GBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy . EDUCATION so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading...
The price of gold has been steadily declining since the start of the week and shows no signs of stopping. It is currently trading at $1,914 per ounce, which is $18 lower than the previous closing price. In the first four trading sessions of this week, the price of gold has dropped by $43 per ounce, reaching its lowest level in the past four months. This decline...
A brilliant resistance zone just got pushed back from there and on a 68.1 FIB zone on to a trend line and getting rejection from that line on H4 time frame. A good trade if you want to make it. TIP: RISK ONLY 1% OF YOUR ACCOUNT BALANCE ITS NOT AN INVESTMENT ADVICE. YOUR CAPITAL IS AT RISK
Hello dear traders. How about simplifying our trading a little for today? we are currently at the correction of an uptrend which retraced itself down to 61.8% fibo level and surprisingly it concides with a great hammer.not to mention that another hammer is formed in H1 timeframe as well. you can enter into long position if the hammer will be confirmed.if so,you...