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14/06/22 UsdCad Analysis 4hUsdCad is creating a Peak Formation High, 3 swipes to the high on 1h creating Peak Formation structure, wait throughout the week for structure to confirm and price just surpasses 1.29000 and is still very Bullish, must also wait and see if price breaks the 1.29750. DXY is extremely Bullish on the D, DXY is the USD strength meaning any USDXXX pairs with be Bullish and any XXXUSD pairs will be Bearish. This pair's Bullish run is coming to an end this week, just have to wait and see what price does around the 1.29750 zone and the 1.30500 zone, only then will we be able to wait for confirmation.
Short
by LilRusty
14/06/22 Gold analysisGold has made a peak formation low back in 16/05 and has been consolidating since then going up and down, Gold now has made a monstrous Bearish drop to grab sell orders of the retail traders and is now consolidating around the 1830.00 zone, price is expected to do a immanent reversal soon and will continue on it's Bullish run for the Bearish is just just a fake out, Fast Moves = False trend. Gold will then continue climbing it's levels until it reaches Peak Formation High.
OANDA:XAUUSD
by LilRusty
AUDUSD SHORT TRADEPAIR: AUDUSD A short trade was taken from 0.71780 with TP1 (0.71580), 20 pips already archived. The target here is 100 pips with 40 pips SL. Partials already taken with breakeven done. A risk free trade now. A trendline on the H1 time frame was broken with price moving back to that broken area. This informed my short trade on this pair. Let me know your thoughts in the comment box below. Don't forget to hit the like button and follow if you want to see more of these Have a good trading day
by UnknownUnicorn5062387