After closing at high resistance area it could be possible for us to catch a few pips in this retracement- it is important to observe the weekly to avoid being caught on the wrong side of the market, to a successful week! Cheers!
from previous lows and high on the daily fib levels, we traced down to 50% from 68,1%, which is a good indication for the bullish continuation. not to set the an unrealistic take profit, just looking to make 50 pips from the trade, Entry @0.88338 , stop @0.88043 , take profit @0.90000
Based of previous levels I believe this will be the first time gold closes at such a high, I’m going short but its not long term. Targeting low of 2090 nothing too big
Looking at short after the rally from last Friday, not saying the bull run is over but we are sure to see bears eat a little but. Entries below 2082 and target 2059, risk is always 1%
Looking to buy gold up to 2059 before bears really step in, but cautious as its aa Friday of a new month
We need to grab liquidity for the shorts, looking at highs of 2040 and sells to get triggered at 2041.8
After a whole two months of shorts, we finally reached a supply zone. Hopefully the fundamentals will fall in line with the technical.
My thoughts on this is that we get positive feedback on the 21 February after FOMC speech then we can decided in either shorting or going long. the best step is always waiting to trade after news results.
While we have a consolidation on Nasdaq one can always catch small move, using support and resistance we sell high. This is just a trade idea, there is no 100% winning strategy and always use a stop. That's it from my side cheers to a profitable week.
A resistance area has formed around 1.09133, looking to short around the.
Using price action we clearly see, the bulls are still in control the liquidity grab is in progress. this what expect to happen before the New York session open.
Since we had a break of structure I’m expecting price to test and grab liquidity at @0.89000 then we’ll be off to the bull rally
Heading over to the new month i believe Nasdaq is about to change character, but before we get ready for long term buys i'm looking at correction before we head to 13000s . It's the first week of the month so trade carefully
We just hit 61.8 mark on FIB so looking to for some good profits on this one
I'm expecting nasdaq to correct from that impulsive bullish trend. To also test previous consolidation.
AFter the break of the previous day candle im looking forward to a continuation in a bullish trend. Let's see wha the NFP week has in store for us.