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NZDUSD: Fibonacci + Structure Based Short Trade on Thursday NZDUSD broke below a 4H structure support. the breakout is considered to be confirmed and on Friday the price retested the broken level. Friday's high momentum bearish candle indicates the prevailing bearish sentiment. on Monday the price will most likely keep falling! those who will trade the market opening will have a perfect opportunity to sell the market. in case of the absence of opening gaps, you can short the market on spot. goal - 0.6502 good luck
Short
by VasilyTrader
14
DXY, Gold, Silver and Channels. Wait it out.For those concerned about $GLD $IAU $SLV going up long term, look at this as a multi-day/week event. It will go up, but it likely needs to pull back more first. It's not news/media that's pushing this down, but rather simple mathematical Fibonacci trends and channels that are following through. $DXY (the US dollar) will continue to rise until it either hits the top of its trend line or the edge of the channel. Gold ($XAUUSD) and silver ($XAGUSD) will continue to fall until it does. Sure, there will be micro-ups... but my personal recommendation is to wait until Gold gets to the bottom of the channel, and DXY gets to the top. I'm not a professional or an analyst by any stretch of the imagination. This is just what I see right now.
OANDA:XAUUSDLong
by rmajoran
EURUSD: Consolidation & Complete Indecision EURUSD is currently stuck within a wide horizontal trading range. because the trend is still bullish, we keep being bullish biased and expect a bullish continuation. however, it is very risky to buy the market from current prices. to catch the next bullish wave I would suggest waiting for a bullish breakout of the resistance of the range on 8h. then we can initiate a long trade on retest. goal will be 1.20 sometimes consolidation is the first reversal sign, for that reason, we should also consider a bearish scenario. to catch a bearish wave, wait for a bearish breakout of the range on 8h. goal will be 1.16 good luck!
Long
by VasilyTrader
12