transformfx_trading

transformfx_trading

based off of last weeks gold analysis, price hit out target area for a successful trade. further market fear regarding russia ukraine war helped fuel the price to pump up.

transformfx_trading Updated 

expect buys if more fear and uncertainty is brought up within the russian and ukraine war tensions. otherwise we can expect a correction of the whole upside move to the left if no new fear is brought to the markets.

transformfx_trading

based off of current market fear due russian/ukraine war, the safe bias overall for gold would be buys as gold is a safe haven during times of uncertainity. we are currently waiting for price to make a pullback to better zones and areas of interest for better buy trades.

transformfx_trading

based off of previous gold trade idea, the buys idea played out as price broke above the trendline and key price level and we also had new fear news regarding russia and ukraine war which further helped push the price up. like and comment

transformfx_trading Updated 

if 1897 level is broken to the upside i would be more in favour of buys and looking at pullbacks for entrys. would look for sells if 1893 support is broken.

transformfx_trading

historical repetiton analysis for gj, potential to repeat same market strucutre pattern as before and if minor support/order block high is broken to downside, longterm we can see price reach 149.000

transformfx_trading

as we can see, gold has respected 1888 lvl and bounced off to the upside hence 1888 a minor support lvl htf gold reaching a historical high zone, we can expect sells at 1897 level if there are clean bearish candle closes below the level. safer sells would be the break of 1883 and 1876. keep in mind things can change drastically as gold is a safe haven for...

transformfx_trading

price reaching the bottom of the range potential buys only if there are solid bullish candle closed around the support rejection area.

transformfx_trading

we can look to either trade the trend if it respects and targetting the resistance at 157.000 or look for sells with break and restest below the trendline

transformfx_trading

reasons for todays ny session gold trade are: 1)overall market in bullish market structure 2)inflation still high= safe haven for investors 3)current war tensions still high between russia an ukrain causing fear in the markets. 4)market make a correction to generate further liquidity before pushing up again 5)restest of new support area

transformfx_trading

As we can see gbpjpy is rejecting the 158.000 level, which is a major level. We will be watching around this level to see wether or not price will break this level. A somewhat significant catalyst would be required if price was to break this area.

transformfx_trading

GOLD rapid upside move of about 140pips was caused by news. Ukrain military saying that russian occupying forces have fired on village in luhansk region, therefor bringing more markets fear.

transformfx_trading

we can see that the US dollar index yet again had another 2 consecutive bearish days which was caused by the increase in war tensions between russain and ukrain. for now, we can only wait and see what happens between russian and ukrain to further understand if investors will put money into the DXY again.

transformfx_trading

1) we can see that gold had its initial upside move which was primarily caused by the war tensions between russian and ukrain, and putin planning on invading ukrain. This therefor brought fear in the markets causing investors to pull money out of other assets classes and putting it into the safe haven gold 2)gold had a bearish move as putin said it would withdraw...

transformfx_trading Updated 

potential buys, if 1857 is broken to the upside with a solid bullish candle close. stops can be placed around 1856.300 level becuase if price breaks back down then it can continue to be in the much larger range area. if buys play out, there is potential for price to go bullish as there is clean zone covering the whole bearish move from yesterdays london/ny...

transformfx_trading Updated 

potential upside move on gold to correct its bearish move which was caused by russia withdrawing its troops from ukrain, this is therefor positive news for investors as there is reduced fear within the markets hence investors pulling money out of gold . the gold upside bias would be deemed invalid if further more positive news is released reducing war tensions...

transformfx_trading

GJ buys long term. UK equities still strong. Break of the 4hr trendline and after its double bottom. potential for price to go to its previous high. watch for break of resistance for buys confirmations.

transformfx_trading

btc shorts idea if trendline is broken . . . . . . .