XAU/USD has rallied for six days straight. Should be due for a pull back, so this is a counter trend play. In other words, it's risky. This is a 1:3 rr trade. DO YOUR OWN ANALYSIS.
EUR/CAD has shaved some of its recent gains and was basically bearish last week. However, the pair is now retesting last week's low at 1.48682 and simultaneously will come into the range of a significant demand area. This goes against the immediate bearish trend, but there is a case for bullish reaction from 1.48550 - 1.48500. Let's see how it goes. Please, Do...
Fundamentals have driven GBP/USD down to weekly support around 1.2630. Also price is close to last week's low at 1.26163. I'm expecting this area to hold the pair's fall. THIS IS BASICALLY A PULL BACK PLAY, so be cautious. I think it's worth the risk, let's see how it plays out.
Posted this yesterday but deleted shortly after posting, but after the first test of my POI I no longer feel as uncertain as I did yesterday. It is still a risky play, but today Yen pairs are bearish. GJ was bearish earlier in the day and I was able to get some trades before the bullish move happening now. I still think there's some merit here. GJ has breached...
GBP/JPY has entered a 1HR area from which a sharp price decline occurred. After Friday's and today's Asia session's rally to the upside, a drop from this 1 HR price area might play out. NFA
Spin off trade after the pull back play I published yesterday. Hoping to see EURGBP move higher today and properly enter the zone from which it pulled back yesterday.
This is a pull back play. After an impressive push to the upside, EURGBP is broaching new highs and has shown weakness, thus I'm expecting a pull back from my POI.
I had this zone marked out for a possible sell. Waiting for a bearish shift for confirmation.
XAUUSD still has some upside room before we see lower prices. I'm looking at a retracement to the 1927.55 level before a push up to 1949.00. NFA, DYOR.