On the 8 hour chart we have come to the resistance, however we do not have any buy trigger yet. Keep an eye on EURUSD on lower time frames for bounce from this level during London open since we might trigger a buy entry. RSI is in bulls favor.
What do you think ? Will it bounce or fall due to fundamentals?
So if gold breaks the red trendline, breaks and retest the $1914 level, I would be comfortable going in long. However, Right now I rather not FOMO and stick to the plan.
Do you think we gonna break the red trend line soon?
Its seems like next level of support is at 89.47, with RSI being oversold in most time frames I guess we might see a small bounce up to the trendline. Am I right or wrong, what is your analysis ?
Here is a well defined risk to reward ratio, Walmart has been doing great with holding the trendline and the upside is healthy.
with more covid-cases I can see their online sales getting another boost.
So what do you think? is it a good set up for entry ?
we have almost reached the bottom trend line (green) , and have broken the (red) trend line and we are holding pretty good and had EMA cross overs (15 and 30 min) . I like the risk to reward.
What do other traders feel about this ?
