Here's my view on EURUSD, it seems to be forming a Impulse Wave and we are on the 4th wave going to the 5th wave. At 5th wave, we should be expecting a correction wave of ABC down to our previous support!
Trade Safe and sell on confirmation!
Here is a trade idea that you could possibly enter, DO NOT ENTER unless it breaks out and you have your confirmation and make sure to use the stop loss on the current resistance level!
Trade Safe :)
Here's my view on XAUUSD, GOLD has finally broken below a key support level were market has been consolidating in since hitting all time highs, we have a strong impulse to the downside from a daily perspective.
Trade Safe and use Stop Loss.
We have 2 scenarios here, that could be traded following a breakout and going with the trend!
You could also send pending Limit Orders on those prize zones so that they could trigger for you automatically with each having a stop loss of the opposite of your other entry trade.
USDCAD broken a descending trendline and a support & resistance zone.
Price has retested the broken zone and printed a bullish engulfing candle.
Price has the potential to continue moving higher in wave 3.
The break is a great buy confirmation while the red line is the invalidation zone.
Best of luck on the chart,
XAUUSD Sell Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know.
The Market can go in the opposite direction of what we analyzed. So we have to manage our risk and adopt the situation accordingly.
I have done some research and found out that COVID cases are on the rise across Europe. Germany and France. They are expected to implement new measures and closure for 2 weeks in order to limit the spread. This contributes to EUR sales.
At the moment the first resistance is 1.1875 and from there we can expect repulsion and the beginning of a...
You can use this chart for confirmation on your analysis and I hope it will help you to make a better decision.
If the Trend Line at the top is strong enough, AUDUSD can start its falling from there.
Thank you very much,
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