S I L V E R - Trade Idea.
Precious metals overall have a lot of catching up to do compare to other commodities such as: Lumber, Copper and many others the list is endless. We saw this a yr a go coming due to Bloomberg commodity index, inflationary aspects was going to rise further. We've had good returns overall in commodities area, but isn't it time we pay...
Happy Monday!
Thanks for the recent likes and follows I am receiving it's much appreciated. If you have any other currency pairs you're interested in comment or private message me - I will be sure to go over it for you.
Why am analysing the dollar index?
I find DXY a very important pair to analyse, I don't personally trade the DXY often. I compare DXY with US...
Technical View of NZDCAD:
NZDCAD - 1 HR
Pattern: H&S - longer term developing, Wedge - short term
Support: 0.89615, 0.89475, 0.89370, 0.89155, 0.88685
Resistance: 0.89940, 0.90105, 0.90175
How to trade this idea:
Once out of short term wedge, you could trade the pull back and trade it to next support area or resistance - to whatever direction it goes...
XAUUSD GOLD - Where to next?
We been in bullish channel for a while a break down below Red line which you could even see as a trend-line could mean perhaps a shift of direction. However, if we stay above that key support area, the bullish continuation could still occur to the next Fib Retracement area. Remember fundamentally we have Feds meeting this week.
At...
Happy Weekend! However, the grind never stops.
This is a good R/R trade, depends on how you trade the idea and your plan but it is best you stick to your trade plan.
Technical view: AUDJPY - Daily
Support: 82.955, 82.405, 82.110, 81.200
Resistance: 84.180, 84.444, 84.865, 85.415
Pattern: Wedge - Double top
How to trade this idea:
For further confirmation...
EURUSD - 1HR
Support: 1.19925, 1.19645, 1.19460, 1.19225
Resistance: 1.20725, 1.21005, 1.21350, 1.21420
Pattern: Wedge
How to trade this idea: Once it breaks key support or resistance areas and re-test the area of support/ resistance for confirmation then take the trade to the trend that is taking place.
Key tip: Trade what you see, not what you think. Try...
