Bears have established their position in this market, with market structure being broken by breaking lows.
We are now at an area of major support as mentioned in my last GBPUSD post this could now give the pair the bullish strength it needs to rally to 1.24200 to give us a short trade.
We could however break this support level which would leave us on the...
It took gold 2 days to overpower the selling pressure at 1520 level and now gunning for the second hurdle located from the current price level to 1547. If the bulls are able to demolish all bears at these levels, then gold is more likely to create another high. With that, the precious metal could be eyeing to equal 2012 high at around 1800...
The uptrend going on with GBPUSD likely to witness loss of momentum for some few days until a clear path is determined for the weekly. Last week candlestick ended with indecision and the week's high or low will be tested next week in order for market to know a possible direction. As the bias is towards long trade, a re-test of last week low is more likely for...
Things are looking good for the UK as the both the UK and EU are finally closing in on a draft deal. Are they coming to the realisation that they have to come to a deal?
We have broken 1.26652 confirming bulls.
Major support 1.26652 - 1.26500
There is still an option of the minimum updating (808000) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 957000-level . As for the local situation the past forecast is staying
There is still an option of the minimum updating (7500) in BTC , but the main variant of developments that we see is a formed correction as
three triples originated from 26/06/2019. Confirmation of our expectations will be the price departure above the 8900-level . As for the local situation the past forecast is staying
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As it can be seen gold is still bouncing between the key levels of 1508.7-1503.8. The way i see this going is another downwards movement to hopefully around 1450. This would be a perfect area to place the trade as its currently at the 61.8 fib area and has rejected 1508 area frequently. Another key factor is the EMA 200 on the 4h chart is nearly touching this...
EURCAD - Short
Entering short because of the consolidation.
i have entered short now for reasons such as
>it doesn't seem to be able to make HH's
>Daily TF we are down trending
Will be entering again once there is a breakout candle to the downside.
Any questions feel free to ask
The only time I love trading breakout is during news releases. One of such will likely present itself later today during FOMC meeting minutes release later today. With AUDUSD showing a falling wedge on H4, a long trade at 0.67426 could land a quick pips