Gold rose nicely yet approaching the resistance zone. Short price signals formed on 1hr, 4hr timeframe and it looks like a price signal is forming on the daily.... so I've entered on the sell-side. ATR: 14 2N: 29 ENTRY: 1352 STOP: 1381 R1: 1338 R2: 1324 R3: 1309 Hmmm... I am developing a contrarian habit because the line of least resistance on gold is up!
EURUSD is in an upward trend over the long-term, however 25-Jan-18 closed with a short price-action and placed a position on that basis. Possible error : "It's a bull market you know!" Yes, this saying rings true in this case and therefore I could be wrong and EURUSD won't drop that much, if at all. STOP: 1.2604 ENTRY : 1.2474 R1 : 1.2344 R2 :1.2214 R3 : 1.1974
Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul. This could be a short-term profit taking for some bulls. However the Long term trend is Upward with Higher-High and Higher-Low’s. Resistance zone: $1030 - 1090 Support 1: $962 Support 2: $835-840 ATR: 40 2N: 80 ENTRY: 987 STOP: 1067 P1: 947 P2: 907