GOLD next step FALLING - we open SELL TRADEYesterday we talked about the fact that gold will move in two stages. And the first of them - namely, the price rise to the resistance line has just passed.
As you can see on the chart after a strong upside momentum from the support line that happened in August, Gold is in a long downtrend.
The price movement in the thread is caused by two rather strong support and resistance lines. Recently, the price was able to break through the support line, but having dropped to the strong zone - the level and the line - rose again. This gave the price a good impetus for growth, so right now we can see that it approached a strong resistance line and touched it at the point 1867.36.
It is important to note that over the past four months the price was able to break this line only once. And this breakdown occurs during the election period in the USA - that is, this is not a typical situation for the price. Therefore, even now there is no reason to expect that the price will be able to break through this line and break the trend.
Therefore, I expect the price to fall from this resistance line back to the support line around 1801.72, where the support level is.
And this is a good position to open a sell trade.
I will never tire of reminding you of the importance of SL - set it just above the resistance line 1889.62.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Selltrade
EURUSD open the SELL TRADEThe price came to a very strong resistance zone and tried to break it.
First, the resistance level of 1.197 passes in this zone. And at the same point, it is crossed by the resistance line, the first touch of which occurred back in September 2019.
As you can see on the older TF, the price has been constantly hitting this line for the last few months and has never risen above it.
Such a strong resistance zone suggests that the next step in the price will be a fall. And I think this is a great time to open a sell trade.
I will never tire of reminding you of the importance of SL - set it above the resistance zone around 1.230.
In this situation, the price will fall to the nearest support line at 1.187. This will be the proposed TP
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
CHF/JPY: Sell Trade Is Ready For You Don't Miss It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/CAD: Sell Trade Is Available now This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/AUD: 1.85 Is Our Next Celling For This Pair This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/NZD: Free Sell Trade Is Available Right Away Don't Miss It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/AUD: H&S Pattern Supports The Movement To The Downside This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Gold: BOOM +820 Pips From My Last Free Signal Shared With You This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DER30 Short ideaMy first time dealing with indices, but the same kind of markups as what I do with forex. Looking to short this trade for a bit.
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPUSD possible shortLooking at something like this.
I see market participants trading long in this market anticipating a bullish trend as vulnerable and I have analysis that indicates a potential downturn.
Will be monitoring . have 3 different potential orders with stops depending on risk tolerance set up in this analysis but might not trade any of them myself if I deem the situation at that time unfit for trading
EURJPY SELL- ARE YOU READY? - TARGET 118.000PICK OF THE WEEK!
-3RD TREND LINE TOUCH OF WEEKLY DESCENDING TREND LINE
-PRICE REJECTED TO THE UPSIDE BY MONTHLY RESISITANCE
-H4 DOUBLE TOP
-DAILY SHOOTING STAR x2
-WEEKLY SHOOTING STAR
-COUNTER TREND LINE TOUCH LOOK FOR THE PULL BACK
TRADE SAFE BUT DONE BE AFRAID TO SECURE THOSE PIPS!
GBPAUD HERE COME THE BEARS FIRST TARGET 1.83500Good evening from the UK I have decided to capture a snap shot of the weekly time frame. As you can see running in an upward channel we have 3 success full swing highs and the 4th was held at a monthly resistance not allowing another bull run to the upside with buy exhaustion coming into play around the price of 1.88700.
Highlighted is a Double top with last weeks closure as a shooting star showing potential bearish signals to create a new higher swing low. I have some great key levels I will be working towards.
We also have the perfect countertrend line break retest and continuation to the downside.
CADJPY HERE COME THE BEARS 81.500Good evening from the UK as you may have seen on my Instagram story (travis_duncz) I entered short on this pair. CADJPY for the month of March we have been in a downtrend. I have a had a breakout of a trend line with a strong bullish candle on Monday April 1st. However i see this as a false breakout. Many traders would presume the momentum would of continued to the upside. Well April fools! That isn't the case. Monitoring lower timeframes we have had rejections of 83.800 similar to our daily timeframe during the middle of march with multiple doji's and spinning tops. Guys we can also say we have a 'Corrective Double top' read up on this charting pattern also suggests bearish momentum.
Throwing into the mix also is a Daily hanging man. It is 20:00 in the UK so i do have 2 hours for this confirmation. However if the daily candle today closes as a hanging man which has formed at the end of this 48 hour uptrend I have my eyes set on a definite swing low. Now being conservative you would want to wait for perhaps 4H timeframe closures beneath the wick of the daily candle for a certified entry. My purple daily key level of 81.500 being my First target. Now its important to know your pairs. Majors exotics etc. Me knowing this pair I could take all week to hit this target but you need to adapt trading entire to your own technical and psychological comforts