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EURUSD LONG Another perfect entry on EURUSD in the NY session for 17th of may. DXY is still weak and continues its descent this Monday starting in the London open with the EURUSD continuing its upwards trend. In the NY session after a healthy correction to the 78.60% fib level (1.21350 psychological level), the EURUSD should continue its way up to 1.21700 level and to eventually surpass it. Seeing all this, I took a long entry from the 1.21350 level. Let's see how this trade pans out. What is your idea regarding this trade? Please comment in the comment section below. THANK YOU FOR READING THIS. THIS IS ONLY A TRADE IDEA. THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. ALWAYS USE GOOD RISK MANAGEMENT AND STOP LOSS. PLEASE LIKE AND FOLLOW MY CHANNEL IF YOU FIND THIS IDEA USEFUL AND TO DISCOVER MORE PROFITABLE TRADING IDEAS.
Long
by MissC_FX
USDCAD reversal of trend (LONG)Here we can see a double bottom pattern with wick rejections which is showing that there could be a reversal in trend. The USD is seeming to have dropped since BIden has come into power we have seen a drop in the dollar but i have a strong feeling that we will see a strong upside push. The double bottom occurred on both the hour 4 and hour 1 charts. Start of the week we should see the decider if it will push up but will be a nice couple of days hold unless very large candles come at the start of the week. Small stop loss, make sure to use the correct risk management if entering this trade and possibly waiting for more upside movement.
Long
by adammilner
1
Gold Price Analysis after Trump contracts coronavirus The world is in shock after President Donald Trump tweeted that he tested positive for coronavirus. Stocks markets fell, and gold finally broke free of the correlation with equities and advanced above $1,900. The bombshell development continues grabbing the headlines and casts questions about fiscal stimulus, the elections, and other topics. As investors continue watching the latest developments, how is the precious metal positioned? Looking up, gold faces its first noteworthy cluster of resistance at $1,910, which is the meeting point of the Bollinger Band 4h-Upper, the previous daily high, the BB 15min-Upper, and other lines. The upside target is $1,928, which is the confluence of the Pivot Point one-day Resistance 2 and the PP one-week R1.
TVC:GOLD
by Ridethemacro
2