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Zonetrading

Where will Gold Go?Observe the area of previous resistance (and now support) of 1444-1462 . If we break below this , the next zone Gold could trade at the previous zone (1365-1440). Michigan consumer Sentiment is to be released very shortly. If we have a positive reading, the price of Gold will be expected to fall as USD strengthens. If we have a negative reading, the price of Gold will climb as USD weakens. Overall, look for price action to get into the sell position, be careful on jumping the gun too early. Set take profit near the bottom of the previous zone and the stop loss right above the low of the current zone.
FOREXCOM:XAUUSD
by tradetoprofit
EUR/USD Consolidation or Breakout?There's a couple ways to play this setup depending on how price progresses. I've drawn out the zone where price has been stuck in yellow. If we see more rejection at the top of the zone we can look for a consolidation trade and sell back towards the middle and bottom of the zone. If we break up and above our zone then we can look to enter a buy on either the breakout and close or a breakout and retest of the top of the zone. In that scenario I've drawn out some partial profit targets on our way to a previous price structure high I'd aim for. If these scenarios fail to play out I will look to re-evaluate and this setup may become invalidated.
by The808Trader
1
GBPNZD 31/11/2019 Hello Traders! Witaj! We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SmartMoney must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney. CHARTS AGENDA: BITCOIN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES MARKED LINES - PREVIOUS ENTRY POINT BLUE BOX - GAP's COLOR BOXES - FOCUS POINT TO REACT Don't forget to like if it was helpful to you. We appreciate likes and comments. Jesli podobal Ci sie material zostaw like:) Masz pytania - pisz smialo :) Thank you, Dzieki za uwage :) GOD BLESS U ALL!
by Snipers-Academy
DXY Support zone and possible TP area for bullish pull backIn this chart we can see the dollar index finding support at the same area as two previous lows. You may also notice Monday closure perfectly landing on our -0.27 Fibonacci extension, furthering on we spot a daily bullish spinning top Tuesday rejecting the low zone previously mentioned and closing above the fib level! Running from the end of September 2018 we have a trend line, holding price up on multiple occasions. That is until recently, the break of this trend line came in mid June. If price manages to break back through the base of our Fib I would likely be looking for short entries between the 96.75 and 96.85 region. This not only coincides with our trend line but looking left also a decent sized mid range zone.
TVC:DXYShort
by Trading-Ring