SebFX

SebFX Updated 

I've already gone long as you can see from the chart, as I was hopeful the double/triple bottom would hold. Possible target is a little under the 50% retracement of the previous large down move (193.4 ish), or one could try the 38.2% retracement (around 193.0). Stop loss could either be low to protect from volatility and in case of breaking bottom first before...

SebFX

EUR/USD is in a downward wedge and has bounced off the Fibonacci 50% retracement from the weekly chart, which is also in a supply zone, so there should be good support there. The upper trendline was already broken during the US CPI news today, but the price went back into the wedge. Resistance is probably not strong at least until US CPI news high, so there's a...

SebFX

I've drew various lines on the chart yesterday, support lines, resistance lines: the resistance lines broke and support is holding steady after a couple of re-tests. They may not hold for ever, but we could see a re-test of the daily high at least first.

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...