XAUEUR trade ideas
Sell xauusd Three drivers pattern has form, sell at retracement, long term trade, small lot can yield nice profit in time
GOLD (XAUEUR) Breaking the high >95%Experimental Probability of breaking today's high (28/07/2020) is > 94%
Discount zones highlighted on the chart to break the high
Note: If price broke the high then discount zones are invalid
Break Of Key Level XAUEUR, we have a bearish hidden divergence formation, and also a break of a structure and a clear rejection of the TL, it’s a 500 Pips move, catch it if you can, FYI that’s a daily chart, go lower the catch a good entry.
I will wait for the daily candle to close for more confirmations.
XAUEUR sellsTechnicals:
H4 bearish gartley
H4 head and shoulders pattern
Possible downside breakout to uptrend
This trade offers a decent 1:6 RR
Pointers against this trade
- XAUEUR is on a D1 uptrend, bulls may push prices higher
- A global risk off may lead to buying of gold which may drive XAUEUR prices up
- With these 2 factors in mind, this is not the most perfect set-up - I would advise halving your risk if your are entering this trade
XAUEUR SHORTXAUEUR Short is beginning to play out and will continue to create great entries for trading. Enter on 4HR candles only.
xaueurnever traded this pair before, however looking at it its a little less volatile than gold usd. Using fib ill be looking for a potential sell on this one.
Waiting for the 21 ema and lips of the alligator to form a crest before returning to the downside.
XAUEUR SHORTThere is a nice short opportunity for XAUEUR.
All confirmations were suggested and the second shoulder was created. Please use proper risk and wait for the re-entry if you want a safer trade.
4HR Entries only.
XAUEUR (Die with memories, not dreams.)XAUEUR
This pair had been rising tightly and it had reached the strong resistant region of $1,581.
It may do minor pullback first.
If you wanna long, wait and look out for favorable PA near $1,540 or 1$,520 regions.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
'Position Sizing' for beginners - XAUEURIn this example I'm gonna show you how important is the entry point.
With same levels for stop-loss and take profit, one position will give you the opportunity to earn 3 times more than the other.
It doesn't mather if the position is a loss or a win, I just want to visualy show you the importance of the entry.
XAUEUR PredictionAs we've seen XAUEUR breakout the 1530 zone to the downside before breaking it again back the the upside showing us that the seller do not have enough strength. Currently the pair is in a ascending channel and I looks like it still gonna move further to the upside towards €1630. Right now is also a good opportunity to go long.
Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
