I would like to make you aware that Gold is currently trending downwards overall despite the spike to the upwards that we just witnessed. If you look at the chart you will notice that during the downtrend gold tends to spike upwards to touch the 50MA and dump from the. I am expecting to see gold moving up into the 50Ma and out of the 50Ma with 4 hrs candle...
Long GBPJPY with TP and Sl as shown. Keep in mind SL is important, last week we had two pairs going south, really south, GBPCAD and EURGBP going against my analysis, there will always be such, always put a stop loss, the maximum you should be willing to risk is only 5% of your balance.
USDZAR looking for break below 15.00 level, tp at 14.64, SL just above the channel. On my trades for last week, all hit my pairs hit tp besides for GBPCAD, EURGBP, I have been stopped out on those two pairs. Focus on this week will be on USDZAR, EURZAR, GBPJPY, USDCHF, USDJPY.
we are on a strong uptrend on this pair. I am going long on it as the trend also shows that its very strong to the upside. This is a pair I will hold for the next coming week, good luck to you
EURGBP trending downwards, it finally reached the 100MA and dropped, which gives us a good entry, put a tight stop loss, don't be greedy, use a small lot size
Ascending channel formed by GBPUSD. I am going long, holding till the tip of the channel has been reached. Exercise patience when you trade.
Short USDZAR, the risk to reward is very good, use a small lot as this pair has a big spread, put sl just above the trend line , tp at the end of the arrow pointing downwards. Good luck to you. Check out my profile for previous posts and you will see out of 10 trades, 8 were spot on only 2 were off.
We can finally confirm price rejection at channel. Always put a stop loss to protect your account, do not move your stop loss unless you are breaking even. Avoid trading with emotions because you will lose money, if a trade didn't go your way its alright we'll get another one, avoid blowing up!
EURJPY will fall sharply after a strong retracement
very important channel broken then made a pull back, I expect price to fall
Short AUDNZD as we can see the price trying to reach the tip of the channel
From the signal i gave yesterday ,we saw a move till the tp, now we are neutral waiting for the pair to give a new direction then I will post again. Follow my channel, I am not popular nor a guru but with 5 yrs trading experience I have helped so many people grow their accounts and I offer educational training as well for free, I don't do VIP whatsoever.
Hello trader, NZDCAD broke a channel that was trending downwards following a channel trending upwards
Very strong downtrend continuation. let me know on the comment what you think of the idea
I took a look at the bigger time frame being the monthly time frame so that it can help me to see the broader move of this pair. let me know on the comments below what you think of the idea.
Just to add to the video upload I made on this pair, I have added a channel as well confirming the downtrend. See the video as well uploaded on my profile for full analysis, its only a 6min video. All the best to you