Buy at 72.65
The medium term bias remains bullish
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
Bespoke support is located at 72.65
Further upside is expected although we prefer to buy into dips close to the 72.65 level
Expect trading to remain mixed and volatile
This analysis an work is copyrighted to us again,
We can see that we will burst up in accordance to the larger degree, and also the smaller degree and we line up minutte and majors.
Now we wait deep in profit and allow the market to do the rest of its thing
We have fulfilled another touch of the bottom trend line on the 4h of the triangle completing the abcd, now we can look for the buy out the triangle as we get FOMC next week.
On worst case we could see a little fakey outside it but we feel very confident of the rise of gold and fall of dollar the next few weeks.
Over 600 pips on 3 positions with this trade. Hope you're all enjoying the money!
Told you the double bottom was coming weeks ago, we gave you the sweet spot and ! Magic.
If you haven't already joined our community this is the kind of thing you have missed out on.
Worth the wait.
Still going on for more.
trade is flying, we told you the double bottom was coming way before it did, we also gave you the spot to get in now you will be swimming in profits.
All our members are benefiting from this trade right now as we await our next move - again our members know what we think.
What do you think is going to going to happen?
Let us know in the comments:
Here we can see usdchf has fell beautifully into our targets.
We have now approached an area of interest, what do you think will happen here?
Do we keep falling? Do we pull back then fall? or do we now change trend back to up?
Let us know what you think in the comments!
Our members know what we think. If you haven't already join our free education group on...
So we pay close attention to detail and we have been monitoring gold within the long staggering cycle of following the falling wedge pattern on the higher time frame.
We have had a long move to the downside, where we look to now fulfill the break of the wedge as it has pro longed a 3 wave move corrective.
We are now looking at it coming into confluence with...
No point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now.
Updates to follow.
Expect bitcoin to come back to trend line before continuing it's rise up.
Longer stop loss is required while bitcoin is in volatile mode this will ensure your stops are not hit before the re-swing.
Expected down target ( $10k - $10300 Range) If holding here good chance it will rise again.
Lower Estimate ( $9500 - $9800 Range)
Expected Bounce Zone $10377
The price of crude has been under immense pressure since Trump announced fresh tariffs on Chinese imports leading to the U.S. oil benchmark suffering its biggest one-day fall in more than four years. Drop has caused Oil to reach 4hr TL at which there seems to be some resistance.. Upside potential labelled on chart, however should Oil continue to drop could see a...