I can see price to start fall from weekly key level (resistance) i assume it will go back up soon to complete the retesting the weekly resistance level before we see bearish. this is my personal view.
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This is my personal view and based on my analysis and startegy, I can see price start to fall from the resistance level also BXY RSI is currently overbought on all timeframe also has many gap to cover, GJ RSI is currently overbrought as well so assume this will start to fall soon.
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EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What...
my 2nd scenario for gold, i have posted a chart with a bullish outlook as-well.
will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping.
let me know your views in the comments!
Price is at a support level (double bottom possibility) but weekly candle closure is a huge bearish candle
Descending channel towards the support level (sensitive area)
Last Daily candle closure: Bearish pin bar
Price respecting the lower trendline
descending channel on the 2nd bottom
WTI Crude is beginning to show signs of weakness after a 4 months bullrun. We see the possibility of a short term sell off to 57.40 a QP level with potential buyside liquidity. There are two potential areas of entry: 60.00 a QP level and 60.62 a OB level. Both positions targeting 57.50 with an oportunity to take some profit at 58.50.
This does not suffice as a...
We're liking the set up on AUDUSD but are also wary of price pushing a little higher and stopping us out before dropping. It's a hit and miss trade but all risk management is under control and we are currently flying in profits from our previous trades. So one more try won't hurt. Entering now at 0.77830
Starting to make lower highs and lower lows, and just broke through 200ema and used it as support before a bounce downwards, strong SHORT on the weekly!! (Can look for entries on H1/H4) BIG PIPS! This is a Swing trade.
price broke into support and I waited for a pullback into supply zone, price pulled back as expected and I again waited for a sell confirmation... Price gave us a long/strong bear candle 7/10 times price retrace before continuing in it's expected direction. I will drop down timeframe and try to catch the move.
Stops and Target are made visible in the screenshot...