Looking nice here, we have a nice BOS now with some good mometum on the LTF, for a risk free trade as 5% has been banked from my previous call and 5% is still running, will update to see how price plays out
Yesterday the price of gold came to the resistance line 1734.61 and reversed in the fall. Therefore, I am forced to adjust my previous forecast. I also expect that the price will continue to rise, but before that it should work out corrections to the support zone.
Let me remind you that the price is in a long falling channel that formed in August 2020. In the...
multiple points of confluence to short usdchf:
weekly over extended
daily over extended (target points taken)
therefore expect a pullback
h4 trend change to go with our sell bias
just waiting on an entry signal now in h4
thank you very much guys - jordan - safe trade academy
I really like how EURUSD reacted to this falling trend line on 4H.
With such a strong bullish engulfing candle, chances are high that we will see a bullish continuation on Monday.
Next goal for buyers is 1.218 (current local high)