SimplyFxCharts

SimplyFxCharts

The mental discipline. Rule: Don’t get personal, do not get emotionally involved. Don’t you EVER double up in a losing steak to hang tough against the broker, the market. Double up is equal to extending stop-losses, big mistake. A Scenario play: Said, your risk is 5pips, your break-even is then on the next + 5pips, your real unrealised gain start on 7th pips,...

SimplyFxCharts

Selling continues but at this point rebound could happen and need watch long term rally as the selling weakens an uptrend ticking higher yet closed south. activities past 3 years in a mixed but higher low and higher highs did happen. There another stops set above new high which is critical area since its at the historical high anything can happen like a sudden...

SimplyFxCharts

These are some of the price which gold could work along to 1460 1587 1614 1643 1654 The weekly closed 1488 is consider reasonable entry price for longs and work towards certain price as above. 1370 lowest to go. Fluctuation of price with small dojis in the month is consider normal.

SimplyFxCharts

Overview of HYG pointing to test 8 months low which you could find a gap around 82 to 83 in a weekly timeframe.

SimplyFxCharts

The Dow could make a lower low than recent low of Aug on the weekly.

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Minor trend is a reversal of major trend. Sellers around 1.04 as price moves closer to this no.1, your stops have to move. Selling, when taking place, look for 0.94.

SimplyFxCharts Updated 

On the weekly, is an uptrend and may hit 2nd green line on the wayup to meet sellers. The buyers are not keen at this levels given the monthly view as provided earlier. and Unless buyers prove otherwise, the sellers would push price down to previous lows for short term rally. Avoid Long into shorts and watch where price is making. FX_IDC:USDCAD

SimplyFxCharts Updated 

With the recent downward price move, the near term a bearish trend but short term price rallying to 11,000.

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Daily bottom. To retest prev daily high. Watch it.

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Temp weakness in 1h, could due to profit taking and generally due for a correction. Near term 3024 A retest of 3008 is possible. During mid-week, if price would maintain above 3000 and making higher highs and higher lows, one of the common price behavior. The future looking is 3010 till 3019 before working higher or a retracement along side.

SimplyFxCharts

gold lovers or collectors, price is ranging for past 4 years and moving upwards since 2013 and 2016 respectively. That means start keeping commodities as low 1375 and sell as high 1920. This is a snapshot view from the look at monthly price behaviorial so not much details looking into it.

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In this monthly TF, i will briefly share my thoughts. Long term view price should not close above red line even may cross. The basis for this rally for a year which ends the correction to approx.13391. Current price 13230 Maroon to red, price would meet sellers and following months candles formation has one two results:- 1) Strong/fast rally of a closing...

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The main trend is an uptrend and a temporary changed of trend in near and mid-term falling towards 9.01

SimplyFxCharts Updated 

Mn have to close solid lower than dz and enable to take-on weekly / Mn after retacement (if happens). Nzdcad remains in a strong position unless entire month of Aug keep on dropping and remove Mn dz. Weekly short at sz or d1 provided weekly has no .... and that no higher lows formed.....

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Entry price 3200 For Longs, above price not provided in accuracy on purpose so that you could take advantage of your position. Longs may look forward to rally respond at around entry price. This does not mean you should aggressively pound on this entry price. But find a place for your stops very minimum exposure. Focus on your risk not on the profits.

SimplyFxCharts Updated 

Bullish output since the lows of price started rally sometime ago. Maintaining my position with adjusted stops. If traders are going to add position, you need to wait. Traders with exposure in this pair have to adjust stops on Daily basis. Look out for price continues rallying until previous lows broken. Do not get excited nor be overly traded in one single...

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Buy around 81.4 up down

SimplyFxCharts Updated 

The dropped in price was expected but find that a somewhat surprise dropped could be due to motivate by news. Not a news trader nor based on any releases of results by financial. As previously mentioned, the sellers and buyers are adjusting their position that's because of bullish and bearish traders is in a mixed. News is always a late indicator prior to a...