Just a possibility. I won't take this trade for now. Waiting for more confirmations. Still a good possibility
Look in a longterm buy on gold. Wait until the breakthrough to take position. We pass through a strong resistance level ( fib level). We are now looking if the market will hit the next fib level. Should hit those middle resistance by the way.
Look the message on the chart.
NZDCAD should go up until the 0.382 fib level (MAJOR LEVEL). We will see after what's gonna happen. We will look soon if it will continu until the 0.236 fib level. WHY? -we hit the 0.5 fib level. -There's a triangle formation which shows that the market will reverse soon. -No confirmation from the MACD. We should see a cross-over soon. -No RSI confirmation. At the...
EURUSD should go down in a short term way. I'm waiting for more confirmation to take a long term position in this pair. WHY? -MACD shows that this pair will reverse soon because we can see a lot of cross-over, -RSI shows nothing for the moment. At the 50 level we can't say that this pair is overbought or oversold. -EURUSD will go down until the 0.5 level.
Gold should go up. -RSI this indicator is between the 30 and the 20 level which shows that this pair is oversold. -MACD this indicator shows that this pair should reverse soon. We can see many cross-over in this indicator. -Fibonacci: Should go up until the 0.5 fib level (strong resistance level)
XAUUSD should go up in a long term way. WHY? -RSI shows that this pair is oversold because the oscillator is between the 30 and the 20 level. -MACD shows that this pair will be in a reversal situation soon because we can see 3 cross-over in this indicator. -Fibonacci: The 0.00 fib level is hit now we will see gold go up until the 0.5 fib level (strong resistance).
I think that the Gold should go up for a long term. WHY? -RSI shows that this pair is oversold. -MACD shows that we should see a reversal situation soon. -We hit the 0 fib level. -This pair should go up until the 0.5 fib level (strong resistance level) TP.
The H1 Chart show the same thing of the D1 chart. Which confirm my analyse in a short term way.
Long term sell will be my analyse for today on the USDJPY chart. WHY? -MACD shows that the market is in a reversal position because it's possible to see a cross-over in the indicator. -RSI shows that this pair is overbought because the indicator is between the 70 and the 80 level. -Fibonacci: We hit the top of the 0 level which shows that we are overbought too....