Eur/USD Long idea. The price is moving in a channel. Please use proper risk management for this trade(0.5%-1%)
We can wait for the confirmation and buy or sell when the price gives us a clear signal
I am opening shorts on GBPUSD targeting previous supports.
I am going to open short positions on Gold if the price breaks the formed rising wedge pattern aiming previous supports. If the price doesn't confirm the pattern I would stay away from Gold until good entry for a sell position. Best Regards, Max.
We have to be patient and wait for the price to confirm the price action and the open sell positions aiming at previous supports. It is important to wait for the price to respect the rising wedge pattern and not break the top of the channel.
short EurUsd idea( at the top of the trend line)
Gold is going to hit the Fibonacci extension , I am going to capture the short term move to the downside with a 0.5% risk and 1.5% reward of my total capital.
Bitcoin is going to test the broken trend line and fall back to the previous supports.
With the situation with the Virus I expect the Gold to continue the uptrend and it will weaken the EURUSD which can bring it to the top of the weekly channel.
The overall outlook is very bearish. Yes, BTC will have higher value eventually but without darkness there is no light. I will wait for the price to touch the bottom of the channel then buy, Even if the price doesn't and I lose this trade and breaks the channel, then I wit until the price breaks previous highs then I will buy. I will have more opportunities to...
In the Ligromathic chart we are on the uptrend and the price respected the uptrend. In the regular chart the price made support at previous support that was once a resistance. There is a high chance the price is going to rally to the previous highs in the future or to the top of the channel in the Ligromathic chart.
We can short when we see a reversal confirmation
Here is my bearish view for Gold, I expect the price to go back to the previous support zone.
If the uptrend line breaks I will be shorting Eur/Usd.
My bearish idea on Gold. In my idea this is a good opportunity to short the Gold. Bearish Golden Market
With the situation of Virus and the 50% Fib retracement as it's holding on that level, I will open sell when it breaks the trend line. If it goes below the line , I will wait and I'll open long when the price comes back for a retracement
We can sell when the price touch the trend line with SL set above. RR:4-6