1. As expected in my previous analysis, we were expecting a clean BO to the upside. because what drives the market like this? that's right, major news like NFP does.
2. Previous higher time frame candles closed were very bullish. that gives us conviction to go long on this pair.
3. NFP news was bad for the USD
4. Price established a good support at 1807 area in the previous day.
5. I'd also like to point out on the previous day, price wasn't able to continue the momentum to the upside indicating that big guys were waiting for the news and it's typical for the gold to react this way a day before NFP.
6. With this, I'm expecting the price to drive higher past 1830 level.
Congratulations! Wish you more good trades to come. I am bullish too as you probably may know already. EURUSD getting stronger definitely supports this thesis. Now just lets watch it for further action.
JuanCrlsTrades
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@Tradersweekly Thank you, kind sir. I hope we all make it. and I do wish you success and happiness in trading. goodluck!
Tradersweekly
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@JuanCrlsTrades, Thank you very much as well! I just updated my thought if you would like to see that.
Cronosus
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it's going down, hard. Get out of it
JuanCrlsTrades
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@Cronosus, Thanks for the comment! I haven't seen any bearish price action as of writing this reply. however, If I do see some bearish price action for this pair, I'll be posting it here in my channel.
Happy trading!
@JuanCrlsTrades, how about them now :) sorry I don't do short trades
JuanCrlsTrades
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@Cronosus, hello, yes I've took some nice profit on my long position last week. and anything can happen in trading, the only thing that you can control is how much risk you're putting into a trade. so it's all good to me. thanks and happy trading!
Ruchiz
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i was unlucky to catch this trade ..but wow ...perfect ...i think you are the only person who predict the price correctly without any doubts ..perfect analysis ..🔥
JuanCrlsTrades
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@Ruchiz, Hey Thanks man! I'd like to point out that backtesting gave me confidence in trading and conviction in my positions may it be long or short. it may sound cliche but hardwork really pays-off!
Happy trading!