ZadyTrades

ZadyTrades

Gold has been on a steady uptrend for quite some time and doesn't look like it's slowing down anytime soon. I will be looking for a 38 or 61 fib retracement so I can get involved in the annual gold bull run. If we get a deep pullback then 2477.00 would be a nice entry zone for me.

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Current levels I'm looking out for. Price could break the previous LH retest and continue to the upside, But if we get a break and close below the previous LL then i'll be waiting for a break, retest and then a trend continuation to the downside.

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GBP/USD’s move lower to 1.3300 has taken the pair back to the bottom of recent day’s ranges. For now, cable is holding up at support in this area.

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Levels to keep an eye on GBP/USD remains pressured under 1.32 as UK GDP misses with 15.5%

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GBP/USD has been rising on hopes for a COVID-19 vaccine. Upbeat UK jobs figures, Brexit news, and US politics are in play. Tuesday's 4Hr and Daily chart is pointing to further gains for cable.

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Uptrends and downtrends are quite simple. Here’s the definition for each: Uptrend: This describes when the price of a price is moving upward or getting higher. An uptrend is characterized by the chart’s peaks and lows reaching new highs as the trend progresses. So, if you look at the chart over time, it may be zigzagging, but it’s generally going up. Downtrend:...

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Volatility over the next hours will likely rise dominated by speculations about the outcome of the US elections. Market analysts will look not only for who wins the presidency but also for the future composition of the House and the Senate. Possible short position but be mindful as this is a bullish market so ideally, I would wait for support to be retested and...

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GBP/USD struggles around 1.2900 after the UK lockdown announcement. Daily structure zone possible!!

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Levels to look out for.

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Levels to look out for. Marking up the right key levels are vital.

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Levels to look out for. Bearish news for gold: Meltdown, the formal end of fiscal stimulus talks was only the beginning of a down week for gold, which also struggled with the covid-related gloom. The fate of the precious metal hinges on the elections, yet surprise stimulus from central banks could also move XAU/USD. Bullish news for gold: - A higher gold...

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levels to look out for. Bearish GB news: - Moody's downgrades the UK's credit rating - OECD warns of UK economic scars - UK economy was not doing that great, GDP figures for August badly disappointed - Brexit talks turn sour - New lockdown rules imposed for the UK coming into play this Thursday, Nov 5th, 2020.

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Levels I'm currently looking at and what id like to see: - Bullish push to the recent highs then look for evidence to go short. - Or a break of the current trendline and then a retest of that trendline for a trend continuation to the downside. - Only looking for shorts (for now) as the higher timeframes are showing bearish price action. ~KeepItSimple

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You can have two pending orders, a "Buy Stop" and a "Sell Limit" so either way you can get in on the right side and catch the momentum of the market. Once an order has been triggered then cancel the other. Be cautious of the London/New york crossover sessions.

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Levels To Look Out For

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Key Levels to keep an eye on. Possible long

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1 Hr Levels to look out for: 1914.00 (Res) 1896.90 (Supp)

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136.400 support could be respected for a bounce back up to the recent highs 136.800 (1hr structure) or break and retest of the lows for a downtrend continuation.