Daily Technical Analysis – 05 January 2024
GOLD
GOLD 4H – Holding. Will be looking for subwave 2 correction before looking for another entry
SILVER
SILVER 4H – Holding at breakeven and tapering a bit of profits
AUDUSD
AUDUSD 4H – Holding. Will be looking for another entry once we see the correction
GBPUSD
GBPUSD 4H – Holding with stops above invalidation. If we get a correction like this, we’ll enter where the arrow is. Still a big drop left to catch so its definitely worth keeping an eye on
EURUSD
EURUSD 4H – Holding. If we get a clean enough correction, we can look for another entry. Will be keeping an eye on this
USDJPY
USDJPY 4H – Up 250pips so far. Would be a good idea to taper some positions and put trade at breakeven
DXY-Dollar
DXY 8H – Still working within this framework. Next trade setup will be once we see the correction (highlighted)
BTCUSD
BTCUSD 8H – if we return to the buy zone, we can look for entry using risk trendline. No enough price action to draw one now
ETHUSD
ETHUSD 8H – if we return to the buy zone, we can look for entry using risk trendline. No enough price action to draw one now