Good morning DA and everyone. As usual I am still being a Gold bear until we see some significant retracement. Daily time frame is already promoting it. We are getting retracements from JPY pairs. Especially AUD and NZD.

Darkangels pips hunter

Yeah I get tired of waiting too plus I don't want to have too much exposure and also incur swap costs. You too, hopefully we get a good push down. I'm already looking at fib retracements for any possible moves down.

Darkangels pips hunter

I generally don't like to do that because sometimes when you're not looking you get stopped out and then it continues down. I usually focus on the bigger picture and take trades on smaller time frame so I know where it would be going on the bigger ...

Darkangels pips hunter

Yes, technical aspects it could definitely push lower. I'm looking for previous resistance at 1889 to be hit and cleared. Next area will be 1873 region. I expect 1889 to take some effort to break through though seeing as it had 2 touches of ...

Darkangels pips hunter

I had my TP at 1890, missed it barely. But on 4H and Daily, price looks good for another push down.

Darkangels pips hunter

I would actually prefer to see it close slightly lower into a bearish candle. This should give a good push down in the coming days.

Darkangels pips hunter

Thanks man. I'm also observing 1.2133 and 1.2171 areas for now. I've already closed all my longs because it took way too long and they hit TP around 1.2103. And we are days away from the end of the month so I rather have the table empty.

Darkangels pips hunter

I posted this previously and it seems that we are breaking out of the trendline on USDCAD.

Darkangels pips hunter

Congrats! I am looking for the 1 hour to close with this bearish bar and for sellers to take the queue to start pushing it down for some healthy retracement. It has been no man's land for a while. Edit - 1 hour closed below 1900. I got out at 1899.4 ...

Darkangels pips hunter

Amazing on USDCAD too! Well called!

Darkangels pips hunter

Amazing! Question is with this extended push up, will this be an A-B-C pattern down or whether it will result in a wave 5 upwards to break 2075. Although I am not feeling this going up to 2075.

Darkangels pips hunter

4H seems like it could retrace to 1890. Still looking for that bear push.

Darkangels pips hunter

I think you need to colour the hammer in. A hollow hammer has no power. With colour, comes greater power.

Cable Update (GBPUSD)

For your sake I hope it drops. I am waiting for the 1923 level. If we keep pushing up with no retracements to 1923 which is 61.8 of the previous down wave, it may give us a chance to push much lower below 1676. There have been many calls and EW ...

Darkangels pips hunter

I do see possible further up move on the Weekly too. Really looks like no man's land right now though. Buying when too overbought isn't ideal and selling here isn't ideal either since it may keep pushing up. Better to sit on hands and wait. How I ...

Darkangels pips hunter

Why are you so triggered by what he is posting? Does it really matter whether he is right or wrong? Nobody can predict where markets will go. There is a reason why stop losses are used. At the very least he has a plan and he sticks to it. Also, he ...

Elliott Wave Trading by Ayax

Yeah I dont see USD moving much but somehow there was a huge spike. I think we still need to respect the big bullish candle on the daily time frame though. Edit - also if you take a look at the monthly chart, this month is pretty much full bull ...

Darkangels pips hunter

That's good to hear. Yes I hope to see some bear action too. Market is way too overbought and still hasn't given much of a retracement. The last little retracement it gave was 1837 to 1814 and on the daily that felt like it was going down further ...

Darkangels pips hunter

I am amazed that you're still selling. I know it is overbought but I really don't think it is the tike to be selling now. There are no set ups.

Darkangels pips hunter

Gold 50 fib of 2075 high and 1676 low is at 1876 which we saw multiple times the past few days. 61.8 which is the next level is at 1923. I'd be expecting more ranging there otherwise a retracement or reversal. Although based on daily charts now, we ...

Darkangels pips hunter