For Gold Daily I see attempts to burst further up. On higher time frames we are caught in downtrend. In order for me to trade on gold, I would like to see prices going above white line ( 90EMA) once more to show that it's really interested in moving up before I do a buy.
We wait a little longer to see if prices ...
As you can see on the weekly chart, price is rather stagnant and show no real commitment to either a up push or down push. Just stay out for the time being and observe it.
If it's staying still we stay out of this pair till it shows it's tail.
Technical Review of EURUSD. This is a new chart template. It's nothing more than just Bollinger band of value 50 using median prices.
Right now we are on downtrend, as it's staying on the lower portion. However I hold a bullish view on this pair. NO positions are opened yet but if a long position is opened we ...
This is my chart settings that will be used to determine my entry points. I will be using 4 EMAs.
the values are 10 EMA (high) , 10 EMA ( Low), 50 EMA (High) and 50 EMA (Low).
I have included one CCI value 13 with typical price settings ( HLC).
The moving averages will help me to determine trends and the CCI ...