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Weeklyprep

Seeing a huge drop coming for GOLD this weekGOLD may retest 2318 area and complete an inverted head and shoulders, and then head up to resistance level which lines up perfectly on trendline resistance AND lines up perfectly at the 61.8% Fibonacci level, this is a very interesting level for these 3 lining up this trendline has been valid for months and very strong trendline resistance that has been tested multiple times. I suspect GOLD will plummet down to 2300-2280 by the end of this week, probably during London session as from my personal experience I have seen this happen multiple times and have taken this opportunity to profit off this pattern moreover the DXY has been making impulses to the upside and healthy retracements to continue with another impulse this week if the trend continues, keeping on eye on news to support this bias and watching these levels on particular the 2340-2350 area
OANDA:XAUUSDShort
by halabirobin
1
GBP/USD and a POSSIBLE BUY#PreparationHey tradomaniacs, looking at GBP/USD I can see a possible long-scenario in order to continue the trend. Technicals: The previous fakeout by DXY caused a sell-off in GBP/USD which has resulted in a fakeout and close above the key-support,trendline and 61,8% Retracement-Level. GBP/USD recently broke out of its consolidation and has now retested the area of possible bullish confluence. It is likely to see another UP-WAVE which would be the third and so extended wave to trade (Very attractive to trade). Fundamentals: The previous NFP-Data were overall bearish for DXY as the positive Figures were a confirmation for the current low monetary policy of the FED. The market will probably price in more liquidity for the market and so more inflation in the USA which will probably boost EUR as it has a weight of 57,5% in the US-DOLLAR-BASKET. The only concern I have is a previous post from London saying that the economy does not recover as good as expected and that a further easing is likely to happen. This is a dovish sign for the POUND and could so may give us a nice chance to buy EUR/GBP as I expect a better performance by EURO against DXY. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
GBP/USD and potential SELLHey tradomaniacs, GBP/USD is is still in a downtrend and shows weakness the closer we get to the key-resistance-levels. After the end of the previous correction and pump of POUND vs USD we might see another rally to the downside as soon as the previous high gets confirmed as a lower high. More bearish confluence could force buyers to give up in order to secure their profits with the next momentum to the downside. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
AUD/USD could DROP very HARDHey tradomaniacs, AUD/USD is currently fighting at very crucial price-areas. Overall I expect it is all up to the CORONA topic which is currently heating up again. A dropping stock-market would confirm this IDEA and setup. Technically we see a double-top-pattern and an impulsiv-wave which is ending -> Next cycle should be a correction. Wait for the break below the trendline before you sell as market is still respecting it. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
4
USD/JPY: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that USD/JPY is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
EUR/USD: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that EUR/USD is currently right at a significant level. If the Key-Resistance-Zone can`t hold and price breaks through trendline we could get a potential BUY-SIGNAL! If the market rejects of the Key-Resistance and Trendline we could get a potential SELL-SIGNAL! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
NZD/CHF: Your OPPORTUNITIES for the WEEK Hey tradomaniacs, this is just meant to be a weekly preparation and shows that NZD/CHF is currently right at a significant level. If the Key-Support-Zone (CHECK WEEKLY CHART) holds and price stays inside the FLAG-PATTERN we could get a potential BUY-SIGNAL! If the Key-Support-Zone can`t hold and price breaks out of the FLAG we could get a potential trendfollowing breakout and a SELL-SIGNAL! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
2
NZD/USD: Your OPPORTUNITIES for the WEEKHey tradomaniacs, this is just meant to be a weekly preparation and shows that nZD/USD is currently right at a significant level. A support above the trendline would confirme the breakout and could be a potential BUY-SIGNAL! A break below the trendline and out of the rising-wedge would be a potential SELL-SIGNAL! Hope this will help you to get prepared for the next week. :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez