Based on the positions I took last week and a few pairs that I am watching, I am sharing my thoughts with you in this video.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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FX:AUDUSD
Trend = up on H4 + D1
I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly.
I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach,...
OANDA:XAUUSD
Notice how the resistance level aligns with the 61.8% fibo retracement?
I will be looking for a buy signal within the 1296 - 1301 range
More details to follow!
