We can use a retest of the break of a longer-term daily train line for gold to take longs up to 1535 as our first target. 1500 as held as a very good institutional level and I feel like this is a good opportunity to take advantage of long entries after a clear for our retest of the broken trend line at 1500 concluding to multiple confluences worth us taking risks...
PICK OF THE WEEK! -3RD TREND LINE TOUCH OF WEEKLY DESCENDING TREND LINE -PRICE REJECTED TO THE UPSIDE BY MONTHLY RESISITANCE -H4 DOUBLE TOP -DAILY SHOOTING STAR x2 -WEEKLY SHOOTING STAR -COUNTER TREND LINE TOUCH LOOK FOR THE PULL BACK TRADE SAFE BUT DONE BE AFRAID TO SECURE THOSE PIPS!
-HEAD A SHOULDERS FORMATION -ASCENDING TRENDLINE BREAK & RETEST -DAILY TWEEZER TOP FORMED ON THE RETRACEMENT -PRICE SITTING UNDER MA'S
Expecting GU to move down to complete it's retracement leg based off of Daily timeframe. Awaiting for the big Bullish breakout Personally I will go with the flow in lower timeframes.
Hi Traders! The market started to rally on 10th October really fast. It started at around 1.22100 and rallyed until the resistance at 1.30000: That is around 800 pips in one week! Because of that speed, the volatility increased and then the sellers came in at 1.30000. They were pushing the price lower and now the market tries to go up again. Our expectation is...
Keeping it short but precise, few fundamental bullet points on factors that will affect gold until the end of 2019: 1. Once US/China deal gets finalized, Gold should have a bearish consolidation to 1410, eventually to 1360 by the start of 2020. 2. GOLD is currently in a horizontal range due to two factors: Global monetary policy dovishness continues for...
So seems like Brexit will be delayed once again as Parliament wants more time to review the deal. And Boris Johnson wants a snap election to consolidate his strength. Looks like we are finishing wave (iv) at green support level below 1.28, a good buy zone. From there expecting to go long into wave 5 up. Good Luck!
lets see if we can get the third wave of this trade ,remember money management
In today's #marketinsights video recording I analyse #GBPUSD and #EURUSD #FXMajors! GBPUSD Dragged down by: - BoJo push for an early election on December 12 - Increasing likelihood of October exit failure EURUSD Under Pressure as: - ECB reiterates downside risk, stubbornly low inflation - Draghi hints to fiscal policy measures Stavros Tousios Head of...
We can look to the uptrend of the supporting ascending(rising trend) line combined with the 61.8% fib region from the previous swing-low to swing-high as another confluence. Target is the 127% of the same previous swing-low to swing-high.
The main event will be the announcement of the ECB decision on the monetary policy parameters in the Eurozone. Given the general tendency toward easing monetary policy in the world and the recent actions of the Central Bank of Europe, euro can be expected a pretty unpleasant surprise, In theory. But in practice, most likely everything will be ok. Mario Draghi is...
GBPUSD Setup: Price is in very strong uptrend, but I can see a HNS forming maybe price is running out of steam and going to retrace to "refill" some gas. Haha. Overall trend is still strong bullish. This is a counter trend setup. Confluence: BRN Price Action Structure Supply zone Structure Breakout Entry Confirmation: Wait for CRS then sell Entry: Sell...
Trade now running risk free with 50% of pposition closed t +60 pips
EURGBP could move a tad lower to complete intermediate wave 2 near 0.8480 before continuing higher. The said level is the 100% FE of the first minute degree zig-zag and could be duplicated as minor X was somewhat dominant. Look for a valid reversal above last zig-zag's minute b wave but expect minute c to complete first. Minute c should be truncated to support...
In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors! GBPJPY Supported by: - Increasing expectations EC will grant January extension - BoJo win in case of early election - Weak safe-haven flows - Japan manufacturing to 3yr low EURGBP Under Pressure as: - Investors eye ECB and last Draghi meeting - Disappointing Business Climate...