the first step has been completed, we are now waiting to see if the level holds or breaks. failure to hold the level then step 2 becomes invalid. lets wait and see how the market reacts on the 137.225 zone.
NO ENTRY AT THE MOMENT. USDJPY IS UNDECIDED AS WE ALL ARE SEEING A LOT OF SELLING PRESSURE WHEREBY YOU NEED TO BE VERY CAREFUL WHEN YOU WANT TO SELL HERE. HIGHLY RECOMMEND A GOOD ENTRY POINT AT OUR MAJOR LEVEL OF SUPPORT. THERE IS A LOT OF INFLUENCE ON THIS PAIR eg. USelections, stimulus on hold etc... APPLY PROPER RISK MANAGEMENT
RED-RESISTANCE YELLOW- ENTRY PRICE GREEN-SUPPORT PURPLE- STOP LOSS BLUE- PROFIT TARGET" OANDA:EURUSD
Only two days left until the elections and Wall Street is bracing itself for the next president of the United States - Trump or Biden. US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and...
A week of high-volatility ahead of us in the FX market as the US presidential electio n is only a few days away. Sharp and unexpected price movement could happen around the time election results are announced and days after. So stay vigilant and trade safely. As you know I'm a pure technical guy! I don't care what the news says but rely on the pure price action...
Price is currently rejecting at an interesting level on the daily. An FVG has already been filled and anticipate more buyers to come in as we head towards elections week on Nov 3. Keep an eye on and be ready to pertake of this pie.
US Presidential Election, ISM, and Employment Reports are scheduled for the next week. And RBA also expected to lower their interest rate to 0.105 from 0.25%. All this news will have a big impact on the Gold Price movement. President Trump Re-Elected means more political uncertainty, Big stimulate package over 3 trillion, and careless about covid-19 will help...
The US elections next week bring the market to a point where all we have to do is wait and of course, prepare our trading account for the crucial hours when it will be revealed who will lead the country in the next 4 years which are expected to be very difficult and challenging especially in the economic and social aspects. Technical analysis aspect We can...
GOLD BUY OPPORTUNITY WE ARE CURRENTLY AT A DEMAND LEVEL ,GOLD CAN BE A RISKY ASSET AND IS ALSO PROBABLYTHAT FOLLOWING FUNDAMENTAL ANALYSIS GOLD CAN BREAKOUT TO THE DOWNSIDE BECAUSE OF USA ELECTIONS, THIS IS JUST FOR EDUCATIONAL, PURPOSES.
GOLD BUY OPPORTUNITY WE ARE CURRENTLY AT A DEMAND LEVEL ,GOLD CAN BE A RISKY ASSET AND IS ALSO PROBABLYTHAT FOLLOWING FUNDAMENTAL ANALYSIS GOLD CAN BREAKOUT TO THE DOWNSIDE BECAUSE OF USA ELECTIONS, THIS IS JUST FOR EDUCATIONAL, PURPOSES.
E.U successfully overcomed the challenge of coronavirus unpredictable first strike. Even with the threat of italy and spain leaving the union, E.U stand united and finded the soloutin. That win against the pandemic gived faith to the investors who remained stand by the europeans. Also the elections of november for the next US president, the black live matters...
Traders, gamblers and the rest of the financial market riffraff, I salute you. What an awesome week it was, raining pips all over the place in goldyland and we scooped it up and down like we have been working in a gelateria in one of the alleyways of Rome. The coming week will be decisive for gold as we have been stuck in this beautiful range for too long and...
Engage a long trade on Gold on the instability of the economy. Once market hit $1913.44, I will shift stops to entry.
I'll be looking for a long term buy from December. Currently we have a precarious situation.
I'm expecting DXY strength in the next few days with stimulus hopes before elections in the US fall. The YM1!, NQ1! & ES1! are struggling to hold on to a critical support level and if they breach the supports, further downside will lead for more DXY demand ES1! -> YM1! - > NQ1! -> Parts of Europe are heading for lockdowns with some countries have already...
Trade Analysis Based on Fundamentals and Price Action. With Risk Management you Will Never loss. All Comments and Ideas will Appreciated. Thank You
From the CFTC COT Weekly Data, net positions remain negative at 2.4k. This shows weakness. From a technical perspective, weakness is showing with price ranging within resistance and support levels. If a bear breakout happens, the February 2020 pivot high will be exposed. If a bullish breakout happens, the 3516.5 resistance will be open for a test. From a...