Zone
AUDUSD Short ComingAUDUSD is slowly making it's way up to the previous support zone confluent with the 38% Fibonacci retracement of its swing high to swing low. Looking for previous support to become new resistance for a continuation of the downtrend. Will wait for a clean short entry in this zone based on multiple rejections confirming resistance and aim for 200-250 pips back to the downside. Keep in mind this pair moves slowly. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
AUD/USD BREAK, RETEST & GODaily chart on aussie dollar looks really bearish. We had a nice break of the institutional/key level of 0.67 and looks like price is going for a last kiss. This idea also correlates with 50day EMA. Personally would prefer some price action candlestick to take place at the propose level.
#tradesafe
GOLD IntradayGold has found serious support at $1635 - 38,2 Fibbo level from last impulse.
We see constant repulsions and at higher values we expect to reach previous peak at $1689, as well as we see new higher values.
Any additional negative news related to the coronavirus will lead to new higher gold values.
XAUUSD: Gold Short with good pip potential and high rewardsGold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds.
As shown on the graph we have been seeing lower highers and lower lows on the hourly, creating a descending, closing channel. It has twice rebounded off the pivot point which is the reason for taking partial profits but overall has a great potential to reach 1600 and below in the event it breaks to the downside, and if not plenty of profit will be banked regardless.
Keep in mind Donald Trump is speaking later today and that can create unpredictable volatility so suitable risk should be used.
GBPAUD SELLS POTENTIAL 50-150 PIPSOverall trend is hella bullish of course. We are looking for a counter trend trade on this pair right now. We have approached a level that hasn't been broken yet and it looks like a potential Double Top on the HTF.
LTF is showing us all the dojo rejecting from this area.
FLong
BTS PULLBACK AND BUY ZONEHello all,
My favourite, BTS, could be making a pullback to around $.03. If so this could be an opportunity to pick up a long position. Looking for 200% up to the next resistance after this pullback.
Who knows?
Good luck.
*This is not financial advice*
B
GBPUSD melting incomingusd is going super well on all levels..
the pound is likely bearish because of the uncertainty of the post-Brexit negotiations..
uptrend channel have just been break
resistence got demolished
now retesting
5 reasons why GU should melt.
enter now 1.29700
stop loss 1.31200
TP1 at 1.26700
Risk management: 1500 pips loss vs 3000 pips gain (2 : 1)
Cheers to many pips :)
USDCAD Resistance Zone SellUSDCAD is stretching up to a horizontal resistance zone. This zone has been retested multiple times and all time has reversed to lower lows, so there is a large profit potential in this trade.
Stop Loss placed slightly above highest level previously broken through, meanwhile Take Profit is placed near the horizontal support zone, although this could drop even further.






















