If I can see price break above 1.21922 I will be interested in watching for a retracement and then a rally upwards of the 1.22600 levels
I am waiting for Gold to rise to the supply level shown around 1841 zone, and then prepare for price to melt and break structure to the downside. I am using technicals as well as price action to form my trade idea as well as following my trading plan. I do have an alert set to see when price gets above 1842.19 area because this is where I will be looking for...
Gold is looking like a short. My idea is based on technicals. It's just an idea, have fun not regrets. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.
Target area is 14132 I am looking for a short-term push to the upside with strong momentum during London session or perhaps even New York opening. My longer time frame bias is set at a sell for next week. Based on my technical analysis, I would be interested in seeing NAS 100 trend in the opposite direction for quite some time next week. However, currently I see a...
1.28250 is the area that I am interested in looking for longs for cable GBP/USD. My analysis is based off of divergence, technical analysis and understanding institutional concepts. I believe that the price wants to rise higher and needs a point from where it can gain momentum to get there. So, from what I can see on a smaller timeframe, it may be likely that this...
Based on technical analysis, it seems that AJ is weakening and will correct imbalances below around the 92.500 level. Anything can happen. Let's wait and see. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and...
1950.50 level is a target. Price action suggests higher highs and higher lows on a short term move on Gold. I would be interested in seeing gold rise in price this week to at least the 1950.50 area after the April fools drop at the beginning of the month.
Inverted head and shoulder pattern. Gold buy and targeting 1909.75 and stop is at 1768.81 Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts
Based on several confluences, AJ seems to be in a short term buy right before a long-term sell. I am anticipating a rise of 20 pips from current price 81.462 upwards towards the 81.486 level and then a steep drop to test lower level price averages and liquidity grab.
If price drops below 33029.00 I would be interested in selling. In this event, price would lose all respect for the previous resistance turned support idea. It would definitely be indicative of the bank's intention of filling in a previous wick. A bull trendline would be broken if price reaches this point and a new bearish trend would be in the making. I...
I am currently watching gold as it unfolds this week. This week will most likely be a slow moving one as we prepare for the holidays coming up, however; I am anticipating a downward spike preceding a rise to previous structure and finally a fall to the level of 1775.00 News this week heavily involves EUR, GBP, NZD, and USD. Looking for FOMC to make significant...
Dollar index to fall to 88.27? According to reuters.com, after a recent release of GDP data, it seems that the dollar index is at a slow pace after this previous quarter, which may possibly be a result of trade tensions. **Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment...
Signs could be telling us that the dollar is weakening. **Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.
Nice head and shoulder pattern has shown itself to be reliable for this pair in the recent past price action. Now we are approaching what seems to be a key level of support. Buyers may be trapped here due to the repetitive previous behavior. Expectation is that a bounce will occur but I beg to differ. My anticipation is that a Sunday gap may occur to the downside...
Watching this pair closely to see if a rise in price will manifest within the upcoming weeks. If price decides to reach the 78.500 range I will be more interested in looking for some sell setups for a nice drop to the downside. Target on the fall is around 72.250. Paying special attention to any chart pattern and subtle clues during top down analysis....
This analysis is mostly based on pattern recognition and it looks like there is some bad news coming in for this Euro pair. Although we do have a lot of medium to high impact news forthcoming this week as we creep into May, most are looking at a consensus of shrinkage regarding the Euro against the Dollar. I am looking forward to see if this pair can reach back up...
EUR USD pair may be rising to the occasion this year preparing for the big drop in the next few years. Harmonic spotted and anticipating that anything can happen at this point. Price action suggests a current downtrend, but as we know the market needs to be corrected before she can resume her usual trend. I believe that we ARE indeed in this correction phase,...
Double top evident. Looking for a selling opportunity at the break of the bullish trendline and retest. Short for now but looking to go long later. Time will tell. Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management...