The pair is currently trading next to the key level with a possible bullish move to retest the top key level. Looking for a short trade below the key level after a retest with TP 1 and 2 being the below key levels.
The price of the instrument is trading closer to the key level after successfully breaking it on Friday's trading session. Looking for a buy opportunity if today's candle will close above this key level after a retest of the level.
The price is trading closer to the key level. With the huge upside moves on Friday, the price is likely to retrace before continuing the bullish trend. Looking for a short term trade below the key level with TP being the next key level.
Alternatively, a breakout of the key level will indicate the continuation of the bullish trend.
The pair has formed a bullish triangle supported by a strong key level at the top and a trend line. Looking for a long trade opportunity after the price has tested the trend line and successfully broken the key level.
Gold has been ranging between key level 1 and 3 from August 12 2020. Below is my thoughts of how we can trade this instrument with low risk.
1. Global trend for the instrument is still bullish. Key areas are key level 1 and 2. If the price clearly breaks either of these levels it will be a clear indication of the completed range zone and a buy order with low...
The instrument is currently moving up and down between key levels 1 and 3 and currently showing its 3rd repetitive bullish circle pattern. Below are my thoughts on how to trade such uncertain moves.
Follow the patterns !
1. The price is currently on its 3rd bullish repetitive pattern and approaching key level 2. Break above this level will give the buying...
The pair is currently trading close to the strong key level 3. This level has been tested previously 3 times and the price failed to break it. The following are my thoughts about the pair :
- Previously the pair traded nicely on triangle(A), rejected by the key level 3 then broke out of the triangle to key level 2.
- Currently the price is again trading on...
Gold has been respecting the 2 key levels as well as the trend line on both the daily chart and the H4 chart(See the idea I posted about Gold yesterday). Again today, looking to go long on the bounce of the price of Gold at the trend line, this is further supported by the local bullish trend exhibited by Gold at the moment and I would like to follow this trend...
Gold continues to show strong bullish movement supported by a strong trend line from below. Looking for short opportunities if the price clearly fails to break either of key levels 1 and 2 with anticipated tp being on the trend line.
The pair currently shows an up trend supported by a trend line. At the moment I would like to follow this trend and only open a long position after the break out of the marked key level followed by a short pullback.