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XAUUSD > The Best Place for A Buy!!Analysis of #GOLD Hi traders, today we will have a look at #XAUUSD the GOLD performed in line with the fundamental news we got recently about CPI, PPI, I still expect this move to continue to the upside, but the market needs to calm down and find more buyers, so expect a somewhat short-term move to the downside. As you can see on my chart, we previously had a solid key market resistance near 1720-1730, I do believe if the market reaches back to test this zone we will see a bullish reaction where I will drop a one-time frame looking for a buy entry with a good reward to risk if the rules are met. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
OANDA:XAUUSD
by TheTradersAvenue
28
EURUSD > You Dont Want to Miss out On These Levels!!Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD the EURUSD was not able to close above 1.0500 as you can see on my chart, while I still believe the EURUSD has more room to the upside I think in the short term we can see EURUSD falling back to test its support level near 1.0500-1.0100. looking at the chart you can see the zone I highlighted newer 1.0500-1.0100 represents the previous resistance which I expect will be good support for the EURUSD. if the market reaches my support zone I will drop a one-time frame looking for valid reversal patterns or harmonic patterns together in a buy trade with good reward to risk if the rules are met. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
9
USDCAD > The Best 2 Places for High Quality SellAnalysis of #USDCAD Hi traders, today we will have a look at #USDCAD the USDCAD trend has shifted to the downside, if you remember I posted head and shoulders last time on USDCAD, and indeed it moved as I predicted it to move, now I still see a further move to the downside, and I have confirmation that the trend now is to the downside. now, the question is where to sell? the first place to look for a sell entry would be of course previous support now became resistance, which is the previous low if we have valid confirmation we can then move to enter a sell trade. the second level to sell would be the previous lower high, as you can see we had a very good bearish reaction at that level and traders sold the market, so if the market comes and pull back to test its resistance zone I will also be looking for sell entry. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
30
AUDUSD > The Trend is Shifting Up, Where to Buy!?Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD the momentum now is to the upside as you can see, we have this impulsive move-up after the market was unable to break its resistance level near 0.6500, which now becomes a support level. the market now testing its trendline resistance on the daily time frame, of course, after the way the market reached this level, I am not interested in selling the market here, as we might actually continue to the upside. what I prefer doing is to wait and see if the market pulls back to test its support level and look for a buy entry near support if the market shows a bullish reaction and valid entry with good risk to rewards I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
30
GBPUSD > The Best Place for A Buy Trade!!Analysis of #GBPUSD This is a big week for the financial market as you know we have US mid-term election and ae have a CPI report coming later this week, you can bet the markets will move based on this news. I am starting to think and believe the Dollar is running out of momentum which is something good if the dollar just started to move sideways instead of strong upward momentum. as you can see on my chart the GBPUSD tested its trendline resistance and started moving down, you can wait for a retest and get in a sell entry if you want, my preference action would be if the market moves down to the retest 1.1200 level which is trendline support where I think we will see bullish action and might be a good reason to get in a buy entry Thanks for your continued support!
by TheTradersAvenue
12
EURUSD > A Beautiful Setup for Buy and Sell.Analysis of #EURUSD following up on my EURUSD previous analysis, as you can see I highlighted a few key market levels for buy or sell, and here is why. this first level for a buy entry is the previous structure support level near 0.98500 where I think the market will turn bullish and provide a good reason to get in a buy trade. the second level is a little bit lower 0.9800, also another strong structure support level also trendline support level, where I believe the market will turn bullish and provide a reason to get in a buy trade. lastly, if the market continued higher from here, we can expect the market to test its trendline resistance, and I expect the market to turn bearish and provide a reason to get into sell entry. Thanks for your continued support!
by TheTradersAvenue
24
XAUUSD > What to Expect Next, and How to Trade Gold?Analysis of #GBPCHF The GOLD market is on a strong upside momentum right now, so definitely you don't want to be selling in here without a strong confirmation first. as you can see, the market is now near its trendline resistance zone, also previous structure support which now acting as a resistance zone near the 1680 key market level, could be a good level for a sell if the rules are met. on the other hand, if the market indeed falls down, we might have a very good buy level near 1640, which was a strong resistance now, becomes a support zone also FIB golden ratio 0.618 retracements. Thanks for your continued support!
OANDA:XAUUSD
by TheTradersAvenue
41
EURUSD > The Best Place for A Short Entry!!Analysis of #EURUSD The EURUSD reacted similarly to GBPUSD, going up after the US market open almost 220 pips, in reaction to Friday's NFP news. as you can see on my chart, the EURUSD is still within this wide range of trendline support and trendline support, which I previously posted about, "link below" I still expect this trend to hold on, for that, I will be looking for a sell entry near trendline resistance if the rules for entry are met Thanks for your continued support!
Short
by TheTradersAvenue
26
GBPUSD > Looking for A Sell Near This Zone!!Analysis of #GBPUSD The GBPUSD rallied strongly after Friday's NFP news, as did many other pairs, I don't know if this move will continue, but let's watch and see. as you can see on my chart, we have broken trendline support, not become a trendline resistance. Broken structure support now became structure resistance, near key market level 1.1400. we also have short-term trendline resistance, all coinciding near 1.1400. I will be looking for a reversal pattern near this zone to get ina a sell trade targeting the previous ows Thanks for your continued support!
by TheTradersAvenue
7