- EUR/USD hovering around an important junction - 1.1760/1.1910 to be exact
- volatile week/s ahead
- 1.1700 will not print before 1.2000, at least so saying the chart readings
- in case the long term term trend is respected, I do expect a bounce and a run towards 1.25 area at least during the coming weeks
print of 1.1700 may suggest that EUR/USD trend for...
happy 2021 and best wishes for your well being
suggested level to open the position: 1.5870
timing to open: with the market opening Sunday US afternoon, Africa/European night or Monday morning if in Asia/Pacific :)
time frame: the coming week
those are guidelines for the general trade setup and the risk management with it.
any questions, feel free to...
- blue lines are the price targets for the coming 10 sessions, maybe longer.
- green lines are buying cluster until coming Tuesday's close, if seen
this is positional trading and has nothing to do with intraday scalping noise and blah blah
as always, any gain is better than loss and of course, good luck!
- $2100++ remains the target for 2020
all the deep analysis is done and behind now.
the active period for analysis is until 11/NOV/2020.
all sums into RED line not getting daily close under it @ 337.50 (SPY price module), the BLUE line is target for impulsive move uP which I expect to start happening early the coming week.
I repeat, it is applicable to the time window ending 11/NOV/2020
analysis done, so here is trading theme
in my opinion we are into buy the dips theme for the coming weeks with 1.34 area as the first target.
in case the theme gathers momentum, we may print above 1.3730 still this year
today, we approach the most important side of positional trading. highly important to the ones without decades of active gold trading experience.
as all is pointing to gold moving uP, it is highly likely that also this time it will not happen in straight line.
that means, logic and responsible trader cannot rule out a powerful move down before resumption of...
all the analysis turned into the trade in the chart.
the wide stop is to ensure that the play goes on and leaving strengthening (=adding longs) in case goes lower the coming few sessions.
I do expect the target to print still this month.
check the trade every 8hrs and adjust size accordingly. if lower than entry add if above entry reduce risk.