im new at this I posted weekly and daily as well but i dont see it here.
anyway the idea is that GOLD wend up more than 1% in one day on friday. Actually it went up 1.75% or so. this means usually Gold will fall at least by 1% in the next few days or even in one day. And Eurusd usually follows suit. So my analysis is that Eurusd Will reverse and go short.
Weekly is at 5 weighted ma high, daily candle has closed above mid bb and ready to go back down to test 5 weighted ma low.
4 hr has rejected top bb twice.
1 hr 5 weighted ma crossed above top bb and crossed back down.
now we wait for candlstick to close below mid bb on 1hr.
afte that you could go short or wait for price to go up and get rejected by 5 weighted ma for a cheaper price entry.
Sl above latests high on 1hr
TP aim for 5 weighted ma low on the daily tf
anyway the idea is that GOLD wend up more than 1% in one day on friday. Actually it went up 1.75% or so. this means usually Gold will fall at least by 1% in the next few days or even in one day. And Eurusd usually follows suit. So my analysis is that Eurusd Will reverse and go short.
Weekly is at 5 weighted ma high, daily candle has closed above mid bb and ready to go back down to test 5 weighted ma low.
4 hr has rejected top bb twice.
1 hr 5 weighted ma crossed above top bb and crossed back down.
now we wait for candlstick to close below mid bb on 1hr.
afte that you could go short or wait for price to go up and get rejected by 5 weighted ma for a cheaper price entry.
Sl above latests high on 1hr
TP aim for 5 weighted ma low on the daily tf