OANDA:XAGUSD
For Silver to hit it all time low and linger for a period of time before shoot up and went back to test that level again. Addition to that, China is still not open their border yet, and the war between the polar bear and the old continent is about to go to the end as the winter is coming, when the war is ended, they will resume the productivities...
The 1H chart show that the price already linger around the resistance for a quite of time, and the weekly chart show the indicate for rising
The addition news about how China and Asian react to COVID 19 also add some fuel to the fire, with the China new year holidays come near and this country still hadn't open the border yet, there is the high chance that most of...
As what indicate on 1D chart, it seems that EUR/USD is on down trend right now, and the 1H chart show that it already hit the resistance for a few time, so short EUR/USD for the time being.
Stop loss should be around or equal resistance (15889) + 20 pips
Take profit should be at least double the stop loss
GU test the upper limit 4 times in row
if its just 3 time and then form a new lower limit, the story will be different.
Short GU,
SL as 1.29200
TP as picture
SL around 85.18
TP = SLx500% or whatever lv u feel like
Gold is going up (strong aud)
JP10-2 is going down (weak JPY)
chart at the SP lv of half month ago
ranging chart = sell volume exhaust, time to buy.
yellow line goes down = weak JPY
red line goes up = strong USD
volume down in down trend = sell exhaust
Buy UJ
SL around 112.4
TP x500% SL or whatever level that you like
UJ already get over the trap bay, since every seller is exhaust (volume down in down trend) and the potential strength of USD is goes up strong, so buy UJ
