SHORT XAU/USDGeetings fellow gold traders!
This is what i came across when i was analysing XAU and reasons why im im towards a short
1)its a downtrend as shown
2)it has a strong RESISTANCE LINE around 1890
3)im expecting it to go up to E then drop and take TP1 and TP2
do feel free to correct me,im not that perfect
Techinicaltrader
One of the best IT stock - Potential to give 20% returnPlease refer chart for detailed explanation on technical analysis.
Find buying opportunity at/near support zone - Price mentioned on chart.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
NZDCHF (LONG) 🔥🔥🔥THREE RISING VALLEY FORMATION.
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[MM's daily technical Analysis] 09.22.2021 SHORT NZDCHF We have seen a relatively strong momentum to go short after multiple time testing area around 0.6560.
Following the candlestick pattern we believe the long red bar on the 21st which crossed the 20day EMA may indicate a beginning of a downward movement.
My own trading system Clam also indicate to go short so a trading idea has now been established to go short on NZDCHF.
ideal OP: 0.64860 SL:0.65840 TP: 0.62400
GBPUSD NEXT SESSION IDEAS YOOOO If you saw my other idea that i posted, i explained why i disappeared last week, but basically ive been dealing with alot of stuff. But now i can safely say that im back!! But lets hop right into the idea shall we,
In this instance of GBPUSD, we can see that the local trend for the pair is downward while the overall trend is upwards. I can see a way that price can travel either direction but the fact that i know that EUR/USD and this pair respectively are correlated to medium degree. That being said, my idea on EUR/USD is more biased to a short position simply because price was breaking down from that high we formed. So thats gonna lead me to believe that this pair is going to continue its push downwards since we are already in that local downtrend.
Of course ill be waiting for price to break down to the low i have marked before maing a move but if we can see some strong moves from the sellers then we can be comfortable in shorting the pair. If we see rejection at the support, we can ride price back to the local high on the 1H chart and wait for a break of the resistance.
If we want to long the pair, we are going to have to wait for price to break the level with strength and possible pull back to retest.
Its all a waiting game, remember to trade safe, trade patient and trade with a purpose.
Thanks fo tuning in and follow me for more ideas daily! Im only getting better as we speak and you guys can be a part of the process with me.
GBPUSD NY SESSION PLANS (NEUTRAL)Yeppp, another neutral, simply because this session in the morning was very undecided. Strong push up in the early morning, followed by a strong drop that lasted till maybe 3pm (ET)...
That all being said, im more expectant of a short simply because the commanding trend on the 1H is downward (the dark red arrow) If a short were to form, we must wait for a break and a retest at the marked lower level. In somehow the buyers overpower the sellers, we will see a strong shoot up, maybe until we hit the top and have a bit of rejection.
If going long i need to see a confirmation within the candlesticks (hammer, engulfing... ect) as well a s a break and a rest, simply because we have been selling so strongly the last few days.
All this analysis being said, i hope you guys find my set ups useful, im working day by day to become the best trader i can be, and i appreciate all the likes and follows. Trade safe Snipers.