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Forex-mentor
Gold respect Gold has played exactly where it should have done. I expect the next move to run another quick false move up before dropping down, Ideally center of the Regression channel. Will be looking for key levels around there.
DXY strength due for a pullback. (Near term moves)
Would like to see the lower move not the higher...
Bit of fun
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
AUDUSD Long opportunity FocusedFortuneFXX marks the spot for entry, on a larger degree descending channel, we can look for current price action structure to break the smaller degree ascending channel and head for 0.70500 target swing area, this would require patience. If we see a negative USD we could get the surge to the upside quicker than expected. Boxed areas are significant zones, trendlines atill intact and respected.
make sure your risk is always in tact!