hope you are doing great, we have an excellent opportunity on GOLD, our last idea hit $2140 and so it was our target. Then price dropped 1400+ pips making it one of biggest drop that gold ever had. The reason can only be one there was large orders placed at $2140-2142 area and then the big players dumped the gold. In our opinion gold is still...
with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price...
OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly.
We will have to keep close eye on the...
Our last setup that we posted yesterday we thought price would first reach 2022 and then reject and drop to 2006 region though price did that exactly the same yesterday but it dropped early without reaching 2022 region. Now there are two scenario in the market, first price may continue the bullish trend from now and second scenario is if price drop and it comes to...
gold has breakthrough the last key level and now it is on the way to make record high. There is no major pullback that we can expect from now onwards, price is extremely bullish now and it will continue to be the same until it reach above $2100 area.
DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be...
FX:USDCAD possible downtrend to continue towards 1.3200, as price have shown significant bearish pressure in last few days of the week. while dxy remain bearish cad has gained vast majority of bullish interest and it is likely that this is just beginning of downfall for USDCAD.
here is outlook for coming week, we remain bullish with the GOLD a small bearish retracement is expected at the beginning of the week. However, then we have two target first is 2009 and second is 2064 both are lined up with the key levels. We will have to wait until we have a strong confirmation which can be done using small timeframe.
If you like...
Gold has repeatedly failed to breakthrough 2010 region showing extreme selling pressure in 1990-2007 region. In this scenario price usually drops and it drops hard however, the thing that worries us is price is still consolidating in one region since last few days. Taking any trades on GOLD right now would be mistake.
hope you had a great week, gold has failed to break through 2052 region where sellers took control over. Now when we looked clearly at the chart on 1 DAY timeframe it is clearly that market is making AB=CD wave pattern from it first rejection at 1800 to it second big pullback from 2009 to 1932. And from there CD pattern formed took price from 1932...
View on Dxy remain bearish for long term and hence as usdcad price overbought recently there is high chance of significant sell off to occur in coming days or weeks depending on how DXY moves. What we also have identified the similar price pattern that happened last time when usdcad reach the exact same price level. This is not a guarantee that...
Gold is set to drop to fill the gap that it left in last two days, price have shown a immense sellers pressure at 2045 region and therefore we think price will drop to 2020 area or even further. It can even drop below 1980.
Hope you had a great weekend, now as we look into XAGUSD, last three daily candle closed completely bullish which indicates a further bullish price continuous. We also need to consider one important fact here that XAU AND XAG both metals are positively correlated. It is advisable to wait until price come to our area and then we can take entry with...
XAU and AUD are positively correlated which means when price of GOLD goes up AUD goes up too. Hence, AUDCAD dropped heavily in recent time and therefore price is at the 'discounted level' where big buys are expected within the next week. It is crucial to enter with good risk management. Next week is likely to be volatile.
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We are expecting a long bullish buying setup very soon as price indicating a further downtrend to be continued due to strong usd presence in the market. We will have to closely monitor the market and enter accordingly to the price action.
here is the best area where you can enter:
POSSIBLE BUYING ZONE AT 0.62733
STOP LOSS AT: 0.61611
NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly.
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FX:GBPJPY price consolidated and it is time to extract from that consolidation phase, we are now targeting 190 price region which will be crucial to look around that area. Entry now with accurate stop loss can be a good option to buy swing and take advantage this trade.
trade smart not emotionally,