This is going to be an amazing trade that could last a few days but we are in an amazing zone where the price dropped a few weeks ago and it seems to be rejecting that zone right now which is a great start and the indicators all line up to show that the drop will happen. 😊
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
- Broke through strong long term support zone
- DXY reflection
- Broke past golden ratio 61.8%
- Bearish momentum based on HH & LL
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If this one bar doesn't stop the drop,
gonna go to sleep.
Because it will be either the bulls from now on
(It's the last chance for bullish run)
the bears will drop to 6999(IMHO - possible, but unprobable) or less.
I personally believe in this soldier
and so should you(was watching closely 7200 all day - I'm telling ya - it's a TOUGH NUT, the bulls are with...
This is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00...
NZDCAD has been trading in a descending channel on the daily chart for some time.
After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support.
Price is now treating this zone as resistance and we've seen a slow down in momentum.
If price declined to the 0.89150 support we would go...
We had a nice bearish movement that broke our trend line, now we are finishing the correction to continue droping.
Let´s wait a Bearish candle on 4hr to enter Short position. We can see a double top nice and clear.
Good luck traders.
The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it...