The price is now forming an H&S while is reaching the 0.382 level of retracement from the fist downward impulse of this morning.
Let's try to catch the possible second one. First target at the neckline and final target near the 13150 zone.
Indexes, dollar and precious metals are running today. Someone is lying and and if I am convinced that in the long run are the indices, in short period could be the metals.
If tomorrow we will be in positive territory, consider to bring the stop to break even before the communication on interest rates by the fed.
I think this correction can continue until 0.786 level of retracement.
This trade is particularly recommended to the ones that are following my other trades against dollar and is the one, along with the AUDUSD trade, that can help us hedging positions against dollar.
Dose the risk based on your personal vision for or against the greenback.
Until the last pip
Unfortunately I was publishing another idea and in the meantime the change has already moved towards our target.
If it retrace to the entry level before having violated the 50-period MA anyway you can enter.
This is my dollar-friendly trade that can be used to mediate other ideas in which I am negative about the dollar.
Hello everyone, my hatred of the dollar does not calm down.
Also on this cross I see a weak greenback.
From a technical point of view we see that after the last bearish impulse the cross is keeping the new level and there don't seem to be any great attempts to change the trend.
The consolidation could be a short-term wave 4 and I expect a further downward...
it will be a long journey, but the international economic situation and the low yields on the bond market could push gold towards the peaks of its history.
For now we are happy to exceed the new maximums of 2019 recorded last week.
From a technical point of view the impulse of last week could represent the wave 1 of a new upward trend.
if you want to follow my...
last week may have seen the beginning of weakness on the USD.
Technical setup on this cross is particularly interesting because usdchf is lateralizing after completing a possible medium-term wave 1.
we can try a short with risk-return ratio of 3.50
if you want to follow my ideas on eurusd, usdchf and gold I recommend reducing your exposure because they are all...
the exchange rate is ready to take directionality after months of contained volatility.
Last week's negative US data could put stock indices under selling pressure (I do not expect an imminent sale because Powell's words about a more dovish attitude in case of need could still have an effect on the markets) and I expect gold to rise further, in this scenario the...