FX:EURUSD I generally avoid trading when the pair is weak. However, if the price drops below 1.05182 and then rises back above the weekly open, I might take a trade aiming for the midrange. This is similar to what happened before. If the chart is clear, there’s no need to overcomplicate things. Treat it like a range and trade in both directions until the market...
The OANDA:NZDUSD NZD/USD pair is currently going down, so it's best not to trade against this trend. There are two possible situations to watch for: Scenario 1 : Wait for the price to rise above 0.589, then fall back below it. This shows that stop losses have been triggered, and it’s a good point to sell towards the next level at 0.58649. Scenario 2 : If...
FX:EURUSD – I’m currently bearish on this pair. If the price pushes above the midrange, triggering stop losses, and then falls back below it, I’ll be looking to sell, keeping my stop loss tight. The chart is clear, but feel free to ask any questions if you need further details. Stay tuned for more updates and follow me for the latest moves!
OANDA:USDCAD is currently in a bullish trend. For it to continue moving higher, it must hold the Monday low, which will create a swing failure. Once it starts holding this level as support, I’ll be looking to buy where the arrow is marked. That arrow is my go-to signal to enter the trade. If the price breaks below the Monday low, I’ll close the position...
**New Trade Alert: Monday High & Yearly Open Resistance** Hey guys, I'm typing this out quickly to keep you in the loop. Here's another trade opportunity for you: The Monday high and the yearly open are currently acting as resistance. You know the drill—keep an eye on the market, and I'll continue to keep you updated as things unfold. Stay tuned!
Hey Guys, here's the latest update on XAUUSD. We've had a solid run with gold recently, although we faced a small loss yesterday. Don't worry, though—there are plenty of opportunities coming up! Update : XAUUSD has broken through the channel and is currently testing the resistance level. Trend : In the short term, the bearish momentum is weak. However, the...
USD is in bullish , which means all other weak currencies should be bearish. As you can see in the chart of FX:USDJPY weekly open is holding as a support. once it breaks this support and holds it as a resistance, I will short it with this confirmation, and put stop loss at previous candle high. And tp would be current year mid. I will keep you updated with...
I've entered a Gold OANDA:XAUUSD trade based on the fact that the price is currently above the weekly open at 2572. While the US Dollar is strong at the moment, I believe Gold needs to retest the quarterly open at a minimum. The stop loss is clearly set, and I see potential for the price to move towards the quarterly open. Once we reach that level, we’ll...
As mentioned yesterday, the Dollar remains bullish, and I currently have a profitable gold (XAUUSD) trade running with a tight stop loss in place. For this new setup, I've entered a short position on the 1-hour chart. If the analysis plays out as expected, we could be looking at a potential 3R trade. I'll continue to post updates as the trade progresses. Feel...