As you can see price made a W pattern with retest where gives as a good entry to go in longs with a nice RR. Also price made a reverse H&Sh where gives us a second confirmation for price to go higher to retest the broke zone at 1.3250. What I am expecting? I think price can come to trendline to make a 3 touch as a confirmation to go much higher. It wouldn't be...
This week Gold started give us a good opportiunity with buys and sells, but this time we are going to take a good entry with shorts. Price have made a LH and HH where gives us now the first confirmation to going shorts from here, second confirmation is a price where came to retest a 61.8% level and tested very well. As a third confirmation we a have a kind of...
After price yesterday has a bearish momentum to for a 3 touch in trendline, also with that rejection this makes us to go long with sl in previous wick and tp in 140.800. Let's wait for price to react in our bias.
We have a TL broke in a Daily timeframe that make us go short in GBPUSD
Price has form H&SH very good where we have resistance zone at our entry. This make us going short in this pair with a sl no more than 40pips let's see and wait for 1D candlestick closure... For more contact us in: instagram.com/merchantsfx
GBPJPY- we have a 3 trendline touch that gives us a opportiunity to go in sell... For more contact me in: instagram.com/merchantsfx
AUDCAD ready forming a double top pattern where we can see and put a sell in a longterm to hold till 0.85000 and close the gap. Entry-0.90320 SL-0.90690 TP1-0.88000 TP2-0.85000 Use your risk management and don't risk more than 2% of your balance... For more contact me in: instagram.com/merchantsfx
After a trendline break and a re-test we can see a potencial bullish till 1750.00 to take some profit and to stay long term till 1800.00 this is what I see in XAUUSD. For more you can contact me in: instagram.com/merchantsfx
Here you can see my trade setup on AUDCHF Buy it in 1D timeframe!
Here in GOLD we have to risk around 71 pips. Buy now @ 1570.50 SL-1562.90 TP-1590.50