New York Session:
- I believe the price will continue to the downside.
- I want to see the price trade to a premium in the London session before going lower and taking out a short-term high.
- I will be targeting the equilibrium of the PWR.
- Wait for the price to reach 50% of the London session range.
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to experience selling pressure for the second consecutive day on Monday. It appears susceptible to extending the retracement slide from the $2,065 region, which marked a one-month peak. The strong US jobs report released on Friday confirmed market expectations of...
⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support...
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US-led coalition is still engaged in conflicts with the Iran-backed Houthi faction in the Red Sea, which is contributing to the stability of the Comex Gold price as the US Dollar remains subdued. On Thursday, Houthi rebels in Yemen fired two ballistic missiles at a tanker ship owned by the US and...
Hi Traders!
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close...
So, it's happening.. Finally..
This is not farewell, just g'bye for a bit..
Retracing from what has really been an uncharacteristically stable rise for weeks.
It completed the obligatory double-top 5 days ago, and is about to start the descent. Usually a slow, steady trend in one direction is followed by a violently aggressive opposing movement, so keeping my...
Following it's decent run, it's time to enter short & head back down.
You know I'd just writing all this to please the mods, right?
Entry : $0.0258
TP : $0.00229
Use it, don't use it.
Enjoy.
Hi Traders!
NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level.
Here are the details:
The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the...
Hi Traders!
EURUSD is forming a potential double-top pattern, and there is great risk-reward potential for shorting opportunities near the resistance.
Here are the details:
The market tested the previous month's high of 1.10173, but the bears are holding very strongly around this level, which has currently formed a double-top pattern on the chart.
Preferred...
Hi Traders!
USDCAD has formed a head-and-shoulders pattern and is approaching the neckline.
Here are the details:
There is a current lack of buyers in the market, and the market is trending down with swings of lower highs and lower lows. Our plan is to sell rallies looking for a break below the neckline and target the 3-month low at the 1.33802...
Hi Traders!
AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924.
Preferred...
