CBRT will keep USDTRY between 7,00-8,00 increasing interest rates even further.
We expect a reversal to weekly support after massive short squeeze. Wait for a weekly close below 1370 to sell.
Gold made a bear trap below 1280 since graph showed everybody a h&s however it was a falling wedge. It also brokeout 1290 and made bull trap over 1290. I expect a pull back to red trendline from bottom side then price will able to break green support for a more powerful bearish market to stop trapped bulls over 1290. I'd suggest short when it's rejected by red...
Sell 1286.500 SL 1287.500 TP 1283.500 R/R 1:3
Every trader sold after 1280 breakout and market wont like this. Think like market, 1- Stop longs. checked 2-Stop shorts. in progress 3-Collect longs. wait 4-Stop longs. wait
I'll open two trades on Monday, according to price action on orange trendline XAUUSD sell 1x below 1289.70 tp 1283 sl 1295, XAUUSD sell 3x 1293.00 tp 1283 sl 1295
After 1h bearish divergence, it brokeout uptrend then retested.That was a trend reversal then i sold it. It dropped till 1292 which was a Gap up price on 9th of March. Then it brokeout downtrend however neither it broke 0.236 fibonacci retracement level nor retested downtrend to go higher.I'd recommend to my followers stay out of any trade action in blue colored...
We are in consolidation pattern since 2013.Bears and Bulls shouldnt be over-excited when price moves in blue zone.In my opinion, it wants "more" to be in a bullish market than bearish market since it tries more upside than downside. You will see 1400-2k-4k callers during green arrow price actions and sub-1000 callers during red arrow price actions. This is just a...
I think market pushed so hard to touch bearish multiyear trendline and got a serious rejection. (weekly candle is a shooting star) Currently over %65 of total positions are long acoording to oanda sentiments. Price needs to break green support line first to say bearish market inducted. i'd recommend break re-test and sell XAUUSD to 1240 or lower TP.
I'd like to share my elliot wave analysis in XAUUSD. I hope to press "play" button to fit it in near future.
Purple channel works. As long as its support is not broken, we may expect 6.24
Bulls are getting weaker, Daily macd gives sell signal after long time. Wait for break down trend line on 4h chart then short it till 1240
Breakouts, supports and denials on chart. Economic figures are very bad even got manipulated.