Using 1 Hr Time Frame with the weekly pivots, it seems the price action is wanting to go up again. Using a stop loss just below the swing lows and a profit target at the weekly pivot area.
Please trade with proper risk mgt.
Seating just above the weekly pivot, with price action starting today showing signs of a rejection. This pair looks like its favoring a lower move.
please observe proper money management.
Shorting USDJPY at the 1-hour time frame stop loss just above the weekly Fibonacci resistance pivot R.38, with a TP1 at weekly pivot and TP2 at S38.
With the growing COVID-19 cases in major cities, there is a growing negative sentiment overall as businesses start to close-shop again. There are plenty of news coming this week so I'll adjust accordingly.
Happy...
The pair respected its support at 1.3370, and its aiming to target the previous swing high of 1.3470 and then it'll have room to move up to the known rejection area of 1.3560.
Do watch out for the US Final GDP q/q announcement later on the day - could be the major breakthrough to push this pair higher.
Otherwise it'll be the supports end of days.
Happy trading!...
Gold is on a trend since beginning of March, but how long it will it last? Are we reaching a consolidation?
Currently sits just right above the 1321ish resistance, gearing to take on the 1333 and then the 1345.
I've put in a breakout play, just right above 1323 with 1.5R from the last swing long at 1HR timeframe.
manage your risks well. Happy trading everyone!
