this is for my practice only. I will be watching this pair carefully and see how it will move
I have seen a divergent on W1, D1 and a clear falling wedge pattern on H4. all these collided with the major support level @ 0.82511. However, the market may reach up to 0.82011 level, a liquidity grap area to stop out more SL before major shift in the trend direction. my main bias for this pair EURGBP is to the up side only for the next coming...
We shall have a deep pullback in DXY Rest and let the market work the work
BUY : Entry: 189.000 SL: 187.149 TP: 197.019 Rest and let the market work for you!!!
BUY : Entry: 189.000 SL: 187.149 TP: 197.019 Rest and let the market work for you!!!
I will wait the market to entre into the demand zone and then look for a buy setup
Gold has seen a falling knife this week . we managed to reach the expected level. next week dollar may see a slight weakness resulting into a PB but later in the week dollar will gain more strength. therefore we shall see a PB to (OB) int the chart of gold followed by sharp downward move to below 1900.
AUDNZD is shifting the momentum. my target is set at the supply area. I hope it will reach the projected TP
1930 was a nice level. price bounce off it multiple times. For me Gold is prisoned inside a wagde (1970-1930). I see liquidity around these area. i will wait for the price to retrace upward 1965.30 to short it again with a target arounf 1929.80
Last week was an expected week. And dxy lost infront of GBP,EUR,CHF,NZD,CAD. We expect more weakness in the dollar strength by the beginning of the week. waiting for the price to hit 101.531 to entre buy position. until then see you
this week GBP has shown a lot of strength after the release of positive data on tuesday. we expect GBPJPY to extend its move to retest the resistnce @188.922 the high of 15 nov 2015. I will be bullish on this pair unitl the we reach the montioned level for now. this may take us some good couple of weeks to reach.
We are near a supply & demand area where high volatility is likely to oil shrink to 50 again. And if possibly we might see the psychological support @ 42.5.
The pair has formed a double top on the daily time frame near the upper channel. MACD-H Shows weakness of the bulls at the right side. this confluence a bullish divergence.Price pulled back @ 61.8 % feb on the 4H TF the last three bars failed to break above the 61.8 resulting a formation of long wicks and had made a lower low highs indicating the weakness of...