What to expect from gold - let's see the chart. - downtrend on H1 -resistance on H1 -61.8% of the last move -reversal candles All those basis as well as what we currently see present to us a good sell opportunity. While price is still below previous highs there's only one direction - down. That means we should be using stop loss and looking for targets at...
The downtrend on the hourly chart is still there. While that's the case, then we should be looking for short opportunities only. The first reversal signal will be if we see a breakout of previous high and that's why we place our stops there when we are entering short positions. The opportunities that we currently have: -sell from 1,1789-90 with stops above...
Pending orders Somewhere you can find the term as "Deferred orders". These are orders that will be filled in the future, once a certain condition is met. Most often this condition is reaching a certain market price. The most popular pending orders are Stop and Limit! Both types of orders become market orders when the initially set price is reached. The...
We are waiting for FED's interest rate decision tomorrow. This is the most important event right now. Based on that a lot of trades are being taken and future moves are being determined. That's why we recommend to not trade before such an important news. Once we have a clear market direction, that's when we want to get involved. What are the expectations and...
21st of July 22nd of July EURUSD is moving as expected and is now heading down to 1,1700. If you have short positions I would suggest that now you move your stops and reduce the risk. But you can also look for new entries! Here's your options: The current resistance after yesterdays fall is at the 1,1780-90 zone. In case price reaches those levels and it...
Gold couldn't manage to break below the key support yesterday but it makes another try today. With every new try it is more likely that we will see price breaking below. Like we said many times before we expect price to reach the 1775 level. Then any active sell trades will be with stops in a positive territory and when it comes to new entries, we recommend to...
The analysis from yesterday is going as expected and it confirms the direction that we were looking at. And that gives us an opportunity to look for short positions today! But there are a few conditions! Do not enter a trade now. We're still waiting for ECB interest rate decision. That will cause volatility in the market. It is also very likely that there...
19th of July: 20th of July: Gold reached 1800 which is a key support level. The way price action got down there indicates for a further downside continuation. We're going to be looking for lower values and the next support level is quite close - at 1795. If market breaks below, then we're going to be waiting for another downfall to 1770. That's why make...
Like we said in each one of our analysis recently, we're expecting gold reaching lower values! For everyone who's already in short positions we'd like to say that this is the moment where you can move your stops. You could also add to your positions. And if you don't currently have an active trade, then you still have the chance to enter. You can enter at...
Let's see if the cryptocurrency market has begun it's rally by asking this question first: Is one bullish day enough after the market has been falling for 69 days prior to that, so we can say that the direction has changed? Share your answer in the comments down below! Price bounced of pretty nice of the previous low and also the strong support in the 1799-1759...
EURUSD is currently in a downtrend on the H1 chart. We sent out multiple selling opportunities in this trend. Now we expect another downside move but... Before that we have ECB Interest Rate Decision. Those news could affect price by temporary taking price back to a higher levels. Any of those upside moves should end below 1,1880 in order for price to remain in...
7th of July: BTC below 30K again - until when? The analysis from the beginning of this month is now completed. Now let's have a look at what we could expect next. Yesterday BTC broke through a major support at 31000, then we had a retest and another push to the downside. While price is making such a moves, then we're only looking at a downside direction on...
On Friday we saw price breaking out of the ascending trendline followed by a nice retest. Then we had a downside impulse that confirmed the reversal. Right now, we expect this downside move to continue. First target will be $1793 and if we see a breakout there we could see even lower values. Make sure to watch out for our analysis so you can see how it...
A few hours after the analysis from yesterday gold was already $20 lower. Today we expect another downside move! Yesterday we saw an upside impulse from the $1800 level, which is more likely only a correction and we expect that move to end around $1820. If we get reversal candles with long wicks from there, the that's the perfect short opportunity. We will be...
Last week we expected a downfall It's now completed and the direction remains the same. However price is near a daily support which could reverse the market! That's why be careful when entering new short positions and make sure to move stops on your previous ones. We expect price reaching 1,3670 and maybe even lower, however we do not recommend entering short...
Last week we were looking at a weaker upside move. This week we are looking at which levels we could see next. Right now, price is in a nice downtrend and already breaking below previous lows, after it’s made a correction. This pullback is also known as a Pennant in technical analysis. Based on this figure and on the trend we should see a downside...
During the course of last week, we sent out multiple analysis on EURUSD In each one of them we looked at a downtrend and the selling opportunities in case of an upside move. Everyone who's got active short positions could place stops above 1,1850! Today looks like a decent opportunity to add to your position or make an entry. The expected target is...
Yesterday we shared with you both scenarios that we're looking at on USDJPY You can see the progress and now we're looking for reversal. The end goal remains unchanged - 111,59 This reversal right now wouldn't be valid if price breaks below the previous low at 109,50! Watch out if this candle will leave a wick. Price going above 110,00 will be our first...