The us30 has been consolodating in this region for weeks now and what appears to be a fakeout from yesterday could help bring this lower. Looking for a break of 26000 on the 4 hour for this to continue moving further down
From my bullish bias for EN, an ideal entry and position
I see weakness for the australian dollar coming soon, As lng as price doesn't break above current resistance a large selloff is due
What I see for EN the following weeks. The double bottom has held for a few days and I anticapte a pusp up to come. Depending on how momentum follows, the targets could be met.
Daily and 4 hour has bullish structure. It's possible it could retrace a bit more before going long but it's hell this support after breaking it as resistance.
Gold Is at highs high and a possible sell off can happen at this level as it did previously. Breakeven to minimise losses since it's counter trend trading
From my previous us30 idea, I still firm my bearish bias on it. The moves up have all been limited recently and 4 hour close below the green zone will give this the strength to break through the support created from the past weeks and head even lower with a lot of room to fall
Anywhere from 300 pips, to 700 pips or even 1000+. 90% confident of this move to come. The weekly and daily candles are indiciating bulls to take this higher and the 4 hours have formed a support.
Pending a breakout of the current 4 hour consolodation to the upside
I see bearish movement for gold coming today, the 4 hours have slowed down quite a lot and there is a potential big drop coming
Tight stop again for the high rr. It's possible for the daily candle for gu to recover
You will see the power of rr. Only takes 30 pips to come out even after 2 losses. With how much potential pips to be gained on a trade like this, 100 pips would bring the 3 trades net a 1 to 4 for example
Agressive entry with tight stop again, the rr pays off.
tight stop. high rr. 1 hour lower high confirmation
High risk to reward, breakeven to ensure you dont take a loss
The market is currently stuck so using breakevens is the best way to avoid unnecessary losses. Let's see what happens, I still firm my bearish stance until gold breaks above. A daily close below 1680 will ensure a bigger drop to commence