That was a spectacular drive by the bulls yesterday. I lost a manual sell order and have a long term buy in that is currently 133 pips in profit at the time of writing this tutorial. So let me get down to the key points on the table for gold, # Price is trending bullish so buying is favorable # Price broke out of a falling wedge pattern to the up side (bullish...
Purple arrows = resistance Orange arrows = support You can see where price has been respecting our zone as support and resistance... its that's time again, price is currently in our zone so we are expecting a bounce and some movement to the upside to end the week with a strong push... Lets make that money for a Saturday night out on the town ;p CHAMPAGNE ANYONE?...
As you can see from our arrows on the 4h chart that price has touched 1.28802 a number of 17 times just in this chart, this is classed as strong resistance and not to be ignored. The current 4h candle that is forming is hovering around this resistance level at the moment and has already touched this level and retraced a little, this gives us an indication that it...
Daddy has been doing this for a while, you can trust me. I haven't completely left forex or anything, I just had to lose my entire life savings in cryptocurrency in order to realize there is no gateway to heaven for an extended amount of time. When crypto opens those legs again I will be there <3 In the meantime GJ is looking too good for me to miss out. If we...
On the daily timeframe, price reversed from a weekly resistance (also neckline of higher timeframe H&S pattern) that lined up with the 3rd rejection of descending trend line and broke out of an ascending trendline. Currently, the price is making a pullback to retest the broken ascending trend line which also lined up with minor resistance zone, 50.0 Fib ratio,...
This is an update on previous GBPAUD post. Now the price has broken the CTL and also retested the local S/R level before the breakout. Now, we are just waiting for this pair to plummet. Trade responsibly. Follow @TheKissForex on Instagram for more Forex trading tips.
Trade War or Free Trade? The EU and Japan confirmed on Tuesday (17th July), the largest Bilateral Free Trade Agreement ever, with the new deal covering almost a third of global trade and influencing the lives of over 600 million people. How will this affect the volatility of the EURJPY? Will the Bank of Japan stimulus policy drive volatility? The 10 year Bond...
USDCAD has broken both uptrend lines and we have some solid bearish candle formations on the higher time frame. A sell limit was also tossed in the telegram which has been activated. The trade taken is the setup on this chart
Hey Traders :) We think that EURUSD pullback to the last ascending trendline. If not there is a good possibility for a long setup !