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Gold analysis in 1h time frameHello guys, I hope you are doing well. You can see the gold chart in the 1-hour time frame. At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days. This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher. Currently, it has reached a 15-minute support zone, which is still valid. By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
OANDA:XAUUSDLong
by Golden_Star1994
CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend. Now the pair is trading back to important 110 zone resistance and a break up seems imminent. The recent dive under 109 was quickly reversed, which also adds to my bullish perspective. In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term. For shorter term traders, 112 is also a good target with 1:2 risk:reward
Long
by Mihai_Iacob
2
Fx ICT Short Setup, GBPCAD, Swing TradeDo you want to make money online by trading forex? If yes, then you are in luck! 🍀 We have a special offer for you: a swing trade idea for GBPCAD that can give you up to 150 pips profit! 💰 GBPCAD has been in a downtrend since yesterday on the 4H and higher timeframes. We have spotted a perfect opportunity to sell it at a high price and buy it back at a low price. Here is how it works: The price has broken the key level of 1.7058, which is a strong sign of bearish momentum. We expect the price to retrace back to this level and form a supply zone, where sellers will be waiting to enter the market. We will place a sell limit order at 1.7113, which is the top of the supply zone. If the price reaches our sell limit order, we will enter a short trade and set our take profit targets at 1.7010 (TP1) and 1.6910 (TP2), which are the demand zones where buyers will be waiting to enter the market. If the price hits our take profit targets, we will exit the trade and enjoy our profits! This is a simple and effective way to make money online by trading forex. But hurry, this offer won’t last long! 🔥 To get more swing trade ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 😊 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
Short
by ICT_Trader_SB
GBPJPY SELL entries are possible the momentGBPJPY Analysis Price is currently in a range, between the Daily Resistance at 188.500, and the 4H Support at 187.400. It is now hovering near the Daily Resistance. Scenario 1: SELL entries are possible the moment price forms a bearish confirmation pattern, with targets set at the 4H Support of the range. Scenario 2: BUY entries are possible after price breaks through, closes above and re-tests the Daily Resistance & the Candle High at 188.934. Targets will be placed at the next strong psychological level at 190.000.
by chamitha45