Sellsignal
SELL: XAUUSD - Closure below the support/downward trendWe have entered a Sell on GOLD/XAUUSD.
Following our earlier analysis, we waited for a closure below the range, and entered a SELL
All timeframes are also Bearish. They are in a downtrend and keep breaking lows and supports, making the resistance lower each time
We will wait for at least 20+ pips before we will close part of our position, then SL to BE and will let the rest run.
Good Luck!
Sell Limit EURGBP
Waiting for another candle to reach my sell limit level for a nice sell following up the downtrend in the daily chart. 3 Green candles with bears pushing the price down and they all close near the open price of the candles. I expect the bears to jump in the market in the next week for EUR/GBP.
Risk management: 1%
Risk to Reward: +2.25
Breakdown the support | Short BiasDaily Chart
BINANCE:RNDRUSDT has broken down the support and now it's retesting to drop again.
Render Token has the support at lower line of ascending channel.
So wait for rejecting and short
EURAUD Trade Setup This is a fakeout as indicated by the bearish harami candlestick pattern on the 1.68211 horizontal resistance level; there's even a confirmation of the downward trend 📉 by the next candle 🕯️.
A market entry around the 1.67435 price level, a sufficient stop loss (stops shouldn't be too tight so that you don't get stopped out of the trade only for the market to later retrace and hit your target price) and take profit such that you have a reward-to-risk ratio of 3 or higher should be apt.
Don't forget to apply appropriate risk allocation by trading the right position size (lots) and risking not more than 1%/2% of your current account balance on a single trade.
VGXUSDTVGXUSDT has broken very important support zone and currently retesting that support. As the price is under 50 EMA pressure it seems like after successful retest of broken structure price may head even lower.