Get started

Interday

XAUUSD Shorts (Daily)Waiting for a retracement to retest the wedge and then continue breaking downwards. I don't see price making a big bounce to the upside because I think the deal has been sealed for gold to the demand (support zone) - and then we may see a reaction with gold longs. Before we can have the shorts, I think it's very reasonable to expect a modest/smallish bullish retracement (daily chart wise) and then a continued dump by what a very dominant $$$. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
OANDA:XAUUSDShort
by nick2497
US30 WEEKLY LongBreaking through a key area of 35k, which has already been achieved on the daily clearly. We are bouncing off the bottom bollinger band in ascending band channel and NO bearish divergence. The small pullback bounced off of the lower boll band, with an upward channel. Given the volume of US30 and the strength of candlesticks, I think we can break through easily and target 36K+ onwards. From there you will have to take incremental profit. First stop is 36k and onwards can be trailed or decided by you. If one was to trade this, i'd recommend placing most of the risk (use no more than 2% risk) on 1:1 RR and leave the rest of this position on trail stop loss etc. TRADING IDEA --- NOT A TRADING OPPORTUNITY --- TRADE AT YOUR OWN RISK!
ULong
by nick2497