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Nakedchartanalysis

My view of US30 obeying price/market pattern showing what might The patterns showing is basically impulse/partial impulse, ranging and breakout with the last kiss confirmation, the last kiss is identified by closing of the breakout on the outside skin/edge of the the resistance or support line/zone/channel touching the most recent highest or lowest touch as the case may be, therefore bouncing away from the zone, youd gather a lot of pips, its us30, lets watch closely DISCLAIMER! The idea is to predict price movement and as such, nothing is guaranteed as you are liable for your actions, trade at will
OANDA:US30USD
by Geezee887
1
XAUUSD IDEA2 main factor price rally up yesterday - ISM Manufacturing PMI The August PMI indicates that US manufacturers are enduring a torrid summer, with the main survey gauge down to its lowest since the depths of the financial crisis in 2009. Output and order book indices are both among the lowest seen for a decade, indicating that manufacturing is likely to have again acted as a significant drag on the economy in the third quarter, dampening GDP growth. “At current levels, the survey indicates that manufacturing production is falling at an annualised rate of approximately 3%. “Deteriorating exports are the key to the downturn, with new orders from foreign markets dropping at the fastest rate since 2009. Many companies blame slower global economic growth for weakened order books, but also point the finger at rising trade war tensions and tariffs. “Hiring has stalled as companies worry about the outlook: optimism about the year ahead is at its lowest since comparable data were first available in 2012. Similarly, price pressures are close to a threeyear low, as crumbling demand has removed firms’ pricing power -tweet frm trump (Trade war)
OANDA:XAUUSDLong
by UnknownUnicorn375943
GBPAUD TRADE IDEA POTENTIAL 200-300 PipsWhat’s Up Forex Community... Been a long time, however #ForexFargo checking back in. Analysis is on #GBPAUD today. Will Be Looking For Long as long as... Holds as Support Zone Wait for Price Action confirmation Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive) Wait for 1hr closure above zone for solid confirmation (conservative) Potential 200-300 Pip Reward Potential Entries would be @ 1.80550-181250 Waiting to see what AUD news does later in terms of creating potential stop hunts and getting better entries at a institutional level if possible. If price doesn’t make it down to my projected area, then I will look to enter this trade as price enters my zone marked as a conservative approach with less risk involved.
by BearishBull617