Gold:
GBPJPY:
Daily time frame is currently hitting one of my weekly levels, but still showing some bearish momentum. My daily level at 135.29 looks a little more likely to have price react harder. Price reacted a little off of the weekly level for about 150 pips and then threw a massive bearish engulfing off of the EMA. Last H4 candle formed a doji off of the weekly level but also took out the lows from Sunday. Price on M15 did breath a little and broke minor structure, but that was a false move and price just recently broke structure again to the downside. Price is looking pretty bearish at the moment I just don't want to touch this right now since price is on a weekly level, but is showing bearish movement. I'll let price show me a move before getting into any trades.
AUDUSD:
Daily candles are forming very bullish with the last two candles throwing a wick to the downside and the next a massive bullish engulfing at the moment. However on H4 still very much bearish and sitting in a prime 61.8-78.6 zone with a plus 1 zone lining up perfectly. The last H4 candle threw a nice wick to the upside showing potential bearish momentum, but M15 is still making higher highs and higher lows. Until it breaks structure I am just monitoring price. My break has to happen around 0.6515 area. Price could potentially make one more push to the upside and hit 0.6580 level making a higher high and then come back down to break structure for more bearish action.
GBPJPY:
Daily time frame is currently hitting one of my weekly levels, but still showing some bearish momentum. My daily level at 135.29 looks a little more likely to have price react harder. Price reacted a little off of the weekly level for about 150 pips and then threw a massive bearish engulfing off of the EMA. Last H4 candle formed a doji off of the weekly level but also took out the lows from Sunday. Price on M15 did breath a little and broke minor structure, but that was a false move and price just recently broke structure again to the downside. Price is looking pretty bearish at the moment I just don't want to touch this right now since price is on a weekly level, but is showing bearish movement. I'll let price show me a move before getting into any trades.
AUDUSD:
Daily candles are forming very bullish with the last two candles throwing a wick to the downside and the next a massive bullish engulfing at the moment. However on H4 still very much bearish and sitting in a prime 61.8-78.6 zone with a plus 1 zone lining up perfectly. The last H4 candle threw a nice wick to the upside showing potential bearish momentum, but M15 is still making higher highs and higher lows. Until it breaks structure I am just monitoring price. My break has to happen around 0.6515 area. Price could potentially make one more push to the upside and hit 0.6580 level making a higher high and then come back down to break structure for more bearish action.