Daily Technical Analysis

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

Daily Technical analysis