Short Opportunity - Read description. Quite straightforward, targeting the demand zone at 1.2056 area. May go down further but will be looking to take most profits at 1.2056 region. Could get close to the major 1.20 support level.
TRADE IDEA --- NOT AN INVESTMENT OPPORTUNITY
SO.... were approaching the edge of our year strong channel, where gold will face critical resistance. I personally see gold rejecting off in the next few week, but eventually breaking through, as any idea of US exceptionalism fades away, and the dollar continues to fall. Gold to $2000 by the end of the year???
Recently broken out of the strong support and resistance zone.
Restested to the support line which may have become resistance.
Looking to continue to move bearish in the coming week
However, due to prices being in no mans land we cannot give precise targets.
ADA has had an amazing run current price ATH $2.47
Right now we see the MACD average a slight underturn but the Scholastic RSI shows that ADA could reach $2.4 in the next target soon up to $2.5
In this short trade idea
Entry 2.22. TP 1 $2.4
Entry 2.22 TP 2 $2.5
Please see previous video about DXY and Fibre.
This one is just an update to that. Market is still looking good long term even though this week showed dollar strength. But on HTF it was just a little bump to 78s
The price is holding the position where we left it yesterday.
After the rise from the 1.170 support (after the third wave of the collapse), the price rose to the resistance line.
It bounced off the resistance at 1.214.
But after the rollback, 1.218 was fixed on...
At the beginning of the week, the price bounced off the February 2020 resistance line at 1.218 and began to fall, which we had been waiting for. During this fall, it was able to break through the January 2021 resistance line at 1.212. And now it has corrected to the line to fix itself before continuing the fall. I expect Chena to continue to fall. So my final...
This is a simple structure level situation. It's at what seems to be a resistance area. There are no predictions here.
It's this simple: if you can't lose stay out.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of...
Following my DT entry yesterday, we have since violated the initial test but have not been stopped out.
Now we are setting up for a high probability Ascending channel. As long as your stops have enough breathing room from the DT entry, you still have a great shot at snagging those profits.
The price started to fall, as I said yesterday.
The price reversed at the resistance 1.217.
The fall has begun.
I expect the fall to continue as this resistance line has existed since February 2020.
Also last week the price was already starting to fall.
But then it...