Note: Gold, XAU/USD Gold follows what we predicted previously. Gold having price correction to 20-EMA now. Overall, we are still bearish on this pair! There are 4 trading plans for this trade: 1. Since the price pullback to 20-EMA, followed by a bearish signal, good chance to short with little risk. 2. Wait the price pullback slighlty further to support zone...
I am counting 10 straight positive weeks for this pair. Momentum is powerful, so more upside could be in store, but the R/R favors a short position from these levels IMO. My target is noted on the chart(green arrow). That is an aggressive target, however, I have found the big money is in the big swings, so I am willing to wait. I will update this chart if I...
It hit! This one came is a lot sooner than I expected! Spotted this one out about 3 weeks ago! Time to take your positions! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 From here on out, we can expect this pair to stay on the downside! Be sure to look at this pair to head on its way down to complete...
RISKY IN THIS UPTREND... IM A COUNTERTREND TRADER!!!!!!
Will Look to enter long once the market opens
Broke trendline + max CHANNEL + Broke sop spinning candle
The pair is trading inside a triangle formation. We have tested the resistance level. So we can expect a sell rally if the resistance holds on. So we will have a tight stops and trade a short position. With good risk to reward ratio. So lets see what the market does in the coming weeks. Cheers!
Bearish Cypher Pattern Terminates at structure resistance. Pretty nice area of confluence. Let see if the cypher pattern will complete and the market will roll over. Happy Trading
Keep looking @ 0.98200-0.98000 for buy limit
Our first target being 2080.0, we then can expect a retracement to the trend line then a continuation to our second target of 2070.0. However, careful once target 1 has been met. If price breaks above the trend line then our targets are no longer valid.