Gold is facing strong resistance, the hope is that there will be a slight price correction before breaking this strong resistance. Please comment if you have another idea..
Technical: 1. Testing the 0.5 Fib Retracement level. 2. Testing trendline resistance. 3. RSI 4H touched lev 70 Fundamentals: GBPUSD was very strong last week, as supported by the increase in UK employment. Even the market ignored the actual FOMC meeting to mention the potential monetary amount the FED could reduce for its monthly bond purchases. Maybe in the...
Consider the following: 1. Tappering may be done in early November, but not sure. If the NFP news is good, it will probably be done, but if it's the other way around, then it's likely that the tappering will start next year. 2. American debt will mature in the near future and the budget is still unclear. Even Joe Biden had to sign an interim budget to avoid a...
A descending triangle is a bearish chart pattern. For the short term, we can still take advantage of buying with a target price of 1.37600 - 1.38000. The price will reach this target within 1-2 weeks. If the price has touched the area of 1.37600 - 1.38000 then sell with the target price of 1.35800 - 1.34800. This is also confirmed by: 1. The dollar index is...
like or comment if you like this idea.. Open Position: 1. Buy 1.1652 TP 1.1687 SL 1.1610 2. Sell Limit 1.1685 TP 1.1655 SL 1.1715 If you have another ideas you can share on comment. Thanks
There are 2 scenario, in this case the keys is 1.1835 and 1.1800 just wait for next 4h candle. Open Position: 1. Buy Stop 1.1840 SL 1.1800 TP 1.1890 2. Sell Stop 1.1790 SL 1.1830 TP 1.1750 what do you think? you can share your ideas on comment. Thanks,