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Kingkyle

Gold/XAUUSD: Scalp from Fib golden zoneIDEA: The daily chart shows a clear bearish channel, as well as seen on the 1h time frame. We can also see a bounce and failure to pusher higher than our 0.50 Fib level. At the moment just looking for a quick scalp towards 1915.00 and 1908.00. CONCLUSION: We have 3 areas of confluence and reason for entering our sells here: Bounce off daily bearish channel resistance Another bounce off 1h bearish channel resistance Failure to push above 0.50 Fib level Trade risk/reward ratio: 1:2.10 Always remember to apply proper risk management. The above are only for speculation and educational purposes and should not be construed to be investment advice of any kind.
GShort
by KingKyle_
2000+ pip swing sell on AUDNZDIDEA On our top-down analysis we can see the following about the current price: Weekly: Pair is currently at the resistance of our bearish channel Daily: We have an area of sensitivity at 1.07656 by which we can see high possibility of a triple top 4h: Another bullish channel here showing the current bullish movement to create our third top CONCLUSION The fact that we are at the resistance of our weekly bearish channel is our first confirmation to sell. Also keep in mind we are at another area of high sensitivity at 1.07656 as well as the possible triple top. So having 3 confirmations makes this a high possibility trade. POSSIBLE TRADES Entry: 1.07650 SL: 1.08169 TP 1: 1.07100 TP 2: 1.06650 TP 3: 1.05674 It is possible that price can still go lower, all the way down to our support line of the weekly bearish channel.
Short
by KingKyle_
USDCHF: Crucial area of resistance reached; possible drop.IDEA: As we can see from the chart we have reached a crucial and very sensitive resistance area on our weekly time frame. We also see a very clear ascending triangle which indicates continuation, thus continuation of our previous downtrend. Looking for possible scalps until 0.92700 or even as low as 0.92200 and upon breakout and retest of our support, possible swings until 0.90300 at our 0.618 Fib Retracement level, THE GOLDEN ZONE! TRADE POSSIBILITES Risk/Reward Ratio: 1:2.75 Entry: 0.93600 SL: 0.94700 TP 1: 0.92000 (scalp) TP 2: 0.90600 (swing) Always remember to apply proper risk management. The above are only for speculation and educational purposes and should not be construed to be investment advice of any kind.
Short
by KingKyle_