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Gold just broke the Daily trend line and it's heading downward. If you missed that setup, you can now wait for some pullback.
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GBPUSD - bulls had success on last Friday when they managed to close the session that powerful as they "engulfed up" the bear's efforts. However, my bias remain bullish as I've mentioned on my last trading setups on the Trade-Insider's TradeRoom.
If bulls managed 1.2930 resistance level the next target for the bulls will be 1.3050 and 1.3150 in further.
The price of the gold touched the trend line support level, where found a support and as we can see bulls took control over the bears here. I'm going to take a long here with stop below the trend line and my target will be the weekly chart high. Here is how my signal looks like:
GOLD BUY @ 1.1320 - 1.1308
SL 1302 (and move it to break even if price reaches...
USDCAD - the price is at key resistance level. We're waiting to see how it will react around that level. If price breaks above the shown resistance level, we'll be looking to go long. But if the price gets rejected from that level, we'll be looking for short opportunity.
Range resistance is broken and I expect to see pull back to the (new) support level and then long for the new bullish leg. If I got SL, I'll be looking to take another buy around 72.20.
NZDJPY BUY LIMIT 74.40
The price is at key support level. If price breaks below the 0.8620, I'll be looking for short trade or if price gets rejected from that level - potential long trade.
EURGBP SELL BELOW 0.8620
USDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk.
My trade idea here is:
USDCHF SELL BELOW 0.9920
SL 1.0000 (-80 pips)
TP 0.9800 (+120 pips, Key zone)
NZDUSD - looks like short-term down (30-50 pips), then up, but let's see..
Price gets rejected from the H4 resistance level, which can send the price back to the H4 support level(s) - 0.6800, where I'll be looking for long opportunity.
If price (directly) break above the resistance level, I'll be looking to take a long above 0.6850 with 1st target 0.6900, then...
AUDUSD looks pretty bullish on Weekly and Daily chart. And I'm going to take that trade. If we switch to H4 chart, we can see that the price rejected from short-term trend line, which means that we can see some pull back down to the 0.7150 zone. So my trading idea is:
AUDUSD BUY 0.7160 - 0.7115
It's not the best buy signal, but I'll take it. The price still ranging. Weekly bullish close (fake breakout), daily bullish close (bullish eng) gives a buy idea. USD Index close very bearish and it's heading down to the 94.50. USDJPY stuck on weekly tight range, where bulls looking weaker: IBF short idea formed, with bad RR.
EURUSD BUY AT 1.1335
SL 1.1290 (-45...
As we can see the price breakthrough the resistance level of the formed tight weekly range. This means that bulls won the battle, right? So, let's see what we're looking for "technically". Probably most of technical analysts are looking to go long, if price test old resistance as new support. It's pretty logical. Okay, this will be our 1st possibility.