AbdallaAmgad

AbdallaAmgad Updated 

We can see the gold metal fakeout the bearish trend and went back under the trendline as sign of strong correction or total change in direction as we might see in the coming weeks But from this moment we can focus on the selling and supply area of 61.8% of the last downside wave will be at 1736.50 we can put our sell limit on that level and from there we might...

AbdallaAmgad

As we saw the British pound weakness against the japanese yen and its exoected for more losses as the sterling pound will continue losing its value against the japanese currency We can watch for the price action at the lowest low of the bullish wave and how the price would react when it touches this area if the 2nd target we've mentioned before

AbdallaAmgad

As we saw before on the Aussie currency we might see the same scenario on the Newzealands dollar as it touched strong levels on the fibonacci and also made a nice and clear price action from it So we can take also a buy order from this prices at 0.68600 with our stoploss with daily candle closure below the lowest low of the bullish wave at 0.68000 Also we can...

AbdallaAmgad

As we can see on the 4H chart a clear broken bearish trend forming a nice bearish flag and then a continuation of the bearish trend . From that prespective we can take a long position from entery of 0.71600 with closing the orders in losses in case of closure of 4H candle below the numbers of 0.71050 And also we can make our first target at our normal 61.8%...

AbdallaAmgad

As we can see the strong bearish momentum will touch strong demand area at the levels of 1721 we can take buy orders with stoploss below 1716 and we can position our take profit orders at 1745 with more than 240 pips profit Use moneymanagement Dont change or edit your stoploss Trade safe

AbdallaAmgad

We can see a nice and clear downside momentum on the crude oil prices and breaking of the bullish trend on the hourly chart Therefore we can take sell position from the prices of 75.5 with protective stoploss above the last highest high at 76.5 with 100pips stoploss And regarding our take profits target the first one will be at 73.40 and from there we can see...

AbdallaAmgad

We might see downside momentum on the Euro against the Newzealand dollar as it finished the correction of the breaking and its done with the retesting From here we can take short swing position with stoploss of daily candle close above the last highst high at 1.69533 and then we can makd our first target profit at 161.8% Fibo with number of 1.64950 from there we...

AbdallaAmgad

We might see some consolidation today on gold between the numbers of 1745 and 1724 We can open buy limit order at 1724 with stoploss at 1719 and target profit of 1746 Also we can open sell limit order from number 1746 with stoploss at 1751 With potential targetprofit of 1724

AbdallaAmgad

We better watch the levels of 1.86900 on the GBPAUD and wait for the price action from that area and then we can take our buy orders with stoploss of 1.85450 also a 4H candle closure above 1.86900 is considered change i direction and our possible target of 1.9000 Use moneymanagement

AbdallaAmgad

We all saw the downside momentum on the gold prices as it broke the last lowest low and rebounded from the bearish trading channel we can wait till the prices go back again to the levels of 1725 and then we can activate our buying positions one more time on the gold . We can use the nunber of 1719-1718 as our fixed stoploss and any candle closure below 1725 we...

AbdallaAmgad

We expect gold to go up from the levels of 1740 to 1751 then we might see 1762 We can take buy order on gold from 1740 with stoploss of 1735 with targetting the levels of 1762 We can put Sell limit order on 1762

AbdallaAmgad Updated 

Time to take long positions on the gold as we all see the trading channel gold is currently trading inside From my point of veiw we will see some consolidation movement before the penteration and breaking of the channel For now we can take our buy orders with stoploss below 1740 the last lowest low We can also put our target profit at the levels of 1765 and then...

AbdallaAmgad

As we saw last week on the GBPJPY we saw very strong bearish movement with strong retracement to the last lowest high Right now we can place Short position with stoploss above the last high if 152.700 And we can target the levels of 150.145 as first target and then we might see the leves of 148.950 as finale potentiel target Notice we must move make the trade at...

AbdallaAmgad Updated 

We can open short positions on gold on the european session with sl above 1763 and targeting with 50 pips and target of 1741 with 170 pips target before the last lowest low

AbdallaAmgad

We see on the daily chart the british sterling pound is under clear bears pressure and broke the support already on the 4H chart So its clear chance to enter a short swing trade with big targets and small stoploss just above the last high with 100pips length and our target profit will be at 1.29000 with 700 pips

AbdallaAmgad

We saw the high volatility before the market closure on the 23rd of september and the prices managed to keep above the 36s level As we can see the upward momentum we can take long position with stoploss at 1736 with 60pips And target profit at 1773 with 200 pips

AbdallaAmgad

We can see on the hourly chart a rebound from the 48s levels We can take buy positin on Gold at 1748 with stoploss below the number of 1742 While targeting profit of 1787 Notice that we have to move the stoploss on the breakeven after moving $5 in the desired direction unless we make sure of the continuation of the bullish momentum

AbdallaAmgad

As we all can see clearly the gold metal made a clear inverted triangle on the daily chart and we expect a strong bullish momentum with high volatility on the long term we have the targets at 1910 at the first resistance and higher target at 1980 Put your stoplosses protection below the last lows