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GOLD APPROACHING LIQUIDITY AREAGold looking like we are heading on a short term bull run until 2010. Waiting for a retracement to the 1950 zone before looking for potentiall upside moves. Was favouring a drop on gold to the 1815 zone before looking for higher highs but 1912 level hold pretty well and we are looking for a pullback. Check my technicals on GOLd and leave a feedback. My target will be 2010 for the market to pick up orders and then looking where liquidity will push the price. #tradesafe #theforexdaddy #tfd
OANDA:XAUUSDLong
by theforexdaddy
2
gold dxy5.12.20 This video is the sequel to the previous video. In addition, I showed two ways to frame range boxes on the gold contract. I decided to give a closer look at the bear trap on the DXY and as I did this, I realized I had to look at a couple of time frames in order to add clarity. This was a bear trap on smaller time frame, but it is a retest of a breakout higher. It is what it is on different time frames, but it has value to do this in my opinion. As I was listening to the video before uploading, I took note of how bullish the whole pattern looks on the DXY on the daily chart... to the point that it looks likely that the price will move higher to an ABCD pattern... even though I am not a breakout buyer, and the market is still in arrange box which is the dominant behavior. If you don't understand this, I will come back and review it once we get a chance to see how the dollar plays out. The reason I bring this up is because of my conviction that higher time frames result in much more accurate assessment of the bullish or bearish nature of price action.
TVC:DXYEducation
by ScottBogatin
OIL SHORT TRADEHello people. I keep it short and simple today! Oil is in a box at the moment. If you look closely at the moment of March 20, it seems that we are going to experience the same moment now, There is a good chance that we will drop back to 21. There is a small retest where the first high came in around 27.30, so I'm going short! Stops just above the highest point, which is 28.50. This is not a signal, it is only for education Leave us a comment or like. :) Have a great day everyone!
FX:USOILShort
by PicoWizard
Potential 10 R Scalp LongI am nervous about this reversing to the downside since it's on the end of several 5 wave counts but if it makes 3 point box shape with the wxyxz pattern then the right corner around 24 would be a good spot to scalp long. Since you have two other points to define the bottom of the box it allows for a small stop to be used and even though the target is close by at just under 28 you can still get 10 R out of it. I am currently in a BTC BULL 3x token scalp long so this bnb setup is not my main priority but it is something to watch for. Once it gets to 28 it will be very hard to see any reason for it to continue so it is not the type of trade to let your profits run if you're on a small time frame. This is one where you take the money and run.
Long
by mljones
GBP/USD - Price On A Hot Zone*** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. **************************** The price is now on a mirror level and it's on its second touch of the grey zone (in the chart), farther we can see that the mirror level coincide with the 61.8% Fibonacci level. Now I will wait to see if the price break or bounce, then I will wait for a retracement and do my entry with the drawn TP.
by Logical_Knight
2