Hello friends, I hope you are doing well. Yesterday, in gold analysis, we expected the supply areas to prevent the gold price growth, as we saw downward reactions from these areas. But the selling pressure on gold increased and continued to move upwards. A new upward trend has come in the form of an upward channel. We had a resistance level in the one-hour...
Bounce on trendline anticipated. Been LONG up till this support. RR is moderate.
Trendline breakout and retest. Enter better on retest. Either ways RR should be sufficient. Should invalidate the head and shoulder already formed
High risk. High momentum needed to break the resistance above. Multiple TP plotted.
Bearish flag is seen. I look forward to SHORT for over 16x returns. Careful.
High Risk Trade ........................................... ........................................... ...........................................
Similar set-up pattern. ........................................... ........................................... ........................................... ...........................................
Trend reversal. Double bottom also seen. ........................................... ........................................... ........................................... ........................................... ...........................................
Will be taking a SHORT from the trapnel. Trapnel may be broken on market opening... if it doesnt quickly revert. Trade set-up will be invaid.
Expecting a sell of NZD this week. it should reflect in this pair. Hopefully, EN can form support here, and not break trendline.
I am more in for LONG than short, however a good gamble using RR can still get me in profits no matter what direction it pulls.