Smartmoney
GOLD: Will Start Growing! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the upward direction.
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AUD-USD Local Short! Sell!
Hello,Traders!
AUD-USD has hit a
Horizontal resistance level
Of 0.6800 and a bearish
Pullback is already happening
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
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DXY Local Rebound Ahead! Buy!
Hello,Traders!
DXY was falling sharply
And was locally oversold
So now that it is already
Making a bullish rebound
From the horizontal support
Of 100.520 a further
Bullish correction is
To be expected
Buy!
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XAGUSD - SWING SHORT idea Price made a false breakout of the previous week high with a strong bearish reaction. Also, the start of the new week will probably be manipulation with distribution lower.
A great sign of weakness is when the new week candle open, makes a false run on one side with a a sweep of liquidity (many traders are trapped), and then distributes on the true side.
EURUSD: Short Trade Explained
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.1163
Stop Loss - 1.1224
Take Profit - 1.1040
Our Risk - 1%
Start protection of your profits from lower levels
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AUDNZD - Swing LongPrice swept the previous week low and the low of August 13th during the new week open, so that is why I would expect to see weekly manipulation with the next distribution higher.
Also, we MACD divergence during false breakout, great sign of bear weakness.
I would recommend to risk not more than 1%, because in the end of the day we are playing with probabilities.