so there is more probability for the price the to up too 160 and 260 which is massive raise for the steel, but if we brk 100 and below then it can go down nearly to 70-80. for me buying now is the good option
many things can happen in gold, strong buy after 1784 until then sell ( trying sell can blow ur account and aslo buy the dip, dont get stuck in up and down
2. 1747-1788 followed by 1830 -1916
Use all these as ur entry point, traders hold the beauty for long
Becareful on selling if u can face the reality.
70% possible for green path line. its better best leave this pair until NFP. only one thing possible gbp is going crash like crazy, im gonna leave this pair for sometime. but selling can be possible @1.36078 make sure to keep stop loss based on ur money management
70% sure of green trend line and red trend line 70% possible. coming friday we have NFP which is very important but from the last meeting they r saying they will bring back economy and make the dollar stronger, fed is crazy nowadays people are suffering from interest rate. so its u all traders exit ur posistion before friday nfp.
red path line im not confirm, but yellow path line 60% it will sell market, but who knows im not running the market even red path line possible. what ever direction use my path line to trade the market. scalping in currency pairs is not my type, go for long
Lets see in four days euro didnt make it above 1.185, we can see the 1.16 first after few re-test then again to 1.15. more important coming two days is every important, dont enter market without knowledge and use stop loss. i'm not gonna give direction unless thr is confirmation. lets just wait and enter no need to rush.
This idea is only my idea u can use this as material for drawing trend-line, make sure to follow trend & news. i drawn this line past month which as been working perfectly for my analysis and also price action.
As i said in the previous idea, price as to come to the trend line. place a buy limit at trend line,Sl= 20pips down. HOLD it till our target 1.23. move stop loss to enrty.if 70 pips up. Dont't close it until our target. please like and comment if u like this idea.