ZechTrading

ZechTrading

Possible purchase opportunity at the break of the short-term maximum. We would only buy on the pull back at the old high. TP: We would use partial TPs, being the furthest in the projection of the flysheet height.

ZechTrading

GBPUSD is in a short term bearish channel. This bearish channel comes after a bullish pullback from the long-term downtrend. We are looking for sales opportunities in the upper part of the bearish channel to have a tighter SL. If it does not reach that area, you must save paceincia. More trades will emerge.

ZechTrading

The winning period for the bulls is over. The American indices are overbought and the long rise of the last few weeks had no fundamental basis due to the period of crisis in which we find ourselves. I would focus attention on two very important points. 1-> The ground (maracdo with the blue horizontal lines) is a key area, at the moment this area breaks, red days...

ZechTrading

Xau, as we have been able to observe in recent months, no longer acts as a refuge value (it has high volatility, has completely lost its correlation with the main American indices and has large falls). This means that although in periods of index drop like the current one, Xau can also drop as it can occur in the current situation with the S-H-S.

ZechTrading

We are making partial entries, around sma200 and near the top of the bearish channel. I have decided to put the stop loss 0.64883 in case of any false break that makes us from the market at the worst situation. Remember: do not risk more than 1% of the account per operation. Good luck!! I do not publish this publication with the interest that they invest in the...

ZechTrading

We are looking for sales in the upper part of the bearish channel. With a peculiarity, the price could turn around before reaching the marked area and start the fall in the more short-term downtrend. Analyze the shape of the candles when it reaches the yellow line just in case it does not rise to the top of the largest bearish channel.

ZechTrading

Waiting to the upper part of the bearish channel. This channel has formed into a bearish double top on daily chart. This double ceiling has already been confirmed, so we are looking for sales in safe areas with short-term objectives.

ZechTrading

In my opinion, we are in the perfect situation to sell. I recommend to sell now half of the total position and the other 50% sell it when it breaks the upward trend in the lower TF. I used to take this strategy when i want to make sure i am in the correct trend of the market to invest all the trade. We are right in touching the high part of the downtrend so it is...

ZechTrading

Reasons why gold could go higer and higer: Coronavirus. [/b ] Gold is a refuge value so in moments of instability it is recommended to set aside sales. Bullish Triangle . Now we are in top of the structure, so it is possible that there will be a small setback to 1576-1577 and then a return to look for new highs breaking up the triangle.

ZechTrading

It is time to think about getting rid of bearish positions because we are approaching the lower part of the bearish channel. There are still a couple of bearish sessions but soon a bullish correction will begin so that the long-term bearish movement gains more strength.