This is what we are looking at today, please note that we will not buy on the way up to our resistance zone... We will wait for price to get to this level an test the trend line before we send out a sell signal to our clients.
If you have no patients the market WILL f@uck you.
Not much to say on it yet however if today candle closes above 1400 then expect a continuation to 1450. This convinces me that gold is planning to go on a long up-rise due to the gradient its showing so far. May see bulls getting exhausted and letting bears take the lead sometime in the future but gold is possibly aiming to set a record high. A few fundamentals...
The exchange rate has entered a correction phase. Therefore a correction wave is expected. This wave should be used for long-distance entry. The analysis shows that the exchange rate creates a fractal movement. Its size is similar to the size of the 1st fractal. Therefore, we can use this target price. And it can be seen that the exchange rate started to rise in...
Third touch of the trendline
Fib golden pocket (61.8 - 71%)
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future...
GBPUSD is back at the 1.2750 resistance zone which has shown a lot of action on the 4hr timeframe recently.
I am shorting this fx pair here with the hopes it makes its way down to the 1.25 support zone.
Look at the Chart price and the volume;
it may look like the price is trending ,in reality price move is not sustaining there as the volumes are getting low at this point.
Find the various charts ,i feel this will go down.
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is...
We are looking at the setup on Euro versus US dollar with the pair having run up over 200 pips since last Tuesday and now looking overbought short term as it reaches resistance levels just short of 1.14. We are therefore looking for Euro to pull back lower and retest support levels in low 1.13 area
We have highlighted both overbought levels...