Price keeps and uptrend at the moment looking at a lower time frame, so this gives the opportunity to look for a long, also price in the 15 minutes just broke above a resistance or a range zone where its possible to take a long. simple
Yesterday we had a good volatility on gold, price broke above some asian highs, as we can see the price made a pullback and tried to break the asian low, but it was a fake breakout and actived all the major long position. Looking at this long on gold.
There is a possibility to go short on this pair, wait for a proper confirmation.
Looking at the chart we continue on a downtrend, but that doesn´t mean we can get some longs. Price broke above this zone so it looks good to get some buys.
we have a downtrend on the long term, but we can look for buys after the break of this zone
Look for the rejection of the 4h candle, so maybe there could be a possible short. As we can see gbpusd keeps and uptrend but looking at the level is now the possible to go short is on. Also if you look at the 1d trend, it look a lot more bearish. So watch out for a rejecting in this zone to go short. I´ll let everybody know when I open my trade.
LET GO LONG ON GBPAUD, WE CAN SEE THAT THE PRICE DROPPED HARD AND REACHED A MAJOR SUPPORT, ALSO WE CAN SEE THAT THE PRICE BREAK A RANGE THAT IT HAD EN 15 MINUTES. LOOKING AT THE PROBABILITIES LONG IS THE PROPER IDEA. LIKE IF YOU FEEL THE SAME WAY, ALSO IF YOU DONT FEEL THE WAY!.
Because of the bad result of the NFP, We saw a big move up for gold, but as we know everything that goes up has to go down at a certain point. Looking at the probabilities we think that is a better option to go short, of course you need, to wait for the breakout in order to place a position. Always manage your risk!.
LOOK AT THE PRICE AND THE LEVEL WHERE THE PRICE IS, ALSO THE PRICE HASN´T BREAK ABOVE THE MAXINUM OF THE ASIAN ZONE. SO WE SEE SHORT!
LOOK THE ZONE!. POSSIBLE BUY. WAIT FOR CONFIRMATIONS ON 15 MINUTES.
PRICE REACHED A MAJOR DAILY RESISTANCE WHERE THERE PRICE SHOWED SOME REJECTION. WE CAN SEE IN 4H TIME FRAME, THAT THE PRICE IS LETTING A COUPLE OF SPIKES, THIS MEANS THAT SHORT PEOPLE COULD BE TAKING POSITIONS TO IMPULSE THE PRICE DOWN. NOW WHAT WE NEED TO DO IS TO WAIT FOR THE CLOSURE OF THE 4H CANDLE, ALSO WE NEED THAT THE PRICE BREAKS BELOW THE HORIZONTAL LINE...
WE CAN SEE THAT THE PRICE REACHED A MAJOR WEEK RESISTANCE WHERE WE CAN SEE A REJECTION ON THE 4H TIME FRAME. ALSO WE CAN SEE A RANGE OF PRICE ON 1H TIME FRAME. I PUT A BOX A ROUND TRE RANGE WE GOT ON 1H SO WE CAN SEE THE POSSIBILITY TO GO SHORT. THE BOX HAS BEEN BROKEN AND WE CAN WAIT FOR A PROPER PULL BACK TO MAYBE LOOK FOR SHORTS. LET WAIT UNTIL THE PRICE REACT...
WE CAN START LOOKING FOR SHORTS AROUND THIS ARE, AS WE CAN SEE DAILY THE UPTREND HAS LOSE FORCE, SO THIS SHOW US THAT THE PRICE COULD GO DOWN. THE PRICE TRIED TO BREAK ABOVE 130.500, BUT RETURN TO BELOW THE PRICE. SHORT.
AS WE CAN SEE, THE PRICE KEPT AN UPTREND IN THE PREVIEW WEEK, THIS MOVE COULD BE CONSIDERED AS A RETRATMENT FROM THE PREVIEWS DOWN MOVES FROM TWO WEEKS AGO. NOW THE PRICE EXPLODE UP BUT WE CAN SEE NOW THAT THE PRICES IS LOSING BUYING STRENGHT. LOOKING AT THE LEVEL 1.30000 WE CAN SEE THAT THE PRICE WENT UP BUT THEN GOT BACK BELOW THE LEVEL. ALSO CHEKING IN 4H WE...
In the weekly frame GU showed a bearish rejection for two weeks at the 1.37000 area. The price began to show an upward trend, if you look at the moving averages in D1 and W1 you see an upward trend Formation. observing this we decided to take a long position.
POSSIBLE SHORT ON GBPUSD. The price keeps a downside trend and at the moment it couldn´t break above the level ´psyco 1.38000. Also if we look the fibo, the price arrived to an important zone around the zone 61.8% and 78.6%. The thing that we need to wait in order to execute the trade is to see for a short engulfing candle.
AS WE CAN SEE GOLD KEEPS A DOWNTREND. RIGHT NOW THE PRICE IS RECOVERING AFTER GET TO A MAJOR SUPPORT ZONE. BUT THE NEXT THAT WE CAN EXPECT IS THAT THE PRICE ARRIVE TO AN IMPORTANT ZONE LOCATE ON THE 61.8% AND 78.6% WHERE WE CAN START LOOKING FOR SELL OPPORTUNITIES. ALSO THE PRICE IS GETTING CLOSE TO AN IMPORTANT PSICOLOGICAL LEVEL.