Right now we can see price breaking through the major daily support at 143,77.
As long as we close below this resistance, I'll be looking for short setups to the downside with T1: 142,5 T2: 141,4
The best entry would at retest of 143,77, where we can set thight SL's.
In the second scenario, if the price breaks back above 143.77, then I'll be expecting retest of...
I see downside movement, after rejecting descending trendline and 50 fibo retracment. Also we could see breakout of the previous support which was at 5830.
As long as this level is our resistance, then I'm looking for move to the downside with T1: 5760, T2: 5720
Hi traders. Here is my view for AUDUSD. I'm long on this pair, since we are above the 0.705 price level. If we gonna stay above orange zone, that I've mentioned on the chart, then I'll be looking for price reaching 0.718. My stops are at 0.703.
Hi traders. Here is view of GOLD. Right now I'm long on it, with my first target at the 1323. After breaking 1304, I'm looking for retest of this zone, where I'll be adding more buys. I think 1300 is pretty strong psycho level, and if we stay above, then we might see some bullish PA.
Firstly fundamentals: Trumps specific policy, his trade wars, etc. makes me think, that US Dollar index is under big pressure, and it might affect with a bearish movement for that currency.
In the other hand, if we look what happens on the chart, we can see really strong supply zone, that has been respected by DXY. In my opinion USD is going south, with the...
In this projection, we've got market on the ascending trend line. If GJ won't break it, then We're looking for move to the 150 price level.
However if the market gonna break that trend line, then we should be looking for some bearish movement to the 144.
Market did break really important descending trend line. In this projection, the best way to look for buys, would be market going to the 111's demand zone. After bouncing from that level, we are looking for market going upside to this red zone, that I have marked on the chart which is something about 114 price level.
Market is on the long term ascending trend line. In this projection, We are looking for Gold going north side, to the 1300 price level.
Watching left side of the chart, we can see that 1238 zone, was really decent demand zone.
As we can see, the price did bounce from ascending long term trend line, and round 145.00 level. Also those 4hr candles got pretty long wicks, that might suggesting of trend changing. If the scenario will continue, we should see some bigger bullish moves, and if that happens, we should aim for target zones mentioned on the chart, as a blue color.