triangle formation.. wait for the break out in either direction, then ride the trend.
Swing trade setup for EURCHF. Whats your take on it?
currently in heavy resistance area, may fall from here OR may rise a little to resist the higher resistance zone which I have marked. BE CAREFUL, NFP TOMORROW!!
1551 area formed support after big sell off, been a crazy couple days. where to now? leave your thoughts. my opinion is if price stays above blue line, price may push up. If price breaks below that line we may be entering a big sell off period for gold. Any more surprise attacks and we may see gold spike again.
currently at a resistance level where price has closed below the resistance. peep the 4HR chart aswell and you will see a double top formation. I believe that EURUSD is headed down however, I will wait for further confirmation before entering, remember ; trade what you see, not what you think.
gold closed strong today, bias remains bullish on gold. I personally would long due to economic uncertainty.
This week gold will retest its highest resistance level seen in around 7 years. I expect a lot of resistance here, which will drive the price down, before ultimately driving the price way up as the bulls take over. Time frame? I am not sure, but i do know that a brilliant short opportunity on gold is in sight. overall for the coming months, I am bullish on gold...
Currently in a grey area where price has reversed strongly previously in 2019. I personally will not be opening any positions until we see a clean break to the downside. If this condition is met, then I would except a strong downtrend to form. Let know what you guys think!!