SebFX

SebFX

An XAUUSD Gold support trendline on the 1 hour chart has been brocken. How far down could it go? Could it retrace first? Shorting may not give a good risk/reward. There are Fair Value Gaps on the 1h and 4h charts below the current price. One stategy might be to buy gold using a buy limit order at $2397.85 once these FVGs are filled.

SebFX Updated 

There's a FVG on multiple timeframes on EURGBP today, 2024-08-01. I took a long position and it's started well.

SebFX

Using FVG and trend lines to suggest a possible outcome ahead of the MPC decision in 12 hours time, and what might happen from there.

SebFX

EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread and may be in a rising wedge. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips...

SebFX

EUR/NOK has reached a resistance zone near the all-time high of 10.1573 + spread. It could be a good long-term short from here (over 10.06), as NOK have been raising interest rates this year (last on Sep 19th), now at 1.50%, due to a solid economy. I'm short from 10.06237 and 10.06587. A short with TP 2000 pips (9.862) SL 2000 pips (10.262) makes the TP within...