fxwithkay

fxwithkay

Let's delve deeper into this trading strategy. We're contemplating taking short positions if the market price falls below the 1829.00 mark. Our profit targets for this short position are set at 1814.00 and, further down the line, 1807.00. However, there's an important condition here. To execute this trade, we must keep a close eye on the resistance level at...

fxwithkay

Short positions below 1849.00 with targets at 1830.00 & 1800.00 in extension. As long as 1849.00 is resistance, look for choppy price action with a bearish bias. Today’s Prophecy: We wait New York Session No Impulse Entry Only Taking Trades from Low or High Trade Time: 3:00pm Nigerian Time

fxwithkay

Looking at the monthly chart is like taking a step back and gaining a broader perspective. It allows us to spot potential trends and reversals that might not be as visible on shorter timeframes. When a new monthly candle forms, it can be a significant event, often indicating a shift in market sentiment or a continuation of an existing trend. However, it's...

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Today's outlook presents an interesting scenario for Gold trading. Observing the chart from higher timeframes, it appears that the buy level hasn't fully completed its cycle. Transitioning to lower timeframes, we noticed that Gold was expected to test a specific level, but it retraced upward instead. In today's trading session, we anticipate that Gold might reach...

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What to expect: Based on our analysis, gold has respected our positions and reached the level of 1963. We anticipate that gold will continue its downtrend. According to the shared screenshot, we expect gold to consolidate around the range of 1963-1966 before the New York session. This consolidation may trigger stop losses and lead to a continuation of the...

fxwithkay

Get ready for an exciting week in the forex market! Our analysis across various timeframes reveals some interesting opportunities: XAUUSD: We anticipate a bullish trend continuation for today. Keep an eye on the price action. XAUUSD Retracement: If the price reaches the previous high of the week (PHW) and forms a triple top pattern, a potential sell opportunity...

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New York Session 1:30: Based on the screenshot, if gold respects our positions, we should be on the lookout for a potential sell opportunity. Stay vigilant and monitor the price action closely to make informed trading decisions. Remember to implement proper risk management strategies. Good luck and happy trading!

fxwithkay

At 1:30pm (GMT+1), there's a potential buy opportunity anticipated, which could result in a spike and the formation of a new high. However, keep in mind that at 3:00pm (GMT+1), there is significant news that could impact the market. You have two options: take a low-risk buy position, secure profits, and then consider the sell position, or wait until 3:00pm and...

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What I'm anticipating today: a potential BUY opportunity Based on my analysis of the chart, I'm expecting gold to decline and reach a level of 1919, forming a double bottom pattern. This presents a potential buying opportunity, aiming for last week's high at 1934. However, to manage risk, I will set my take profit (TP) level around 1926. Please note that market...

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Important NFP Update: M1 Burst Level at 1918.67 Attention traders! The M1 Burst Level for today's NFP release is set at 1918.67. If the M1 rejects this level, we may see a potential drop of 60-200 pips! On the other hand, if the M1 bursts above, it will target the key levels I mentioned earlier. Keep an eye on the H4 Key Level range of 1927.3-1927.86 and the D1...

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Today’s Prophecy: We wait New York Session No Impulse Entry Only Taking Trades from Low or High Set preferred TP or you can decide to swing till NFP

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POTENTIAL NFP MOVEMENT 5th MAY 2023 Based on the shared analysis, it is anticipated that the BUY position will be realized first and is expected to reach 2066. However, it is recommended to set a break-even point if you choose to hold on to the position until the target profit is achieved, as the price movement is anticipated to be rapid. The same approach...

fxwithkay

This is my anticipated scenario when the news is released, stay alert and be cautious in your trades, and make sure to use appropriate risk management measures.

fxwithkay

This is my anticipated scenario when the news is released, stay alert and be cautious in your trades, and make sure to use appropriate risk management measures.

fxwithkay

my focus for this week is on gold trading. I believe that gold will fall all the way to 1859.637, with a possible resistance point at 1962.6. Please do not enter until it reaches this point, unless you're scalping. For those of you looking for possible entry points, keep an eye on 1965 - 1957.5. You can set your profit targets at 20-50 pips. Let's work hard and...

fxwithkay

I believe the Euro is likely to experience a bearish trend in the near future. If it manages to break through the resistance level of 1.08163, we can anticipate a further decline towards 1.07845.

fxwithkay

Today's trading might be sluggish, but it's worth noting that gold's trajectory is currently pointing downwards. If it surpasses the 1960 threshold, there's a chance it could decline significantly to 1862. It's best to keep a close eye on the market, and if you choose to take a position, please bear in mind the associated risks.

fxwithkay

Please exercise caution when trading. We recommend setting reasonable take profit levels based on market conditions. For example, a potential SELL take profit level could be set at 1973.4 and a potential BUY take profit level could be set at 1983.5, taking into consideration factors such as market trends and volatility. It is important to also consider potential...