For all you lovely Macro traders out there hyper creative, great eagle eyes, lovers of charting (winning/surviving being more important than money) I hope you share some of my thinking in your work. As you can see at the moment my current algorythms
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10/06/21 10:53
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By DominicWalsh · Posted
#GBPNZD: Nice Bullish CluesUpdate for GBPNZD.It looks like the price has nicely respected a broken triangle.The price formed a bullish engulfing candle on a daily.Bullish bias on a pair remains.Goal remains unchanged - 1.997 -
By DominicWalsh · Posted
#USDJPY: Key Levels to Watch This WeekHere is my latest structure analysis for USDJPY.Resistance 1: 132.46 - 133.25 areaResistance 2: 135.0 - 135.8 areaResistance 3: 137.36 - 137.9 areaSupport 1: 129.64 - 130.7 areaSupport 2: 128.09 - 128.7 areaSupport 3: 127.2 - 127.8 areaConsider these structures for pullback/breakout trading. -
By DominicWalsh · Posted
Gold (#XAUUSD): 2 Scenarios For This Week Explained⚠️Gold closed this week, approaching a solid daily resistance.Depending on the reaction of the price to that structure, I see 2 potential scenarios for next week.Bullish ScenarioIf the price breaks and closes above 2010 resistance on a daily,a bullish continuation will be expected to 2060 level.Bearish ScenarioThe price may respect the underlined resistance.1917 - 1940 is the closest strong support.If the price drops and closes below that area,a bearish continuation will be expected to 1891.Wait for a breakout and then follow the market.For Additional confirmation use: ROC Indicator
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