Few things can happen for GoldGood drop because of tight election night so here is the way gold can do;
It need to break Resistance 2,663 | 2,685 & 2,700.
If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone.
If you are in the buy now please be very careful and cautious cuz the resistance are very tight.
2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine.
Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much.
SL : 2,660.70 or 2,659.75
I known its close but it can spike pretty quickly before you know it.
So please use proper risk management
Lets make this money
Shortbuy
GBPUSDHello eveyone,
I found 2 setup in GBPUSD today morning.
one was sell @1.2550 where yout TP was 1.2521
other was buy setup in same pair
buying from price level of 1.2515 where you sl was 1.2505 and tp was 1.2550
i missed the selling oppotunity but i took the but trade
AS there was GBP news today we were expcting volatily but we got it off trading hrs.
Bottom found for bitcoin Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky;
Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin Wisely, choice hard to sell the high and buy new entry with big money until bitcoin hits the bottom.
Russia and China teamed up in Ukraine even Belarus just made a nuclear threat.. World War 3 will start soon and big feeling Putin will start it off using nuclear weapons.
Wonder what will happens next it is coming closer than we think will be.
Now the news out of the way ..
bitcoin is near at the resistance if it breaks out it will not go fully as we speak because the Feds still needs to finish the job to bring the inflation down. Bitcoin has to hit 30-35K in order to complete the correction and will expect Zig-Zag bearish structure and sideways consolidation; * HINT,HINT* bitcoin will forcefully collapse to drop down into a recession. Bitcoin bull run won’t start until 2024 and until also Feds finish the job.
Bitcoin halving takes place in 2024 of April.
Short buys and sells will still on a go ; trade safe and economy isn’t really in a good shape.
Short buy before big dropIn order bitcoin to drop more .. has to retrace from the short. Should expect a double top to 18K zone or respect the strong bear volume to drop from 17K area.
Let’s see what happens and I kept seeing to see if we are bottom as matter of fact I don’t think we are bottom yet because the supper from 15K zone isn’t enough support.
I see still 12-10K as a bottom perhaps even lower that has a stronger bottom..
BoFA and other banks confirmed recession is coming in the beginning Q1 in 2023… soo we won’t see bitcoin bottom anytime soon.
Anyways this is a short buy then a big sell off after the short buy. Trade safe y’all
EURAUD Buy Retrace northGood short trade for buys. EURAUD has been dropping despite being oversold with no strong retrace on the larger time frame yet. I am trading this one buys only but short profit ranges.
Look to enter at current price of 1.5880
TP @ 1.5950-1.6000
Short SL under last low of 1.5830
Always remember risk management and splitting up your lot sizes to maximize profit and reduce risk.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
SHORT BUY Psychological 1.2400 region , which is monthly resistance as well , still holding pretty good and still not broken , due to the weekly News release USD gained some momentum but now is on the track to reverse to the 1.2330 zone which is a strong demand zone , from the 1.2330 zone it will either rocket above to 1.2400 or pull back to 1.2300 , so best possibility for Monday and Tuesday is the SHORT BUY position which is backed by Monday's bearish EUR releases