Dollar is became weak from Friday and Monday morning, but expected to go show short in a long run.
GBP is bullish since market open but it is expected to push down in long run
CAD it is quite bullish but expected to push down in a long run
I made a purchase on this on Thursday after the market has closed, entry reason was engulfing candle straight at the previous level of resistance which it's now support HERE IS WHAT I THINK Both Thursday and Friday candles showed a very strong rejection to the downside and that gives me confident that my trade will turn out perfectly fine When to consider...
I purchased USD on Thursday right after the market closed Here is what i think Weekly showed a very strong support using FIB Daily closed showing a rejection since the there is a very strong resistance 4H confirms a rejection using trend-line so i would suggest to wait for a break out on a daily chart ;) then from there we look for long positions. i will update...
Market hasn't yet revealed it's direction since there are many possible situations. so i was planning since the market managed to break daily trend, to wait for upcoming news for Pound and i will update after then.
Engulfing candle which i have been waiting for just showed up and that confirms a buy
I JUST MADE A SHORT WHAT DO YOU THINK?
This is only based on technical analysis only different views regarding fundamental analysis are welcome
MY ANALYSIS BASED ON GOLD IS THAT DOLLAR WILL BE GAINING STRENGTH PRETTY SOON AND AS A RESULT OF THAT IT'S A SHORTING OPPORTUNITY