Hello Traders!
First, 95% of traders are wrong and everyone's analysis outside of yourself should be taken with a grain of salt and a gulp of discernment.
With that being said, here is my current outlook on EURUSD based on current economic conditions and price action that has developed.
Due to the outcome of NFP last week, the current USD Unemployment Rate...
The fundamentals over the past week have been coming out as strong catalysts for bullish momentum on the DXY to continue. Therefore, I am currently still looking for SHORTING opportunities on XAUUSD. So if or when price returns to 1940 / 1945, I will be paying attention to price action as it develops and if it starts to look like buying pressure is fizzling out,...
Do we break the line and pump? Or do we go back down for another test? Took out a short at 3850 with a tight stop at 3933 USD. Set a buy to close the short at 3682.
My friends so far so good. GBPUSD is at 1.3868 wait for this price to drop to 1.3810 before buying. Price will shoot all the way to 1.4000. Use proper money management
Tight stops as always.
since range is mature. if you are looking for a place to put stops you could use this daily H4 or L4 camarilla levels. just be aware of potential hunts. but the H4/L4 would be stoploss areas with the 5/6 being the break targets for intraday
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
