Gold is by far one the instruments that you can trade easier and effectively with just about any good strategy. Mostly supply and demand or Volume analysis Trading and that my opinion. Gold always gives clear insight on price action which makes it easier for every analyst or novice trader. On the Chart I will be explaining the Supply & Demand strategy. First you...
We are going bullish on the AUDUSD and a few trades short since we broke the triangle. our Target is at level 0.78834 and stoploss below the lows
We are in a trend line and it seems to be holding as we are looking at a strong dollar in the coming week. We are anticipating to plat along within the channel and make profits as we go.
Clearly not one of the best trades so far but know how the market will turn out we have a goo feeling that this will be a profitable trade.
We will go short after we hit our resistance level on a 15 min time frame with a risk to reward of about 2.06 and hoping for a few pips. with the use and the breakage of channels we get a beautiful resistance level. #HappyTrading
Going Short with hopes that the Demand zone will be broken later.
With the GBP being strong we see a reversal from the supply zone to the Demand zone bouncing back to the supply zone. There is a strong bias on these levels 1.39494 and 1.39471 since these are respectively the institutional level and the middle pivot point. Price is most likely to rally up from the 1.39471 to the supply zone which is where we place our buy order...
We see a demand zone to be retested at 1.22704 in the coming week. But before there is a small demand zone or Ledge that is formed within the Triangle around the 1.22945 zone which is where we've placed a sell order. Our Risk to reward ratio is 2.1 going towards or demand zone where we can have or buy orders with a Risk to Reward Ration of 3.1 next week. We are...
FX_IDC:GBPCHF Waiting For the Price to reverse from Demand Zone and go long. The Move might Happen around week. Price Action is King..