Looking to see if price is going to make a push up on the 1-4hr, if we do see that ill be looking at areas to buy from... ONLY look for buys if we see some bulls set back in at the current time I still do expect to see price tap into support!
Looking for this rejection to continue and hopefully we can see a nice push up to then give us a risk free trade to start the week! First targets 0.65000 where ill look at taken a percentage then hopefully can push higher!
Looking to see if we can see a push from the current area or maybe a little dig down into the 0.99 support for then price to continue the upside rally to the last long term lower high... either way we should get a small move up so will look at entering and moving stops to break even..
No trades at the moment but just sharing the area ill be waiting if price can make a retracement to it. If price does make that short term downside move ill update the reversal moves ill be looking for from there and hopefully we can catch that next leg up!
Still holding that long term short bias but am also open to getting another possible buy position.. trading for me is just entering at the most likely areas price moves from and then take what comes off that..
Nice risk reward trade idea off this current 1hr resistance which also lines up with the other pairs I'm looking at (AUDUSD pullback). Morning star formation on the 1hr so we should see price push up from current price!
So price making some nice moves giving us a nice direction for now... ill be waiting for a retracement to catch the next leg up!
Nice move up last night as expected so trade is running risk free and trading above that minor resistance I pointed out, Should see price tap into 0.99 where ill be taking some profit!
Price got messy so I closed my trade a break even, since doing that we seen another attempt to push back up so I will be eyeing out some more buys if price can make a right shoulder rejection off 160.500.
Stalking price very closely at the moment looking for another rejection, coming into London session may be a nice opportunity for price to make a bounce from this support for at least a retracement!
Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star...
Looking for price to make an explosive move to the upside off the level we are currently rejecting at 0.68500.. Price already showing signs from the current price action on the 1 and 4 hour!
Price just starting to dig into a nice area of support down at 1.450. On the daily here you can see the nice short position I'm now looking at hedging my last little remained of the trade to now look at buys. A few more candles on the daily to confirm that this level is going to once again show support then ill be entering long term buys with a 50% take profit at...
Looking at adding some more buys if given the opportunity, 0.71 is an area Im looking at for a new support to continue the uptrend. I am also looking at the potential for a long term short if we can see a reversal from a further push higher.
At the time of writing this I'm still bearish on the lower time frames but we are now seeing price push into an area of support of 0.7 and is well overdue for a correction back the the upside.
As tensions around the world heat up so does the gold buys... if you traded gold during the trump presidency you know how wild it can be to day trade lol. As we see huge upside expect for some sharp sell offs, that's where ill be looking at adding positions for a lot more upside!
Price has been respecting that support of 1.13000 very nicely so I've taken another long from there, I'm holding my trade a risk free at the moment as price on the higher time frame does look very weak, so this upside move we are seeing now may just be the retracement before then going lower.
Not seeing any obvious areas apart from that major resistance and major support that i pointed out. So ill look at taking positions from those areas if price can show the right signs, for now ill be sitting on my hands and waiting with this pair unless we start to shape some obvious intraday setups.