As many financial events are taking place on the fundamental side such as trump's speech tonight, breaking price highs and lows from a -5 years has occured many major market oves plus allocation of funds normally placed in these markets were transferred to the cyrptocurrency market which will be be moved to the bonds, and safer investments. Dxy is on a strong...
After a long decline OANDA:XAUUSD stopped making lower lows and lower highs. On the higher timeframe gold touched 76,40 retracement (2015 low to 2016 high)
Price is also slowly crossing 10 Daily EMA.
2 targets with stops around the last low (12/15) and S4 pivot support
There is a bearish bat formation completing at 0.72030. Current market price is still fairly far from our entry, and if price falls below the point marked 'A', this pattern and trading opportunity will be invalid.
Target 1: 0.71620
Target 2: 0.71330
As with all Bat pattern setups, this trade has an excellent risk to...
The pair had a bullish week at moment on the way to Major RES.zone which rejected bulls more than 4 times.
Pitchfork-Fibo Sup.Res. lev. 95.500 / 96.500 as a crucial point.
If we get the 5 attempt at cracking this Crucial Point, a big move to the upside for new higher.
1 Correction and counter-trend bounce.
2 breakout for new high
3 bearish abcd pattern sell...
Thanks for checking out this idea.
Here we have a beautiful 2618 setup formed on the hourly timeframe. It's not often that the double bottom is so nicely formed with symmetry and all, not that it changes the plan in any way :) The 2618 is a reversal strategy, so this is therefore a counter-trend setup.
Price is currently around 100 pips above my...