Tradingsignal
Choppy Gold ,Short prevailsGold is moving in a choppy trend since the end of last month . a buy signal will be given after the price takes a retracement to 1920 or 1910. Target price is 1930. The market is choppy and there is currently no trend.
On all time frames the price is sideways between 1910-1930.Currently the short trend is stronger and a short position can be taken above 1930 after the retracement starts after a false breakout
CAKE is Ready to Make Another Bullish MoveAfter successfully testing 8.40 region it is gathering strength to make another leg up where it will target 13$ area but before that it have to deal with the 200D EMA which can challenge it further. Currently its in a good buying zone but trade from this point will not lead directly to 13$ it might remain in range for few days.
EUR/CAD SYMMETRICAL TRIANGLEEUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge.
This is worth looking into as well.
A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.
GBP/USD Descending ChannelThe GBP/USD is in a descending channel which could mean bearish trend exhaustion.
Arrows 1, 3, and 4 show a potential bullish run. Moreover, before a long position could be confirmed, the price would have to break out the upper channel (trendline) and probably retest the Arrow 3 support at 1.3090 and use the 200 SMA as support as well.
If any of that did not happen, then the trend might continue inside the channel below the 200-day sma or surge deeper.
Trading Setup
Wait for breakout or a further surge!!!
eurusd low risk intraday I see that there is a tendency to increase prices like what I analyzed yesterday, I see a low risk area with a pretty good entry point, whether it works or not, but I think it's worth a try
I will research this technique further to get a good risk reward and those of you who read this analysis will be living witnesses of my trading technique
Entries on GOLD. When? Make sure to watch the video until the end to find out when would be a good time to open a position on GOLD. I'm also sharing the SL levels that I will potentially use and also where am I expecting for price to go next.
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EURAUD 3:1 short opportunityWith most DXY pairs in retrace mode this week I am more comfortable trading usual pairs like EURAUD for now and we've got a perfect entry here at the support of the channel and the stochastics which have been pretty profitable recently are back in overbought area. Let me know what you think in the comments