As price spiked last days due to US and Iran conflicts, reaching top of the weekly channel, we could see price going down after completing Head n Shoulders pattern... In other case scenario, we could see price going up and breaking the weekly channel as US and Iran conflicts continues... So at this point trading GOLD is risky, as we cant predict further...
Price is about to touch the 109.650 level, we either wait for break or bounce...
We could open short position when price ,makes fake breakout on 8886.0 level, with R/R of 6.5
We could see price going back to liquidity zone that lasted for 3 months, best would be wait for false breakout, and then going short...
We've got 2 scenarios on USD/JPY, either price is rejecting 107.900 level and going up, or breaking it and going down...
Price currently is under Resistance's and TL's pressure, we could see price drop...best sell place would be 1.31100 level...
It would be safe to open position on 0.69270 level, low risk trade as price is respecting channel...
While many traders will go short on GOLD, we will go long, because it's GOLD! Price have reached 4 month HIGH...we could see price dropping down to TL, before breaking the Resistance... Or second scenario, making fake brokeout, and then dropping to TL...
Price is in action of making Right Shoulder, after that we cann look for sel position...
Price just touched channels Resistance, and is about to go down Highest High - 8365.0 Where to open position? 1): Open SELL position when price goes back to Last High, making double top pattern, Stop Loss above Channels Resistance... 2): Open Buy/Sell position when price is at 8000.0 zone...
Price closed above 108.860 key level on 1D timeframe...we could see potenitial bullish pressure
Price broke small, reliable support zone...best idea would be, when price goes back to 0,5 fibonacci level, we could execute sell position with good R/R of 4...now its just PATIENCE...
On daily timeframe price have been in consolidation phase almost for 2 months... On 4H timeframe price is making ascending channel with reliable resistance zone ahead... Our next destination is 0.618 fibonacci level, where we can decide what to do : 1 - wait when price go back to 0.99400 resistance level and then open sell with good R/R of 3, (Most accurate) 2 -...
In previous EUR/USD idea, price didn't met our trading plan, so we had to cancel it! Now we can re-enter safely with good R/R of 4 as price is reaching channels resistance level, with resistance level below it, where we can catch big breakout candle...
In big picture EUR/USD is moving in descending channel...we are close at bottom of channel, open buy when price is touching suuport of TL...with 2.5 R/R
XAU/USD hit our stop-loss in previous trading plan, news came out and made big volatility...looking for re-enter as price is rejecting 0.5 fib level and our resistance level...
Price is now in uptrend, almost at reliable resistance level 8000.0 (round number), where price could be trapped in wedge and breakout, either up or down, in this case, down, with good R/R of 5...sell limit 8K... TP - 7756.0 or 7611.0