nick.trader4

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Forex trader from Toronto ON
Markets Allocation
50 % forex 50 % other
Top Mentioned Symbols
GBPUSD 50% | 1 XAUUSD 50% | 1
nick.trader4 nick.trader4 XAUUSD, D, Short ,
XAUUSD: GOLD- Daily- Long Term
75 0 6
XAUUSD, D Short
GOLD- Daily- Long Term

Mar.10- Based on the price action throughout the week and the NFP results today a Fed RATE HIKE could be coming next week Wednesday (Mar.15). Looking for a trend reset on gold after this weeks heavy bear move to the 1215-1225 zone. Depending on the Fed rate hike we could see a continued move down from that zone to back under 1200 if they do raise rates.

nick.trader4 nick.trader4 GBPUSD, D,
GBPUSD: GBP/USD Daily support channel
43 1 4
GBPUSD, D
GBP/USD Daily support channel

Since the price bounced off resistance in early September the pound has been in a downtrend and is approaching major support created by Brexit. Price action looks to test that 1.3 level again and continue down 100 standard pips to nearly 1.28700. The pound may start to create higher highs after this support.

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