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Forex-gold

GBPUSD falling out of trend - 1h shaping up for the SELL? 📉Cable has recently fallen out of trend with a strong bearish candle. On the 1 hour timeframe price is forming a continuation pattern and I am looking to get involved on the hover . On the contrary, I have been bullish on the US Dollar for almost a month now and we can finally see the DXY pushing higher, rejecting a key monthly structure. There are many confluences for a move lower on the Great British Pound and it isn't a move you want to miss!
Short
by leanosamwinga
GBPUSD | SWING - 8. Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It is heading and approaching strong support, so the support becomes a buying area, and the target is the resistance indicated in the analysis. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD
Long
by Saeed966
1
How to Trade the Head and Shoulders PatternThe head and shoulders chart pattern is a reversal pattern and most often seen in uptrends. Not only is head and shoulders known for trend reversals, but it’s also known for dandruff reversals as well. In this lesson, we’ll stick to talking about trend reversals and leave the topic of dandruff for another time. Head and Shoulders A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs. The slope of this line can either be up or down. Typically, when the slope is down, it produces a more reliable signal. In this example, we can easily see the head and shoulders pattern. The head is the second peak and is the highest point in the pattern. The two shoulders also form peaks but do not exceed the height of the head. With this formation, we put an entry order below the neckline. We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. You can see that once the price goes below the neckline it makes a move that is at least the size of the distance between the head and the neckline. We know you’re thinking to yourself, “the price kept moving even after it reached the target.” And our response is, “DON’T BE GREEDY!” Inverse Head and Shoulders The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder). These formations occur after extended downward movements.
Education
by Saeed966
2
GOLD SELL OPEN ON OUR M15 SETTINGS First SELL trade now open on our newly released settings for GOLD M15 , Lets see how it goes! these settings have proved a gain of a total 295% net profit since march 2019! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
OANDA:XAUUSD
by congibb
Plan for the weekGoing to post charts with my plan for each. Only those in which I zoom in and am most active. And this is it. 18 charts to pay attention to (well not all of them). Maybe I'll get 8 screens. If I'm thirsty I can look at other minors, sek, copper, natgas. I do keep track of them but only look for cool big moves. And then if I am desperate or greedy there are indices stocks crypto I can just waste time and lose money. So basically with almost all fx I am waiting for sideways to end and a trend to form then trying to join it either for a quick move on H1 hours to days, or go up a bit then pullback on H4 and get in for a move days to weeks. A couple of pairs are maybe reversing but I don't even remember who it's not that great, not sure what I'll do. EURNZD I could not enter and it is going straight into resistance, I'll wait for a big pullback then we will see, if it keeps going so be it. Oil is pointless, Gold I could short for a quick one, and buy long term (would use as denominator on 1/3 trading account). Saw some nice EW I wanted to show, but there are already alot of screenshots.
by MrRenev
3
[Currencies] Markets shifting phase, no money to be madeThe second half of July was fun. But now it is over. It is either time for some vacations, or some research & self-improvement. Gold & Silver, Bitcoin, and major governement fiat currencies - usd pairs - are taking a break from their trends (if we can call this a trend for BTC). I do not think there will be anything interesting in the coming days or weeks... For my part other that those currencies I also look at some crosses regularly (with jpy I even only do crosses I don't even trade usdjpy), as well as a few commodities (Oil NatGas Copper). Who knows, there might be something? Commodities Crosses "Exotics" and crosses Nothing too crazy. I don't want to go completely analyse every 20 non usd currency pair I can think of. And I'm thinking "is this good or not can't tell", if you have to ask this question then it is not good enough. EURJPY could be interesting, better keep an eye on it this week. Going to look at some old charts and do some self improvement.
by MrRenev
1
Gold Long setup formation!!Top Down Analysis Daily Timeframe Gold is still maintaining and uptrend to the upside. still holding between the 9 and 21 EMA .Super bullish as inflation kicks in!!! H4 timeframe Price is Forming UPtrend and we can see price is currently in a temporary consolidation and we could see price bounce between to level around 1815 high level and 1795 low level. so since price is currently trading between the zone we could see price reject the zone and continue to the upside and nice momentum for today friday close H1 Timeframe Nice rejection on the 1715 level. we need to still confirm the rejection with high momentum to the upside
OANDA:XAUUSDLong
by ShinForex1