BKGTrader35

BKGTrader35

Current Market Trends: Gold has been experiencing significant upward momentum, reaching record highs. This reflects the confluence of the factors mentioned above.   Market volatility remains high, with gold prices subject to rapid fluctuations in response to news and economic data.   Technical analysis shows that gold has broken through many previous resistance...

BKGTrader35

Trading Idea : USDCAD Intraday Long This trade is based on a confluence of technical indicators suggesting a potential upward move in USDCAD on an 1hr timeframe. Rationale: The pair experienced a breakout above the 1.44 level, indicating strong bullish momentum. Following the breakout, the price has retraced, pulling back to the 50% and 61.8% Fibonacci...

BKGTrader35

Trading Idea: GBPJPY Long Rationale: You've identified a potential long (buy) opportunity based on the 50% Fibonacci retracement level on the 4-hour (4H) time frame. This indicates a possible pullback within an uptrend, with the 50% level acting as support. Entry: Enter the trade at 192.892. Stop Loss (SL): Place your stop loss at 192.302. This limits your...

BKGTrader35

Trade Rationale: This short trade on NZDUSD is based on a confluence of bearish technical signals, suggesting a potential downward move. Divergence RSI on Lower Timeframes: This indicates a weakening of upward momentum. While price may have been making higher highs, the Relative Strength Index (RSI) was not confirming this, signaling a potential reversal.  ...

BKGTrader35

Okay, let's refine your NZDUSD short trading idea for clarity and detail. Concise Description: "NZDUSD immediate short trade: 20-pip risk, 30-pip reward. Based on 1-hour higher tail rejections, third touch of a descending trendline, and established downtrend momentum." Detailed Description: Trade Setup: NZDUSD immediate short position. Risk: 20 pips. Reward: 30...

BKGTrader35

Concise Description: "GBPUSD short trade setup based on a fresh order block rejection, Fibonacci golden zone retracement, and bearish RSI divergence." Trade Setup: GBPUSD short position. Analysis: Order Block: "Price has reacted to a 'fresh' bearish order block. This indicates a recent area of significant institutional selling pressure, suggesting potential for...

BKGTrader35

Detailed Description: "Trade Setup: EURUSD short position. Analysis: Order Block: Price has approached and rejected a significant bearish order block, indicating potential institutional selling pressure. Fibonacci Retracement: The price action aligns with a key Fibonacci retracement level, suggesting a likely reversal or continuation of the downtrend. RSI...

BKGTrader35

Greetings Good morning guys ! here is my trade idea dfor us dollar / japenese yen

BKGTrader35

Greeting guys , from what my analysis , GBP continue go upwawrds till the other 150% of fibo level . lets rocks

BKGTrader35

Sharp and Clear FiBo Level , UpTrend has yet to ends , DXY stays 50% of Fibo ！

BKGTrader35

"My analysis of DXY and XAUUSD is based on a combination of technical and fundamental factors, and here are my conclusions."

BKGTrader35

Here's Analysis about Gold for the up coming weeks. Resistant Level is way too strong , and DXY has broke the support level. Ready to Take Off !

BKGTrader35

My Point of view, Beware of the uptrend line , DXY Reached golden fibonacci zone, All pairs reach the rejection level. GBPUSD, EURUSD.

BKGTrader35

The EURCAD (Euro/Canadian Dollar) is another interesting currency pair. Here's a idea of factors to consider for a potential buy limit order

BKGTrader35

Trend: Identify the overall trend on higher timeframes (daily, weekly). Is it uptrending.

BKGTrader35

Pound surges on strong economic data. GBP rallies after positive inflation report. Sterling strengthens against major currencies. Pound breaks resistance level, bullish momentum. GBP outperforms expectations, driven by investor confidence.

BKGTrader35

usdjpy setup , from watching the fibo level , there's another fibo level above , so i rather to put my stoploss higher , to capture both of the fibo allowances . cheers !

BKGTrader35

gbp is bullish , but i rather to believe on what i see from the chart. here is idea , 50 of fib level and down trend line.