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Intraday

Gold broke another correction trendlineI believe that as gold continues to become bullish at support that its willing to break into a higher high. Currently the downtrend momentum is halted by consolidation. Because the overall trend is currently bearish, I will await a reversal candlestick along with volatility on support for any long positions. Potentially a false breakout to the downside. Currently there will be some intraday bearish activity as another shooting star presented at resistance and a bearish engulfing. Price is currently trading beneath the neckline of a double top.
OANDA:XAUUSDLong
by DesharedPierreJr.
AUDCAD I Break retest and headed for resistanceWelcome back! Let me know your thoughts in the comments! ** AUDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
34
AUDUSD reversal at 23.6% RetracementThe 4H retraced to the 23.6% fib and provided a hammer which is why I wasn't hesitant to sell, even beneath the trendline. Upon the 4H close and hammer. Price immediately progressed bullish to create a strong higher high, broken correction trendline, as well as ADX mixing in to provide confluence. Intraday the 1H timeframe is a clear opportunity to go long on this pair to at least its -27% target. or the 61.8 Major fib retracement. I believe that this pair is still in an overall downtrend until its creating daily higher highs and higher lows.
Long
by DesharedPierreJr.
1