Downtrend
GOLD Potential Trading Plan! Sell!
Hello,Traders!
GOLD is quite volatile now
So any trade in any direction
Will be risky, however, for
Those still willing to trade
Here are my thoughts:
GOLD broke the key horizontal
Level of 1859$ while trading in a
Downtrend so after the pullback
And retest we can be expecting
A further move down
Sell!
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EURAUD I The Perfect Trade Set Up for This Week! Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Chart of the WeekFollowing up from last week, the Pound moved upwards on Thursday and Friday but the luck of momentum was obvious due to the establishment of the current downtrend. The weekly candle closed bearish therefore this week we expected to see more weakness in the pair.
Also, the Daily candle on Friday closed as a bearish reversal due to the selling pressure accumulated during the New York Trading Session.
Therefore short trades will be ideal the first week of October
ETH/USDT 4H Review ChartHello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, using the yellow line, it is worth determining the downward trend lines under which the price continues to stay.
Now let's move on to marking the support places. We will use the trend based fib extension tool to mark supports, and as you can see, first we have a support zone from $1,588 to $1,563, but if the price falls below this zone, we have a second strong zone from $1,537 to $1,501.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price is fighting the resistance at $1,595, then we have the first resistance zone from $1,616 to $1,632, then there is the second zone from $1,648 to $1,671, and then strong resistance at $1,700.
The CHOP index indicates that despite the recent move, we quickly regained energy, the RSI indicator shows a dynamic rebound after approaching the lower limit, while the STOCH indicator confirms the rebound, but you should be careful here because you can see the rapid use of energy.
GOLD Local Bearish Bias! Sell!
Hello,Traders!
GOLD is trading in a downtrend
But made a bullish correction
After which it hit a horizontal
Resistance of 1930$ and is
Already making a move down
So I think that Gold
Will keep falling
Sell!
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NZD-CAD Will Keep Falling! Sell!
Hello,Traders!
NZD-CAD is trading in a downtrend
And the pair broke the key
Horizontal rebound level of 0.8
Made a pullback and retest
And is now going down again
So we are bearish biased
And we will be expecting
The pair to keep falling down
Sell!
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