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Here we can see i think price will bounce in-between support, resistance and trendlines, the direction can be seen on my chart.
I will be setting some orders to catch these moves and not just jumping in a trade at market open, if you run round like a headless chicken in the markets you...
Price is going to get a sexual harassment case against it if it keeps touching this support zone, so my advise is stop it and shoot up (not drugs) like you want too.
I am overall bullish on gold and i am looking for that 3rd trendline touch to come and act as the springboard to send price to the moon (even though the space is 1 massive con)
I work on the 3rd...
Taking a look at this chart you can see that we have 2 trendlines and the 3rd touch on both line up perfectly, these also line up with strong support so this is a strong BUY signal that can be taken with a tight stop loss.
It is not very often you get 3 confluences that line up as perfectly as this, so when you do grab the opportunity with both hands.
There is alot going on in this chart, but the more info i can put on it the better you will understand.
So basically i am going short on this pairing with more bearish price to come this coming week, this will be held as a swing trade with a target of 200-300 pips.
If you want free signals and analysis then just message me on telegram.
Similar to CADJPY, we could experience short term bullish moves at least the the high/beginning of structure. Price is pressuring the top of a descending channel which we could see broken in the next few hours.
Now that we have come up to the 0.70 level after riding a huge bullish wave we can expect some sort of pullback. I would like to see previous resistance turned support broken and then dive into the lower timeframes to find an entry down to the ascending trendline around the 0.382 retracement. If we don't get this set-up then we will remain patient and allow the...