Will be looking to place buys if price rejects the $1728 zone which had been a strong area of support, which also aligns with a 3rd bounce on trendline as well as the 50% fibs. Make sure stops are wide on gold as it can be volatile. Excellent RR. Will take majority of profits at $1754 if hit
EUR/USD is heading towards a strong level of support after plummeting in the past few weeks, mainly due to a strong dollar and covid-affected Europe. For this Bullish move to happen we need DXY to reach $94 where it encounters resistance boosting our case for a upward move. Lots of retail traders (myfxbook sentiment showing 85%) have been longing the euro too...
Rejection of resistance on lower time frame + 3rd trendline bounce. can reduce stop size for higher risk:reward
Price managed to break through consolidation area and looks to head to previous support turn resistence. Should price reach that level and show rejection, will look at placing sells
Price has reached a key area on a strong trendline, where price has show depletion in the form of several doji candles on the daily. Japan also had a 7.0 earthquake today which usually results in a stronger Yen (www.theguardian.com this is a good read) Definitely looking for shorts.
Price has been in a downtrend for past few weeks and is beginning to show rejection after price retraced slightly. Simple trade with good rr.
if price drops around $1720, will look to enter after rejections
Looking to add significant positions to ethereum, planning to hold long term. Support + 50% fib + channel bottom
Wait for retest of previous support before entering
Trendline bounce + 50% fib bounce + bearish bias ( still havent had retracement on pounds bull run
Last Major analysis was violated and gold smashed past solid support @ 1764. As you can see here, price is approaching the bottom of a year-strong parallel channel which also aligns with a key support area (1670-80). Will be looking for buys at 1665-70 area. I'm suspecting that price will rise slightly throughout the night, where it could collapse around NFP time...
excellent touch on 4hr trendline + 50% Fib
50% Fib bounce + down trend. Gold is looking bearish short term and we could see price dropping to around the 1680 levels, which aligns with a strong support level and trendline where i will be looking for buys
break + retest + 50% fib bounce. experimenting with fib extensions as profit targets