Here I have USOIL on the 4Hr Chart! The beginning of this week seen what was a Fake-Out of the Bearish Break of this Bullish Channel! Now typically in this case, a Bullish Channel preceded by a Strong Downtrend move signals a Trend Continuation pattern in the potential form of a Bear Flag! With this possible trade idea, my expectation is that we look for a...
By checking the AUDUSD chart, we can see that the price is supported in the range of 0.64700 and with the heavy fall that created a big liquidity void and FVG , I expect that by maintaining the current support, it can grow to higher levels such as 0.654 and 0.65870! Please support me with your likes and comments to motivate me to share more analysis with you...
The upper pressure positions are 73.7/74.1 respectively, the lower support position is 72.3 in the middle of the descending channel, and the bottom of the channel is 71
Today we need to observe whether gold has been supported twice. If gold finds support twice in 2014, I think gold may break out of yesterday's range to test the 2036-2040 range Xauud:buy2014-2019 TP:2028-2032-2036 However, gold is still in a downward trend, so when it reaches the resistance zone, we can still sell Market trends are always changing, join me and...
Dear Students, I hope this message finds you engaged and ready to delve into the intricacies of trading. Today, I want to walk you through the thought process behind a hypothetical buy position in gold in 2019, with a focus on utilizing a demand zone strategy. 1. Identifying the Historical Demand Zone: In 2019, as we reviewed historical price charts, it became...
On the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level. Recapturing that level is critical to revisit the monthly top of $2,065, which...
Hey guys, Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance. In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than...
Truth be told, I initially was liking this for a sell order however , technical, momentum, DXY all tell me i should really place a buy order. I like this entry, I never place pending orders before 0850 EST.
the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level. Recapturing that level is critical to revisit the monthly top of $2,065, which could...
Our Gold sells are running in strong profit. But I have prepared this hedge analysis, showing how Gold could move if we see our 'Scenario 2' bias come into play. Waiting for a move into our supply zone at $2,015 - $2,010. If we see a strong rejection or loss of selling momentum, I will look to open up buy positions. If not then our sells will carry on running in profit🙌
We are still in this buy position, HEDGED against our sells. We saw a deep pullback after the FED interest rate data last night, but we are still holding. Running 180 PIPS in profit.
Gold buyers still holding price above our supply zone & Wave II. If Wave II low gets taken, it's fine as we are still holding sells from 2076 for our bigger Gold Fund investors.
Hello,Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
GOLD is now tested a trend line and trading in a triangle zone on Daily TF if it holds this trend above and trading into uptrend then this buying zone will be the best zone of 2024Gold is Safe Heaven for investors and the Blood on Streets so it's time to join the rally Friends our R:R is the best on this Trade setup so always do a proper money managments and...
By examining the gold chart in the daily time frame, we can see that after the last analysis, the price of gold rose up to $2062 to collect more liquidity, and after reaching $2065, it faced a heavy fall, And the price on Friday and today was able to correct up to $2015 with a further drop! We saw more than 500 pips falling in less than 2 days! Now, only if the...
HELLO TRADERS!! Starting this week. #GOLD IS NOW TRADING in Down trend as we can see from many weeks its rejecting even geopolitical and many other fundamental's going on around the world but data is also show us coming thing which is important to trade on weekly based or daily based even scalps i can see as rejecting zone near 2030$ it make a fake put and then...
Hello,Friends! Previous week’s red candle means that for us the USOIL pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 75.17. ✅LIKE AND COMMENT MY IDEAS✅
Wednesday we had inventory reports that showed an increase in US oil production combined with the feds hawkish interest rate sentiment which sent prices deep into discount. OPEC did announce they will be cutting oil production while US supply did increase apparently, US production has slowed down the last 18months. I believe next week this will start to reflect in...