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Forextradingzones

#GOLD potential for moving buy-side! #GOLD Price is trading in the demand zone and we got the price rejection so if you form any bullish candlestick the price possible to moving next resistance level 1807 Why we like it: price trading in demand zone waiting for Bullish Candlestick Formation Touching 50 EMA 1st Resistance: 1807 Next supply area & horizontal swing high resistance 2nd Resistance: 1810 Next supply area & horizontal swing high resistance 1st Support: 1795 Next demand area & horizontal swing low resistance 2nd Support: 1788 Next demand area & horizontal swing low resistance
TVC:GOLDLong
by Skandhatrade
#GBPUSD approaching Resistance Area , the potential a Drop!#GBPUSD Price is trading the Resistance Area and it is also react the 4HR resistance so it is possible to a drop And the price also possible to down and touch the 50EMA shooting star candlesticks will formed in resistance area Why we like it: Price Trading in Resistance area formed shooting star candlestick pattern Attend the 90% fib level Retrace the price and expect to touch the 50EMA 1st support: 1.37655 Next Zone area & horizontal swing Low support 2nd support: 1.36960 Zone area & horizontal swing Low support 1st Resistance 1.38649 Zone area & horizontal swing high resistance
Short
by Skandhatrade
#GBPJPY approaching Resistance Area , the potential a Drop!GPJPY Price is trading the Resistance Area and it is also react the 4HR resistance so it is possible to a drop And the price also touching the 200EMA and pricing pattern candlestick formed in resistance area Why we like it: Price Trading in Resistance area formed pricing pattern candlestick pattern Attend the 100% fib level 200EMA touching 1st support: 151.346 Next Zone area & horizontal swing Low support 2nd support: 141.938 Zone area & horizontal swing Low support 1st Resistance 153.313 - 153.514 Zone area & horizontal swing high resistance
Short
by Skandhatrade
what will EURUSD do after inflation?Today was the release of the usd core inflation rate and the result is pretty dramatic, the result was 4.5% which is the highest since 2008. what will this do for the dollar? initally there was a sell off but now it seems as though price is making its way back. what we can see on the daily timeframe is we have experienced the 3rd touch of the daily uptrend so it all depends if price is going to break below or stay above. if it does stay above and continue its uptrend then we will be looking for quick in quick outs and placing our trades at the start of the London session to ensure the most volume and catch the daily movements that way.
by Trade_Rocket_Investments