Gold has changed its direction from bearish to bullish making new higher highs and higher lows
For confirmation of direction for trade, wait for candle to close either above yellow line or below yellow line for long or short entry respectively
USDCAD LONG ENTRY. Reasons: 1. USD is in strong Bullish trend, US Dollar currency is very strong 2. Market is making higher highs and higher lows showing trend is bullish 3. Market is approaching an area of Demand that initiated the strong bullish run that broke previous high to make new high. 4. Market that is making retracement is basically clearing out the...
EurGbp potential sell trade breaking down strong support and there is no nearby support
Previously AudUsd was in downtrend then it entered in range. Now it has just broken above range, closing above the resistance level Market has also closed above the downtrend line Market is expected to go long to the marked levels
Based of formation of M pattern on Daily chart, and market respecting a down trend line; there is potential for Sell
Short term idea for Selling of AudJpy from strong resistance area as well as upper trendline of a wedge
Russia withdrawing soldiers from Ukraine's border Ultra high volume bar on previous day candle, with anomaly of effort vs result If current day candle closes below the low of previous day candle then considerable bearish move can be expected For bearish entry, today's candle must close below the upper trendline of triangle and below the low of previous day candle
On daily chart, Gold is making a triangle so depending upon its break out of previous area of strong support and resistance these are my view.. Kindly comment