Gold finding resistance at this important price level. 1800 would be the target
Is it time for EURNZD to make a decent move to 1.86 ? I think so. Its a Friday, so I don't enter any new trades, and would prefer to see how the week closes.
In my previous analysis on Bitcoin, I called for a drop to Bitcoin to 7700. I am still confident in my short, and will continue to hold. A breakdown of the rising channel and engulf of the demand zone that was been tested would confirm in my opinion.
Gold continues to be bullish, and as things stand, I am only looking for long positions. Looking at the daily chart, we have a parallel channel that has formed. What I am looking at is the following : A move down to daily demand at around 1700, which also coincides with the bottom of the channel trend line. If PA is bullish on lower times frames, will look...
A quick video update discussing where we are in the trade , and expected target to end the week.
Just a quick update on my short. Levels being respected. Will add updates as we move along.
EURJPY reacted nicely from a daily supply zone. Has now broken below a S/R level, looking to short on a retest
EURCAD has had a 4hr candle that has broken above important resistance, and current weeks Monday high. Currently Long
CADJPY has been ranging, as with other Yen pairs. A basic S/R has presented itself here.
Resistance at 10k has been too much to ask for Bitcoin.
The world and US economy is closed for business, but the FED does not care, don't fight the FED ! Record shorts again on the S&P500 is telling you a push higher can be expected.
GBPNZD has broken a important support level on the Daily chart. Short the retest where price is currently.