previously gold made a huge down trend to 2036 are to 2005 area.because of the strength of the dollar had been increasing.So in that case we could expect a more dollar rejection to the upside .Dollar is going up means gold will fall.Not as vice versa but direction are completely opposite . on the other hand gold will rise fro a long term but we have to see the...
Technically, right now price at previous SBR zone, where the zone already tested and not fresh. But it might react for 2nd to go down. However i aspect the down is just for short term as correction. So SELL for Short-Term and BUY for Long-Term is for me perfect in this situation.
This is purely 100% on Technical Analysis view. Right now price on Weekly Resistance Become Support (RBS) area, where it a potential Buy area. The same area also exactly on Daily Rally Base Rally (Demand) area. Additionally, it's fall on H4 Trendline to support the price. This 3 thing are confluence at same place. BUT, bare in mind about Fundamental of USD.
GBPUSD will continue bearish and probabbly will retest SBR zone and then continue drop.
Yesterday's news was unexpected. Why? simply because it shot up after dipping down. As usual, there's a zone or area that forces it up. In this case the 1.236% touched and didn't hesitate to close the day with 800+ pips. As per my previous analysis, now it has closed above the 38% monthly fibo retracement. The daily has also closed above the weekly fibo...
1. Support becomes resistance 2. False breakout at three resistance level 3. Sell opportunities might be happen in false breakout zone
Looking for a Sell on the pullback with the trend.
D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
I just saw this by accident and it looks like a good setup. If you see what I see, this is a low risk trade and generating 2.54R. It also means, all currency pairs with USD as a base currency will be relatively stronger. Here is my trade: Long now at market: $93.28 Stop Loss at $92.64 Take Profit at $94.95 Risk Reward Ratio = 2.54R Disclaimer : The analysis...
Short trade GJ for sell target around 10-30 pips max profit
as you can see gold on daily time frame is going uptrend but in ,4 hours we have to see what is market reaction on sbr will be