ruanimmelman
Went short on USDZAR. We can see the downward trendline being respected and have yet to be broken so more bearish momentum is expected. We have also reached a nice zone of support and resistance to set up the sell. Once again, only risk what you are comfortable with as no trade is certain. Good luck! :)
Broken trendline on the 1h timeframe. Also reached an important resistance level. Finally we can see a good candle close indicating some selling pressure. I have opened a trade, will update as we go along. Good luck!
Looking good for a sell. Please use proper risk management. Good luck :)
Back again with another sell on GOLD. We have multiple signals telling us that price has the potential to go down. Fib level, trendline, resistance. As always, please use them risk management fam.
Gold failed to break the 1450 mark which has formed our support base for the trade. I am entering a long trade with a good RR ratio. PLEASE use proper risk management since we are in an extremely volatile state.
Price is looking like it has some downside potential. The bull spike from yesterday was due to the US Fed decreasing the interest rates. I think Gold will continue it's bearish run since all the noise from yesterday should have settled. Always remember to have a stop loss in place and try not to risk more than 2% per trade. Good luck!
Opening a short position on Gold. Use proper risk management if taking any positions. It's very volatile due to the Corona Virus threat.
Triple bottom formed. Broke trendline and retesting. Bounced off the 61.8 fib. Plan: I will be waiting for the daily close and entering a long after. 1% Risk. Good Luck!
Broke and retest of trendline on the daily chart. Purely technical. Let's hope Korea does not fire any more missiles. :)
Price is in range of a sell. It is supported by resistance and Fib level.
Price reached strong resistance level. Expecting price to respect resistance and go down to the 1196 level.