Selling gold at the prices on the chart.
on the bigger picture you can see clear breaks under trendline, i think gold will drop down from that point.
this is not financial advice, try do youre own analysis before entring trade.
Hello Traders
EURJPY today and I'm going to start off by saying, yes, I'm looking for a short.
We're still in times of a global pandemic so who isn't going to be interested in a safe haven pair?
My conflict in a technical point of view is that weekly and monthly is possible looking to participate in an over extended W formation.
However, also in a down trend...
FOREXCOM:XAUUSD has broken its upward sloping trendline.
I think gold is still bullish in the long term.
For short term price target I'll be looking at the 1664.90 to 1642.88 level.
Disclaimer : This is not an financial advice. This is solely base on my personal point of view of the market and believes, please manage your risk properly.
After EURJPY broke out of the consolidation area. It is now creating a bullish flag pattern. if it can keep the support there is a possibility for it to extend once again. If It fails to hold 4h support and EMA I will look for short opportunities.
Greetings RR.
Nasday is seemingly bearish. Bulls seem to have been exhausted steam making way for the bears t jump in the drivers seat.
Im anticpating a bearish momentum for the remainder of the week of 5-7 june 2019
EU has been in a ranging downtrend price action shows its currently approaching a key resistance level, will be looking for a touch to the 1.3600 level and then after should be a good entry for a nice short in for 230 pips
CADJPY has formed a flag pattern on the daily level which it has since broken out of and retested the previous support level, I'm looking to a move to the 79.111 level
The pin bar on the last daily and the expectation of a retest of the resistance level are enough confluence to justify my belief that it will go to the 1.95991 level next week and possibly try to test the 1.97550
Looking for a possible move the 1.32000 level. We see a rising wedge formation as GU looks to make a third touch on the resistance level for a nice short.
This is my first attempt at at Technical Analysis for SWING trading. I've been trading for a couple of months and decided to only focus on Gold.
This pair is a set up for LONG with a few pullbacks. Only thing that'll drive price below Support is fundamental news that might cause USD to gain strength.
Please leave a comment if you have something to share or ask!
