The price is seems to retracing after a strong uptrend. In this chart i present you a possible "reverse head-shoulders" formation, with many chances of profit if it is comfirmed. Please like is you find it usefull for your trading strategy. Thank you very much.
Arrived at 1,095. Now a bearish reversal is possible to close the gap.
In history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups: 1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend. 2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and...
As long as previous high - 1263.75 holds, we may say that Gold is still correcting down. Hence, we sell. We may see price reach 1183 - 1180 area, our target for profit taking. Happy trading everyone!
Gold almost touched our target at 1193, managing to bottom around 1194 area. Looks like trend is going up already. Happy trading everyone!
Gold might retrace first before uptrend resumes.
Price action shows sideways movement. Price may reach 0.7520 before uptrend resumes.
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
Technically speaking Found resistance at 1.44 My first target on the downside is 1.41. I am holding a long EUR/JPY position and have around 200 pips locked in. So this EUR/CAD short is a hedge(somewhat) against my long but I didn't take the trade for that reason. If you like newsletters, trade ideas, and good investing stories, sign up below for my...
The 1.43-4360 level has provided resistance going back to the first of December 2016. I am looking at the 2 and 4 hour time frames for favorable price action. If the 1.43 level holds the upside, I am looking at 1.41 as the first level of support.
Previous hasn't been broken yet. A bounce towards 84 area is a good one.
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again. Happy trading everyone!
USDJPY being bearish for a limited time.
LONG ABOVE $95.31
Price action is following structure. Both rallies up from the initial swing low have been equal in length. We're likely to see a re-test of previous highs which is in line with current structure. Price is likely to reverse in the blue box from 6779 down to 6735. Potential trade set up for a buy at 6735 is a 1.62% ratio trade with stops at 6599 and take profit at 6954.
Simple scalping should work best in current market conditions. EURUSD specifically due to the current political and economic climate is set to have the largest opportunities for short term scalping from all major asset pairs. If you are tired of not gaining the results you need get in touch - Investment management for profit is what we do.
following a break and close below a near term trend line A close below 0.97790 on the 4 hour chart could lead us down to 0.96800.