Raxiyan

Raxiyan

Price is in downward channel. There might be a temporary reveral from green trendline. Unless upperbound of the channel is invalidated, we can expect green trend line to be eventually broken and possible death cross. Disclaimer: This is not a trading advice, please do your own analysis.

Raxiyan

Watch for breaks. Disclaimer: This is not a trading advice. Please do your own analysis.

Raxiyan

Above 0.92 it is bullish till green trend line. Disclaimer: This is not a trading advice, please do your own analysis.

Raxiyan

Possible scenario for AUDUSD. Disclaimer: This is not a trading advice, please do your own analysis.

Raxiyan

NZDUSD is moving in red channel which is an extension of down trend. Watch for a break out for trade entry. Disclaimer: This is not a trading advice. Please do your own analysis.

Raxiyan

SL below last support

Raxiyan Updated 

1825-1827 looks like a key level. It is both Fib50 of 1903 fall and Fib38 of 1678 rise. If price goes above this level, we will be in a bull market again. However if price goes below 1797 level one more time I expect a strong bear market, it will be a free fall to 1740 then to somewhere between 1720-1724. Disclaimer: This is not a trading advice, please do your...

Raxiyan

Possible rising channel.

Raxiyan Updated 

I expect drop to Fib38 then goes up.

Raxiyan

Price action at middle trend line should be watch and be traded accordingly. Long if touches 50 MA, stop below 200 MA.

Raxiyan

No explaination needed I guess :) Disclaimer: This is not a trading advice please do your own analysis

Raxiyan

We might see a reversal from 1745 to 1770 but I expect price to eventually touch yellow trend line. Disclaimer: This is not a trading advice, please do your own analysis

Raxiyan

So, I had to revisit my old drawings. Gold is currently trading at around 1770 which is Fib23 of Aug 2020 fall. If you like risk and wanna live on the edges, 1770-1775 interval is a good entry point. Second option is upperbound of descending channel of Aug 2020, currently at 1745.8 Third option is support line from Mar 2020, currently at 1725.6 If you are smart...

Raxiyan

Gold hits 1845 4h support and goes up to 1870 daily resistance and currently trading at around 1865 4h support/resistance. I see three possible scenarios here: 1) Goes up 1877 and will be rejected to 1845-1850 again, if 1845 breaks goes down to first 1813 then 1798 2) Goes up 1891 and will be rejected to 1845-1850 again, if 1845 breaks goes down to first 1813...

Raxiyan

So, Cpi comes higher than expected skyrocketing gold prices. But we need to see price going above white descending channel. I am neutral on gold for now. I might trade pinbars on 1H chart if happens.

Raxiyan Updated 

Trend is clear. All yellow lines are parellels. Low risk high return oppurtunity in my opininon. If trade fails, I am gonna look for buy position opportunity at 1865, if 1865 doesnt hold, it is the end of gold we go to at least 1798. Disclaimer: This is not a trading advice, Please do your own analysis.

Raxiyan

All of the yellow lines are parellels. I think gold will test 200MA at 1843, then we go to 1960. Disclaimer: This is not a trading advice, please do your own analysis

Raxiyan Updated 

Horizontal level relevance white - 30M red - 4H blue 1D yellow - Fib of Jan 2021 orange - Fib of Aug 2020 Disclaimer: !!! This is not a trading advice, Please do you own analysis !!!