In the intricate realm of gold trading, strategic precision is paramount. Your astute observation has identified a compelling opportunity: a poised entry into the market, leveraging a temporary dip around 1910 or 1911. This sagacious move, underpinned by robust support at 1910, promises an auspicious trajectory. In this professional pursuit, we meticulously...
AUD/JPY bearish move might start any moment from now according to the wave count. Despite the fact that complex corrections occur at WAVE X. The next wave for the bearish is WAVE Y. so traders should prepare to join the moves. Thanks. Goodluck
Does everyone agree this is a ict market maker sell model? Let me know if it looks familiar
KOG Report: 17/04/22 In last weeks KOG Report we said we were not convinced by the bullish move from the previous week and would be expecting the market to go a little higher to target the levels of 1970 and above that 1975 where we would be looking to protect and take most of the profits on any longs and then waiting to short the market into the lower support...
I haven't found an interesting point from xauusd but on the chart actually sales can be made but I'm still a little doubtful, maybe it will go up to get a fakeout after that there will be a sharp decline buying area 1849 - 1842 selling area 1904
EURUSD is making lower lows in 4h timeframe and did some exhaustion on that resistance level, so with the next bearish signal i went short, we got a breakout of daily trendline too.
AUD/CAD price action is currently in the process of testing a double top formation neckline. The double top for price is more clearly seen on the daily timeframe but the peaks have been pointed out on the image above. The fact that the double top has been created on the daily fills us with confidence that, for now, price has found an upper limit and is on it's way...
Like many of the USD pairs this week, USD/SGD has shown a lot of strength, from it's lows at the start of the week it has risen 236 PIPS. Price broke to the upside from a descending daily trend channel last week, and this week price has broken again to the upside from a falling wedge. Both good indications that we may be seeing the start of a trend shift. Due to...
Price has currently broken out of the ascending channel after completing the five-wave pattern. We are expecting the price to continue its bearish price action to the next key support at the 75.00 level.
Our analysis earlier in the year suggested that GBP/AUD had broken out of a ascending weekly trend channel to the downside. As is often the case we were waiting for a retest of the trend channel and confirmation that price had entered a bearish phase. That retest was completed in Late-August and since then GBP/AUD has moved further to the downside, posting an...
GBP pairs have taken a real hammering this week, and GBP/JPY is no exception! Price yesterday broke outside daily sloping support which has been intact since the lows from March. It has since bounced from the support zone circling 135.35 and is currently on a pullback leg of its move. We believe that this is looking like a great opportunity to sell the currency...
Hi Friends, I've been having many people contact me for questions on what trading advice and how I look at the market.I thought I'd make this short video for everyone to help with your trading. Trading doesn't have to be complicated, especially with all the techniques out there. There are basics everyone should understand but I've met successful traders with...
GBPUSD has been consolidating since the start of August. We now see a wedge pattern. Expecting a breakout above or below this wedge. If above, Price can rise to 1.3300 handle. If below, expect price to fall to 1. 2900 handle. Short term trades to scalp this wedge range is fine but use low risk and short stop losses. Otherwise wait for confirmation of direction...
Downwards channel formation. Watch Australia unemployment fundamentals shortly here. Expectation AUD weakness. I am only in sells in AUDUSD. If it retraces up I will sell at 0.7230 (resistance) Entry: Sell stop 10 pips below channel TP @ 0.7090 area (bottom of channel) Good luck trading! Please help like my free analysis ideas so it can benefit more people....
AUDJPY overbought and at major resistance area of 76.56. Retrace is coming, AUD Unemployment will help the retrace downwards. Entry @ Sell at current price of 76.56 TP levels in green (200+ pips opportunity) Good luck trading! Please like this idea so others can benefit from these free trade analysis. Let me know how I can help. Charles...
USDJPY in a downwards channel creating lower lows and broke past support now acting as resistance. Indicators: 1. Downwards channel 2. Downtrend line holding as resistance. 3. Past support broken now acting as resistance (red line). Entry @ current price of 105.95 Entry @ 106.20 area (bounce of downtrend line. TP 1: 105.40 area TP 2: 104.30 area Good luck...
NZDJPY strong downwards weekly trend and has bounced off of weekly inner downtrend line. Sell at downtrend line areas 70.33 and 71.60 down to next support area 66.91 Indicators: 1. Downwards weekly down trendline 2. New lows since July 20th. 3. Look for lower lows for indication of strong bear market. Entry @ downtrend line areas (yellow). TP at 50 pip...
EURUSD at main resistance area of 1.1900 Pair is volatile but extremely overbought, expecting a short possible retrace. Entry: 1. Aggressive Entry @ current price area of 1.1870 2. 1.1900 area TP 1: 1.1700 TP 2: 1.1600 50 pips stop loss 1:2 and 1:4 risk reward trade. Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily...