Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line. This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H) We could potentially see price retest previous highs at "1325.00" Entry - "1310.00" Target - "1320 0.00"
This pair is clearly in a long-term downtrend last week we seen a 2 bar setup "Daily" Also we had a bearish pin bar form near to resistance. On the "15min' timeframe we can see price has finally broke out of a minor trend. We could potentially see price move down to previous support at "100.00"
Earlier this chart was posted regarding a bearish setup, resistance was set around "1.3250" This trade was taken due to the break out on higher time frames and a pin bar (1H) Entry: 1.3239 Take Profit: 1.3100
Last week we seen this pair decline following an inside bar pattern, this formed around resistance at "1.3400. We could see price move lower after we broke out of mid term uptrend, yesterday we seen this pair trade near daily lows after the BOE (Bank of England) kept key interest rates flat at 0.25%. some traders maybe trying to get long as this maybe a deep...
With price currently at Support/Resistance "0.7275 - 0.7300' and potentially a bearish pin bar forming 'Daily" we could see price break out of this area creating new lows. To confirm this move i would like to see a retest and relevant price action as a signal to eventually execute a sell order.
Price is currently at an all time high with resistance coming in at "0.9600" We could either see a break of resistance with new higher highs forming or a bearish move down depending on price action, simple.
Price has been holding around resistance, a break of the neckline will potentially see price rise to an upside target of "1.8300" On Friday we seen the completion of a 3 bar formation which indicates bullish strength
Last week we saw this pair test key support on Friday, with price remaining above it, many looked at this area as potentially oversold. This keeps the chances valid to resume the bullish move. with its targets beginning at "1.1300 - 1.1350" But taking into concideration the bearish pin bar "Daily" & "4H" we will need to see a beak bellow "1.1200 to confirm bearish momentum
Last week we saw this pair break through resistance, with this pair looking over sold we can now see that sellers have re-entered the market to push price down, to confirm selling momentum I would like to see a retest of "0.7300" We have to remember that this area could potentially act as support for the bulls.
On Friday we saw a bearish pin bar form at resistance "0.7700" We could potentially see more downside momentum on this pair this week. A break and retest of "0.7500" will confirm further selling pressure.
On Friday we saw "Eur/Usd" fall lower following Thursdays bearish pin bar which was under resistance at 1.1350. I am currently bearish on this pair, if price remains under "1.1350 - 1.1400" we could potential see further bearish momentum.