Gold is likely to return to 1,700 after the 23% Fibonacci retracemen, which is an important resistance area.After that, it started moving towards the support area of 1633-1640 which overlaps with Fibo38%.
If USD index continue to fall. GBPUSD will definitely rise again. You can change TP and SL to your analysis. But what s important is the main idea.
I am favouring the Buy due to the recent weakness in USD. However, if the market breaks our trendline we have a plan in place! Great RR on the trades.
Gold found support on 1685 and it s gonna rise. 1690 resistance couldn`t hold it. Now it`s good time to open really nice pullback trade. I hope u enjoy it. Sorry for bad english. It`s not a signal. It`s an idea. Thank you.
Beautiful trade setup happening here. We got a harmonic. We got a multi-day consolidation. And we're on a daily key level. This is gonna be AMAZING!! Looking forward to collecting pips from this pair. BULL TPS: • 1.53709 • 1.54582 • 1.54626 • 1.56354 BEAR TPS: • 1.52140 • 1.50998 • 1.49809
Quick scalp before the US market opens at 14:00 GMT. We saw a good consolidation on the hourly box around 77.30-77.6 range. We entered at 77.50 on a good rejection wick which formed. CAD is a commodity based currency so with that the being said against a safehaven asset like the Yen we saw a good opportunity to keep the long going upto the supply zone at 78.1...
Both this pair and EURCAD will be bearish as long as the Canadian dollar continues to show strength. Here are the TPs for both. My aim is for it to be bearish. But I move where the market moves. BEAR TPS: • 1.73132 • 1.71867 • 1.71354 • 1.69933 BULL TPS: • 1.74523 • 1.75927 • 1.76611 • 1.77635
Both this pair and GBPAD will be bearish as long as the Canadian dollar continues to show strength. Here are the TPs for both. My aim is for it to be bearish. But you I move where the market moves. BEAR TPS: • 1.52947 • 1.52680 • 1.50998 • 1.49798 BULL TPS: • 1.53960 • 1.54582 • 1.55656 • 1.56602
Traders drove GOLD into its bullish rally, but does their buying strength stand a chance against the OPEC meetings? If the USD doesn't show strength after this week's OPEC meetings, this will continue to be bullish. Fundamentals will change the course of this pair this time. Otherwise, we're going to have a nice trade-off the weekly key level no matter where it...
Technical analysis wise, this is forming a lower high before the continued drop. Fundamentals wise this week, we could go bullish if the USD gets strong during OPEC. Let's find out this week. BULL TPS: • 108.940 • 109.669 • 110.818 BEAR TPS: • 107.684 • 107.053 • 106.444
Excuse the arrows not showing a retest. GBP may keep going bullish since the US is still trying to figure out how to handle the outbreak better. So I am trading to stronger key levels. A pullback may be due for the time being. But after that, I am looking for the bull run to continue. Here are your TPs: BULL TPs: • 1.25035 • 1.26663 • 1.27248 • 1.27967 ...
We are near a daily key level for a stronger trade setup. JPY gained strength against the US, but not against this pair last week. A pullback, or, looking at the higher timeframes, a continuation for the short is due. Trading this pair once it makes a move from the daily key level zone around 135.674 BULL TPs: • 135.240 • 137.169 • 139.853 BEAR TPs: •...
This is a beauty. We got a key level setup on a monthly zone. Since the RSI is pretty overbought right now, I wanna see price spring up off it and keep shooting up. But let's see for right now if JPY can keep it's momentum going. I'm trading straight to the weekly zones. So here are your TPs: BULL: • 108.300 • 108.940 • 109.669 • 110.363 • 110.818 •...
The outbreak is rapidly spreading in the US with no signs of the slowdown happening yet. If you haven't been paying attention to this pair lately, it's been making some pretty strong moves each week. I admit that I was even sleeping on this little bit, but not anymore. This will be one of my top swing trade pairs for the next few weeks or months. I've actually...
Traders are buying GOLD since it's considered the safer currency due to the pandemic causing tons of instability in the markets. This explains the bull run it's doing. Currently, we're looking at a lower high with tech analysis. I would prefer another drop in the market back to the monthly level of 1537.30 zones before making a run back up. I honestly don't have...
Suppy & demand zones forecast for those who enjoy trading zones. Zones are marked at clear horizontal & also diagonal support levels.
Adding positions to an existing Long - we expect the GBP to gain some strength and break through the current supply - Reason for long - 1hour shows good bullish structure. 30mins shows good wicks - showing demand area has been tapped. we executed after the rejection candle. With GBP JPY - it moves fast so secure the pips and let a portion of the trade run.