daily retest 50 ema 3. 4hr break and retest structure 4. 4hr break and retest 50 ema 5. retest daily trendline 6. 4hr downward trendline broken
Short Aud bias as im currently long on GBPAUD. Chart is pretty self explanatory, mainly use Daily and 2hr for analysis and 15 min to clean up the entry. - Break and retest - moving average cross - fibonacci - Candle Stick formations
UPDATE: Sooo I was clearly wrong on my direction on my yen pairs well audjpy and cadjpy . I believed they were bearish based on monthly timeframe structure but looking at it on Heiken Ashi I saw that structure was infact bullish . I was however bullish on USDJPY but now im bullish on all yen pairs. Here is update on analysis. So we may see price retrace once it...
UPDATE: Sooo I was clearly wrong on my direction on my yen pairs well audjpy and cadjpy. I believed they were bearish based on monthly timeframe structure but looking at it on Heiken Ashi I saw that structure was infact bullish. I was however bullish on USDJPY but now im bullish on all yen pairs. Here is update on analysis.
As previously broken down, just entered off engulfing. Target 87.500
Had to use weekly for a lil clarity but same concept as before. Round psych levels + market structure + fib retracement. Waiting for 15min retest and doji/engulfing to enter.
Overall Target 0.6400 1st target 0.65800 My strategy: - Use round psych levels with market structure. - Only use 3 timeframes M 4hr 15min (sometimes need to glimpse weekly if not clear enough) - Use fib retracement. - Doji/Engulfing entry
I only use 3 timeframes. M 4hr and 15 mins Use round psychological levels along with structure. M 4hr time frames are bearish hence entering on 15 min engulfing candle at 4hr AOI
Been murdering this pair from yesterday along with CADJPY. pretty self explanatory. USE PSYCH LEVELS
Amidst my gbp bearish bias, we see EURGBP has found support at 4hr 50 retracement Currently long off of 15min bearish engulfing at that level and moving average cross
M D 1Hr are bullish creating higher highs and higher lows. waiting for Heiken Ashi Doji and Engulfing to enter at 1hr 618.
In continuation of NZDUSD short bias, once price retests 0.614 / 0.615 area looking to re enter another position.
M D 1HR BEARISH Looking to target round psych 0.614 for bearish continuation
M D 1HR bullish. Rejection doji on 1hr. I already entered but you can wait for bullish candle with no lower wick for better confirmation