USD CHF is now at a support zone I can expect a rise ( possibly retracements ) then we will see which direction it takes before placing a trade.
NZDUSD is at the weekly low and im waiting to enter a long position, however im cautious and watching out for any sl hunt....once there is another push down I will enter . NOTE follow proper risk management. once tp 1 is hit sl on BE. please like if u agree with me it will mean a lot :)
CADJPY BULLISH SCENARIO : retest and continue upwards BEARISH SCENARIO : drop below support and retest rejecting the new resistance line NOTE : personally I am leaning towards the possibility of a sell.
BULLISH SCENARIO : at a support line BEARISH SCENARIO : big drop and broke some strong support lines
I feel price might move higher but as long as it does not break the resistance its still a sell in my opinion.
I have identified key zones but the direction is still unclear. We must see which arrow it follows.
AudChf has literally not gone lower than this in history from what ive seen. Im expecting some sort of bounce back up but it will most likely fall back after that...…..CHF is extremely strong and AUD is extremely weak,
GBPAUD has reached a strong resistance zone and I am expecting a big fall to the nearby supports.
This is my thoughts on the audcad bearish scenario. NOTE there will always be a bullish scenario so see to it that my analysis matches your own before considering this trade.
Gold should move down now after that jump up....but could continue upwards .. now because of the corona virus heavily affecting most commodities and the USD we should watch out,anything can happen.
This is the short scenario for gold, if price reacts in a way according to an arrow I am expecting it to follow through. However there is a bullish scenario always therefore don't rush into the trade. I will publish my bullish scenario if I can reach 10 likes?...….(il post it anyways).
UsdChf is at a resistance level and once it shows signs of momentum loss we an start shorting in my opinion.....what do u guys think..will it rise to the second resistance? plz share your ideas in the comments box.
eurusd is in a complete downward trend and broke through many strong support lines. I think it will move to fill the gap before rising at last.
this is how I identify a reversal or uptrend and trade pullbacks. works best on jpy pairs.
My technical analysis points towards big bearish movement, but we wont chase it. instead we will wait for a retest as shown and after clear rejection we can sell. DO NOT continue this plan if the novel corona virus gets very very serious! . 0.5 Fib rejection . bearish divergence these r examples of why I feel it will drop.
If price goes back into buy zone u may buy , likewise for the sell zone although after breaking resistance line price may fall again so monitor carefully.
If tensions in the middle east cool down completely I think the downward path is almost certain as that is what happened last time in a similar situation.. however if tensions once again arise we can only expect gold to rise, potentially back to its all time high.Follow for regular updates :)