I will keep analysis brief. I believe we will raid the lower channel then sweep above liquidity and then let the dollar decide it's move based on equity sentiment in the US market.
2.23 R:R trade. I will not be continuing to trade FX - I want to attempt given gold has been so volatile and that is usually the only asset which I trade.
Dark purple lines are major weekly Fib levels.
Dashed light red / pink lines are Fib levels on shorter time zones.
Trade set up is marked out in the picture shown here.
Best of luck if you take this set up and please give feedback on what you think of the idea or the market itself. Big week ahead for the dollar - we will see whether SPX takes a further dive or capital is introduced and market starts to recover.
Best of luck and remember once you get stopped out walk away. This is not a casino!
2.23 R:R trade. I will not be continuing to trade FX - I want to attempt given gold has been so volatile and that is usually the only asset which I trade.
Dark purple lines are major weekly Fib levels.
Dashed light red / pink lines are Fib levels on shorter time zones.
Trade set up is marked out in the picture shown here.
Best of luck if you take this set up and please give feedback on what you think of the idea or the market itself. Big week ahead for the dollar - we will see whether SPX takes a further dive or capital is introduced and market starts to recover.
Best of luck and remember once you get stopped out walk away. This is not a casino!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.