In case you missed it earlier, an opportunity to buy in now at 2580. Stop loss 2565.
This is currently retracing on Fib levels. Price recently broke a very key trend line. It is also a Head N Shoulders pattern on 60m. Idea for educational purposes is to Short 1.6458 - 1.6468 Stop Loss: 165.05
Gold was strong today Monday up until the London session started when value at its very high price was questioned. I got Short up at about 2588 and I am still in the trade as I see this as a retrace.
It looks like there is more demand for buying the EURO right at this moment! The chart shows a lot of buying during the week of the EURO from order-blocks, which led to a rally in the EURO against the USD and a perfect fib level retracement at 50% level to more buyers. There are double-tops on weekly and monthly charts which could hinder things a little bit,
There will probably be more selling into CHF JPY this coming week due to this head 'n' shoulders pattern on the daily chart. One thing to know is that there was no significant retest of the neckline during the week.
This is a trade idea Short that might work early this next week until the FOMC meeting on Thursday when the Aussie-dollar could in fact breakout to the upside on news of a US interest rate cut. But do you ever get the sense and strange feeling that they have taken measures to now allow the greenback to fall lower as in recent weeks..... 5 Minute Chart:
I know some have written-off Bitcoin at least in 2024. I never did because what you often see on Wall-street when banks and financial institutions have a bad day with their share price, its's the cryptocurrency sector that usually shines. Bitcoin has been helped along in its price by a head 'n' shoulders pattern on the daily chart & in the past couple of days...
Gold price looks to be at a topping area and will come down it's corridor to lower prices. I think much lower prices during NY today. For now, I am Shorting XAUUSA at any price between 2566.50 to 2567. STOP LOSS is quite tight giving good RR. 2574.10 SL This is a Short Trade of Gold XAU USD. * Trading is risky. This is an educational publication only.
It looks overbought to me across all of the intraday timeframes. This is a tight stop loss. Just above the new high. Risk 0.25% Total Capital as its higher risk but potentially big RR Sell XAU GBP 1960 to 1962 SL: 1966.10
I know it reads like a headline in a newspaper trying to sell the Sunday paper, but that is really not me. But I am also not the kind of person who finds keeping a good secret - a secret. We are all here on Tradingview to watch each other's backs in a risk management and learning experience kind of way, in relation to being a consistent and profitable...
It's a short of ETH USD & its a Head N Shoulders pattern where price has already retested. Please stand by for the other chart.
Hello Traders, I see that the Gold-price is currently getting bid up at the moment. Sometimes I wonder when I see this if its to protect the price a bit before it falls off a cliff. But we will see what impact the USDX tries to make. Yesterday we did not see it rally as much, yet the Vix Index did rally. That only aided the Short trade idea that I shared...
A lot of buying demand going into EUR / JPY right now. About to make an explosive move through the neckline (W/Bottoms) on multiple timeframes. Plenty of momentum with this one!
NZD JPY broke out today in Thursday Asian currency trading. But like anything in life......you need to take a breather....before setting up and running again. We feel it has pulled back to a Fib level to attract more buying & with a tiny bit of luck but probably none required.... it will be on the move again.
About 8 hours ago I put out an alert on Bitcoin breaking out in a Head's 'N' Shoulders Pattern. Well now it's SOL's turn and like something out of a trading manual its setup is perfect. I believe it is on the 15m chart & its just about ready to breakout. easy_explosive_trading * Trading is risky. This is for illustration purposes only. But here at...
This one for BTC USD is on the 2,3,4 hour timeframes. Price has retested & is ready to bust to the long-side. Good luck.
NOK JPY bounced off its lows very recently & broke out from its oversold condition. It then made a Fib retracement & demand just got bigger for the long trade on this. Standby below and I will work out a Stop Loss. Longer term trade here.
Gold is retracing up to some Fib levels currently. The chart has the zones if you want to Short Gold. * Trading is risky.