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Short on $Gold: High Time, Low Risk, Big RewardWell, here we are again with gold! Sorry, folks, but the gold chart keeps popping up on my screen, and it’s just too tempting to ignore. So, I figured, why not share my insights? As a trader, it’s important to keep those technical analysis skills sharp, so here we go—I’m eyeing a short position from this point. The resistance isn’t the strongest, but it’s holding up well enough that it could push the price back down to the base. The risk-reward ratio is too sweet to pass up right now. Volume is low, so we might see some consolidation before any big moves. If you like these ideas, don’t be afraid to click that 🚀! Note: These insights are based purely on technical analysis.
OANDA:XAUUSDShort
by SaadFiaz
AUSSIE DOLLAR FOR A SHORT? AUDUSDFOREXCOM:AUDUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top. Price is also at a support zone and we can see a break in support Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764 (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT ) With this 200 pips can be caught. Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position Entries will be initiated using one hour or four hour timeframe. (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Short
by Kelachi
EURNZD / H1 / Daily Forex Technical Analysis / 10.10.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is October 10th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. Looking at the 1 hour time frame, we are looking for price action to pullback into it's previous area of resistance at the 1.74 area. If price action can pull back into this resistance region and reject it we will be looking for an entry short. Looking for an entry Short near the 1.74768 area. With a stop loss at the 1.74988 region, with a target profit level area of 1.74125 to possibly ensure a 2.9 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
GBPAUD - SWING TRADE *Short entry*GBPAUD has rejected the 1.87 key resistance zone multiple times on the 4hr and daily timeframe. I am now looking to enter a simple short entry for a swing trade down to 1.72500. There is a 4hr trendline that is in the way first so when price approaches this I will move my stop loss to breakeven to remove exposure. If that trendline breaks then I will assume the trend has reversed and will add short positions on the 4hr lower highs.
Short
by UnknownUnicorn772665
1
REMAIN NEUTRAL-BEARISH ON GOLDGold price continues to fluctuate around 1229.32 level, showing sideways and tight trading, noting that the EMA200 forms negative pressure against the intraday trading to keep our bearish trend expectations valid, waiting to head towards 1200-1210$ area mainly. Therefore, i will continue to suggest the bearish trend in the upcoming sessions, reminding you that breaching 1229.32 followed by 1236.90 levels will lead the price to start recovery attempts that target testing the most important resistance to the short term trading at 1254$ level. TECHNICAL OBSERVATIONS Expected trading range for the week is between 1208.00 support and 1236.90 resistance. As we can see at the chart at 1237-1241$ area we have a lot of resistance because of the trend line,the EMA200,the 61.8% Fib level and previous price actions determine this level crucial. As we can also notice we found support at the previous descending channel top trend line and 50% Fib level at 1217$ level and bounce back up. Also at the MACD stategy below we can see we failed to make new highs but we did lower lows that is a bearish sign. I remain neutral-bearish until gold validates the current level mentioned meaining 1237-1241$ level to surpass these supports and climb previous ascending channel. Currently we are in no mans land and there is no high-probality trade. But a possible trade IF PRICE REJECT AND CLOSES BELOW THOSE LEVELS IS: SHORT WITH 2,33 P/L RATIO: TARGET at 1200-1210$ BUY STOP AT 1245$ THANK YOU FOR SUPPORT HAPPY TRADING GUYS!
FX:XAUUSD
by The_Greek_Trader