Afternoon traders.
Gold is in a bearish channel. Downtrend overall. What is best is to look for selling opportunities. The market went down after touching the trendline and it is sitting on a support right now. What do we anticipate? Let's wait for the breakout and retest then we can go for SELL
Morning trades .
According to my analysis TESLA has been moving inside a triangle . The market is expected to go touch the resistance trendline . The market is now moving in a bullish impulse move because of the previous support and resistance. After the 3rd touch on the resistance trendline that's when i will pull the trigger. I will go for a short position (SELL).
Afternoon traders.
As you can see from the chart. AUDUSD is moving in a descending channel overall. And it is sitting on a support ( Look where the horizontal line is ) after a very strong impulse move downwards . According to my strategy i must expect a double bottom for BUY . If it doesn't respect the set up and it breaks the support level , the stoploss will...