GBPUSD - Weekly Outlook 24th - 28th February 2020Hello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!
GBPUSD showing a very clear falling wedge in position and expecting a breakout ahead for a perfect entry. And also we have a "W" formation on the bottom trend line. CFTC data showing a strong data change of 7.7k towards longs which being another strong indication towards my analysis and prediction
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Biconomics
Best Place to Buy Gold ( Long Term Approach )Hello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!
Gold has rallied up an unbeatable trend many traders would have missed this out. While I am looking for a perfect entry to long the gold I have found this trade setup which is clear and accurate. 1611 is the key level where I am looking for an opportunity with a target of 1796 where the Cup structure gets completed. 1611 shows 38% fib for the current bullish trend formed from 1548. Nothing is confirmed until we meet with relevant criteria that I am looking for.
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SPX500 Can it make another Bounce on the trend line?We're very clear SPX500 is unstoppable on its bullish run. Trump keeps on supporting business world and economy as of with his Election Statements and winning turning point. In here I am expecting a little correction in the market back up to the trend line it formed. If we can get printed with a perfect bounce that proves for another new high very close by
Bitcoin is still printing its handle for the Cup formedIts a clear structure of a Cup and Handle pattern for Bitcoin. But still price making some fluctuations in between the parallel lines I have marked up and still the handle isn't completed yet. So a perfect breakout from handle will surely support for a massive profit potential but still I am expecting target around 12k as its very realistic as it seems to be. But this can possibly reach out up to 13.8k ahead.
USOIL Can make another Price Drop with this W1 Key LevelIn the weekly time frame I witness a very special key level which can support for more oil price drop out ahead. As we know Corona Virus became a very strong tool to move the markets and change the traders sentiment over the time and since it got started spread out. So with the trade setup I have worked here I see $43 is became realistic at this stage.