GA has been printing higher highs on the higher timeframes. This current demand zone could be what creates the new higher low for potential bullish run.
AUD has been strengthening across the board but its trade worth taking.
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(longterm) find entry on 4hr after signal shown on retracement line.
(late entry) after neckline as principle states but "F" that if you know yourself., tp could be before resistance line for safety or P.A and watch. if price is in that area at or near end of week , take profits and watch for break following week or so
Tonnes of confluence on the weekly chart for Gold to bounce off at 1358 as shown in the chart.
1. SMA support
2. 50% fib support
3. Descending Channel Support
4. Ascending trendline Support
Until then, I will be shorting it any opportunity I get! Will play the ranges in the descending channel.
With all the charts I see on trading view very few people are planning well into the future or even looking at charts on larger time frames.
I wanted to share with you my thoughts for bitcoin and the future of crypto in general to give new traders a better understanding bitcoin in general.
The bitcoin network just reached 100 100-quintillion hashes and is...
ON WEEKLY SPINNING TOP HAS FORMED , on daily long legged dojis have been engulfed by the red , bear in mind end of the week slows momentum , but is it a coincidence that is it right at a strong resistance level , ALWAYS LOOK LEFT , LOOK LEFT!!! if price was to break below my support line at the opening of the markets and sustained a downward motion by tuesday or...
Resistance and the latest breakout indicates one the 1M timeframe it's time to sell XAUUSD via the 1 MONTH Timeframe i have postioned the take profit just above the underlying support line just incase the exit isn't completely performed so if respected you'll be out just a tiny bit of profit short for a secure exit good for set and forget...
We may have a short consolidation period whilst we wait for the SMA's to complete their moves, however downside seems to be present for this pair on a mid to long term basis based off of the death cross beginning to form on the daily time frame between the 50 and 100 SMA's.
Further we have a clear rejection on the fibonacci retracement scale, acting as...
I’m in a BUY on GBPJPY, reason for this is simply because it’s at the support and is struggling to go any lower at this point... I believe it will go all the way up to its resistance if not higher over the next week or two! Trade smart and good luck!
- Price is near a great supportive zone
- We have a falling wedge pattern that we can get a long position, any time after the break of upper trend line
- The chart is in Log Scale
- Take Profit 1 = 0.0004
- Take Profit 2 = 0.0008
- Take Profit 3 = 0.0014