Gold is moving in a choppy trend since the end of last month . a buy signal will be given after the price takes a retracement to 1920 or 1910. Target price is 1930. The market is choppy and there is currently no trend. On all time frames the price is sideways between 1910-1930.Currently the short trend is stronger and a short position can be taken above 1930 after...
we just broke above a wedge, and a decline trend also. take this trade asap and tank me later
After successfully testing 8.40 region it is gathering strength to make another leg up where it will target 13$ area but before that it have to deal with the 200D EMA which can challenge it further. Currently its in a good buying zone but trade from this point will not lead directly to 13$ it might remain in range for few days.
eurcad is still moving down, but I see there is a decent supply area, this area is quite far away but it's okay to put a sell there maybe one day it will be taken haha sell limit 1.42030 - 1.42330
eurjpy has been in the resistance area on the right shoulder at the price on the left, this is validated by the doji candlestick so eurjpy has the potential to decline quite well
I see a good area of support and resistance to place a position, I think the 1.24 point is a good point. it looks like a 1:4 risk reward is enough risk reward to get a profit. don't forget to re-analyze because this technique is still trial and error
EUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge. This is worth looking into as well. A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.
If the 1.1020 resistance failed to push the price back inside the triangle. EUR/USD bullish break out is a possibility, and it worth anticipating for!
The GBP/USD is in a descending channel which could mean bearish trend exhaustion. Arrows 1, 3, and 4 show a potential bullish run. Moreover, before a long position could be confirmed, the price would have to break out the upper channel (trendline) and probably retest the Arrow 3 support at 1.3090 and use the 200 SMA as support as well. If any of that did not...
I see that there is a tendency to increase prices like what I analyzed yesterday, I see a low risk area with a pretty good entry point, whether it works or not, but I think it's worth a try I will research this technique further to get a good risk reward and those of you who read this analysis will be living witnesses of my trading technique
I see an opportunity for shiba for now, on the chart that I have drawn it appears that shiba has the potential to increase with several areas I will write that this demand area 0.000027 - 0.000029 supply area 0.000037-0.000039 supply area 2 0.000053 - 0.0000055
eurusd has potential for a momentary correction and continue its journey. the lowest risk area for intraday buy is 1.1069 - 1.1058 and the sell area is 1.117-1.118
I believe this would be a great setup if we reach and reverse from the top of the channel with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
Make sure to watch the video until the end to find out when would be a good time to open a position on GOLD. I'm also sharing the SL levels that I will potentially use and also where am I expecting for price to go next. Leave a comment, give us a like and follow us to see more trading opportunities in the future.
With most DXY pairs in retrace mode this week I am more comfortable trading usual pairs like EURAUD for now and we've got a perfect entry here at the support of the channel and the stochastics which have been pretty profitable recently are back in overbought area. Let me know what you think in the comments
with DXY gaining some strength this is a perfect setup or area to short this pair. Please let me know what you think in the comments and leave a like
according to the stochastic the pair is currently oversold, and we are also at support so this would be a perfect area to go long. Please let me know what you think in the comments especially if you are aware of some fundamentals that could support or go against the idea
We have strong reversals on both AU and DXY and we are bullish on most AUD pairs, stochastics are bullish, pair bounced right off on the 200EMA and the 4hr ascending channel is holding properly