GBPCAD is presently testing the resistance that coincided with a weekly and daily price. Sell rally is my strategy for the pair. Always follow your trading plan and staff safe
I will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test. My bearish outlook is further reinforced because the weekly candle closed...
Gold fell 1,000 pips (more than 3%) on the closing day of the trading week, driven by a huge daily momentum candle. During the Asian session, the price rose to 2,387, and I was expecting it to touch 2,400 before considering a short position. News emerged that the People's Bank of China cut back its purchases after 18 months. Additionally, NFP data during the NY...
Dear Traders, this is my opinion on NZDCAD. always follow your trading plan and apply proper risk and money management stay safe!
This is my opinion on XAUUSD. Please, apply proper risk and money management. safe trade
Since the beginning of the year, BTCUSD has surged by over 3000 pips. After reaching the 71k mark, the pair initiated a correction move. However, this move was swiftly halted by the bulls around the 56k mark. Observing the daily chart, BTC has been pressing against the 71k resistance level, touching it four times. A break above this level appears imminent. The...
Waiting for a breakout of the support before taking a short position. This is my opinion about EURCHF Stay safe traders
Since the start of the year, GBPCHF has been on an uptrend after finding support at 1.06, with the pair climbing approximately 1500 pips. Observing the monthly chart, there are five consecutive green candles, indicating a strong upward momentum. However, the pair is now encountering significant resistance at 1.17. I plan to wait for the price to reach this...
This is my opinion on XAGUSD, the price is more likely to break out to the downside.
This is my take on NZDJPY. The pair is overbought and on strong resistance (monthly). The probability is high that the pair will make a pull back