Sideway
EURUSD is currently side way in a triangle rangeSafe trading everyone !
EURUSD is currently side way in a triangle range, as DXY is now side way in a triangle range too. We should stay out of trading when the price still stuck in the range between 1.12128 and 1.116, and wait until price breakout to decide a direction.
There are 2 resistance and support level to keep an eye on:
- If price breaks through resistance 1.12176 -> looking for long opportunity
- If price breaks below support 1.1170 -> looking for short opportunity
XAUUSD is currently side way, wait for a big catchLike DXY and EURUSD, XAUUSD is currently in a triangle side way range. Should stay out of gold now and wait for a strong breakout indicating the next move of gold.
There are 2 direction:
- If gold break above resistance level - previous Lower High (level 1290) then looking for long opportunity
- If gold break below resistance level - previous Lower Low (level 1266) then looking for short opportunity
Right now, the advise is staying out and wait for the big catch
GBPUSD-Weekly Market Analysis-Nov18,Wk5Still waiting for a retest at the blue zone for a buying opportunity.
The entire setup is a sideway consolidation, though, it has a stronger push to the downside, I will engage this trade should it retest as a counter-trend trade.
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AUDJPY zone to play - rangesFrom bigpicture, We estimate this product : Range - high stability of force
Major resistance - supply zone 87 - 90
Major support - 76-80
We like to play short in supply zone, long around major support zone, by wait to see price action-pullback signal in zone
For short term trading,
Use support + offset as SL (in case of long)
Use resistance + offset as SL (in case of short)
For Long term trading,
Use ATH / ATL as your SL with low leverage setup
EURGBP trend analysisThis post (comment) is for educational purposes only. Past trading results
DO NOT guarantee future performance.
Hi everyone i was doing analysis for EUR/GBP currency pair, now i see somekind of consolidation of this pair, the market is in balance. If the balance is going to be broken, we can have a continuation bearish trend.
BTC in Ranging Market 8400-10150Action : Sideway Trade (Bias Long)
Prediction for coming few days BTC will move side way in range 8400-10150.
For today movement something like stay at middle of the range. For whole morning, it is bull day. Until now there is no sign of bull get weaken yet.To prove it is bull weaken , at least something like lower high in lower time frame like M5 .
Direction : Ranging bias Bull until it form a lower high in lower time frame and turn bear.
Resistance level might be 9700 / 10000.
Wait for signal long until that resistance level
or
Wait to short when bull is weaken.