1:2 RR. entry based on Fibb. Downtrend formed, correction expected
Price has created a sniper on the 1h chart. Being on a bottom level, reversal is expected. Wait for the entry and go long!
I am observing gold for quite a while now. Long term I am expecting a big bearish correction before a bigger bullish move. What I've traded recently is this setup on the 15m chart. I took a short position with 1:3 risk reward, based on the following things: 1. On the 15m we had a bullish move to the highs followed by a bearish engulfing and then continuation of...
I see Gold now reversing, with corona virus slowing down. It's going to retest the resistance and then drop to the lower support.
We had a breakout and now I expect a re-test and going long.
EUR AUD looks good for continuation of upmove. 50 pips expected.
As we can see price reached a major support zone. Based on the fact that this is a key level and previous order blocks have been build, I expect a bullish run to the upside. + DXY is gaining strength.
USD gained strenght due to the NFP results. I expect price to retrace a bit to retest and grab liquidity and then fly up.
I expect a pullback to the 50% of the candle entry and then a expected further drop
We've seen highs been taken out and bulls taking control. Now waiting for the retest and grabbing some liquidity before the dump. Retest and enter.
Chart explains it all... So far every move has been caught. Send me a message if you need help.
Since yesterday, I've caught 220 pips on gold, and now my projection is for another 300 pips+- downmove.
Expecting a re-test to the top and then dumping. 50pips opportunity.
We've seen this pair rallying up about a 100 pips and now we have an order block with previous heights being taken out. It retested my entry point and now I expect a drop for about a 100± pips.
Price got rejected again at a key level (June 2016 High). Brexit and UK political chaos further adds to bearish pressure. UK Economics are suffering from bad data coming out, so expectations are for bearish movement. On the other hand we have the trade war which is speculated every week, but in general the technical analysis shows a down movement.
Brexit chaos, bad UK data, stable CAD. Trade the weak against the strong. Speculation should be over!
As we can see we still move in this channel where support&resistance is respected. I expect a downfall to the bottom support and with the rising pressure over UK economics a brakeout to the downside.
Hi there. I am planning to add more shorts in this one based on the following factors: Fundamentals: 1. Trump denied "laying down" on the tariffs with China > Aussie pairs are weak. 2. When there is a lot of chaos around the big countries, investors go for gold. When gold price goes up >> CHF goes up. Technicals: 1. We have a brakeout from a consolidation zone...