Fundamentally Gold at 10-month low, down 5 weeks in a row. I'm following the trend for this one I would need to see bullish closes above 1180 to even consider buying. Lets see what happens after the FED rate hike too.
As we are all aware, USDJPY has defied gravity recently, and I am pretty sure a lot of people have been stopped out at various points expecting a reversal.
I am hopeful for a reversal now, however not ruling out a further stretch upwards.
the chart on the right is daily, whereas the left is H4.
On the daily chart see how the price didn't significantly break...
keeping the charts simple and clean saw this trade with AUD/USD
Analysed from monthly down to weekly chart saw that the candle bounced from the weekly resitance line which previously was a support line and headed to the downside. after the trade broke through the daily bullish trendline I waited for the candle to break a recent support line confirmed with a...
I expect a retracement on this pair to around 107.300, could go as low as 106.000. Just going to be patient and wait until this setup happens. I want a close below 109.800 for a short entry, but along with confluence for a trade to drop.
Bullish momentum should be coming to an end. wick of doji touching 20 ema, really overbought by Monday or Tuesday price should be lower sl placed near weekly high which is unlikely to be touched. 0.766 level mostly has bearish tendencies.
So I am currently learning Price Action & incorporating a strategy within my binary options demo account.
I thought no better than to share my EURUSD chart and get some comments from some experienced traders so you guys can help me out and give me some advice.
So I am expecting price to fall to either my support (@ around 1.2200) or to break from the...
Looking short on this pair, we can see some bullish movements on the smaller time frames with upside targets of 0.7500 then look for a possible short from 0.75500. We have a weekly Trend line bounce (Price Rejection). We have a possible bullish harmonic forming (if our second target has been met then the harmonic will be complete providing us with a potential long...
Nice counter trend trading opportunity here. Why?
1. We have fibonacci confluence from a previous high @ 618
2. RSI is overbought
3. ABCD completes close by
4. We are at a strong trend line support
5. We also have a diagonal trend line resistance (not currently drawn on) which would support the shorting bias.
Depending on your strategy you might require some...
We have a potential play setting up long term on Oil. On this weekly Chart you can see we are forming a nice Head and Shoulders reversal pattern on the Weekly chart and are just waiting for it to complete and breakout to the upside for confirmation.
On the break of the neckline we would be waiting for the price action to present a good entry point with the first...
The last candle still has some time to close, but based on what is now, we can see an indecision forming on area of support. USOIL dropped 3.5% today, which is a strong move, so we may look here for some short-term long positions.