New Cable Thread & Other Pairs

No, i dont record them

Happy Sunday Guys! While I do enjoy some downtime, my passion is really looking at these charts! I especially enjoy the weekend because there is no movement & I can come up with several scenarios to start the week. Typically I am pretty spot on with initial week analyses. Last week like many I was a bit taken by the positive USD CPI which was followed by massive Bull Wave. While the data for the rest of the week was not appealing to the USD, it reacted more normally to the other data. I did expect a small dip with the CPI - but we had none. It only lasted 2 minutes ( quick liquidity grab)

This week we have no significant data Monday. I expect a continuation of the Bullish trend. We are at the weekly trendline as Oc6oph showed with his chart. We had a small dip Friday, followed by a bullish run. I trade in H4-D1 time frame. If you want to sell longer term, I would wait for more confirmations though we are in a big supply/selling point. Clearly it has not gone down, so they don't want it to go down yet. IMO they might have their eyes set on 1.094, but I could be wrong. This is due to the EUR rate cuts coming up most likely in June. The value of the currency will be pushed up as high as possible, before the sell off.. even if it's manipulated.

I have posted several scenarios of what could happened according to my analysis. I myself have no trades open over the weekend & will see how the market reacts on Monday. The move up, the support it landed, + EMA matches all match M15 time frame perfectly so I am using that as my current microscope timeframe.

A few scenarios we may go up with a strong push from here. Another scenario I have is landing on 1.086 before a push-up. The lowest support I have is 1.08550ish. If this get's broken - I possibly would myself avoid a long. We may go down to 1.0825 if that support gets broken. We still have a lot of gaps to fill below, but with the momentum & with the expected downturn, they just keep pushing it up eating peoples SL.

All in all - it's really not complicated currently. The overall trend is clearly bullish. USD Data last week was not the greatest. EUR rate cuts looming in June. For bullish trend to continue Monday I have support at 1.085 & Resistance at 1.09. If it drops to 1.08250 gets tested & does not hold that's a great sign for bears for the coming days.

Cheers & I am so ready for Monday to be here I'm ready to kill it this week

P.S. - I am totally open for private messages or comment feedback to my analyses. I post this so we can all together win against the robber banks However any holes in my analyses I am 100% open to shift my perspective. This is based of my trading style/timeframe.

Good morning, it's only monday.. i'm waiting for fiber to see how it's reacting to the prev.weekly high, if it's breaking i m looking for longs else i'm shorting with first tp weekly pivot (08435)

bulls run to regain yearly open 1.2731 and more likely an extended high of the week @1.2786 [ 0.75 of fib projection] expected till wed CPI release of UK.

EU
Same. 1.0886 and 1.09 resistances. Can't see it going much further without a pullback.

Gold
Closest target 2473, price in overbought M1 and D1, not good enough to sell and dangerous to buy now.
Waiting pullback.

GU
Looking to complete Bfly sell on D1 at 1.2813, possibly buy at 1.2630.

the iranian president died.. maybe we will feel it on gold..

GM, GW
It looks like we will have a very interesting week with a lot of volatility(more than usual), when everyone is looking for GOLD, soon 2500, something is happening in the world, be safe,
Peace please

I agree completely. See GU Weekly it agrees with you. Holding scalp long. Any touch to my upper trendline I will enter shorts on the 1 minute chart.

I like the triangle, the Bfly fits in just nicely for a short.

That is a big deal, market will be looking at succession and respective foreign policy stance if any...

in my opinion, not much will happen. political legs are short and people are exchanged and replaced by new ones.

and iran is not a big player in gold.

Euro looking for PB, I'm trying to surf it down from 10880, sell 2 buy,, -BE

Iran has nothing to do with Gold, is what happens to Gold in case you have open conflict between Iran and Israel.

I am looking to buy at 1.0786 and 1.0740.
In the meantime do the same I have been doing... sell sell against those to resistances.

Two pawns on the chessboard

yes i know, but also that will have no big impact on gold. they just change people.

It has a clear impact on investors perception of where Gold should be.
I respect your opinion and I won't comment anymore on this.
Have a good day!