please note that the gold is in long-term uptrend . but its descending channel is valid yet. so if you are in long, you will see a pullback ....
EURRUB is going down , RUB will be in the stronger situation
EURUSD has broken its resistance of 1.2000 after a consolidation of 130days. it also has broken major resistance of 1.21000 strongly. to continue , this pair needed a rest, last week eurusd was in a bullish flag and one time tried to break that. the zone of 1.21 is a key level i think. in this zone we have major SR zone , and as you see in 4H the EMA50 is waiting...
in the weekly , gold is above EMA50 and in a range . it seems the bullish flag with a high targets is consolidated. in the Daily chart , price is in a descending channel. i Think the lowest barrier and support is zone of 1750-1765. nothing can be a medal same as gold. it will break its limitations and go to reach 2070 and 2300 and ..... but if you dont have Gold ,...
EUR USD has been broken its descending channel in 4h but, unfortunately , we need breaking of last high too. so it is not the best situation to buy.... this pair will go to 1.25000and higher
it is around 2 weeks that this pair is making a triangle. according to its long time uptrend I like to see its upward breakout. anyway , if you are swing trader I suggest you this pair for long but after a good daily close beyond the triangle borders.
tonight and its close is vital for eurusd. this pair is supper bullish but if it closes bellow the 1. 21700 it can get bearish for short-time and to reach a better support. so stay calm and keep an eye on this pair.
after a nice movement , price is in built up yellow zone. i will buy just in case i see a close beyond this rectangle. the green scenario is possible of course, so wait for strong break and close.
I think zone between ema 50 ema200 is zone of value.
price action strategy is to study the historical behavior of market to forecast its behavior in future. just take a look at weekly chart of EURUSD. what do you see....?
after breaking of a 4 months range , now EURUSD is making a nice bullish flag. closing beyond this green flag can be start of a big movement . the 1st target would be 1.24900
this price is on a mid-term(1year) uptrend and in its way, it DID break the long-term downtrend (after 8 years) so i thing this pair will be go up not fast but continuously.
just according our last forecast, gold respected to EMA50 in weekly time frame, for 3rd time and started again. the long-therm uptrend is valid since price is up 1790 area. but in the short-time we can have a small retracement . Personally,I will long just in case i see a price action signal on SR zone of 1790-1815. my 1st target would be 1round 1890.....but...
after a consolidating for around 4 months , price broke the long-term downtrend line. in this moment retesting has been completed. just as price is a bit stretched from its average , i will wait for a small pullback to open a buy position with very nice RRR.
to open any long position wait for price action signal in the Daily or weekly time-frames but there are many evidences that prove Gold would fly soon. 1- price in weekly time-frame is in long-term uptrend and just above EMA50. 2- its 3rd time that price touches this EMA and in the last 2 times , price has respected this EMA. 3- the S/R important zone of that is...
this short position gives a good RRR.
after a sharp rise, this crypto has needed to take a rest. now its on its very strong S/R zone , wait for 4H signal to long.
after a good rising and nice retracement , it time to long.