NZDCAD M15 - Simple break and retest of this M15 trendline would then set us up nicely for these shorts down to 0.87200 support. Lets see if this 0.88 resistance handle holds and rejects.
Gold is Bearish - We look to Sell a break of 1706.50
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ We have a 50% Fibonacci pullback level of 1717.41 from 1745.35 to 1689.46.
▪️ Selling posted close to the previous high of 1721.87.
▪️ A break of 1706.90 is needed to confirm follow through negative momentum.
Stop: ...
Gold is Bearish - We look to Sell at 1746.70
▪️ Trading within a Corrective Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1746.28 from 1754.16 to 1717.35.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
EURAUD H1 - Looking for a retest of this trendline and breakout zone intersection, this could be a good place to take shorts. Markets have started to wake up, but as mentioned, not a great deal of data during this next session overlap. Markets spiced up a little on risk headlines. But that may be shorts lived.
You can see the last resistance area already broken and now GOLD consolidating the 1730 zone.It might retest the previous resistance level which now convert to support area which is around 1720 zones.
I am waiting to see more upper level than i will go for long.
What you guys thinking about gold?
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Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...
Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...
You may want to short it later. Yellow zone is our desired entry!
Wait for the maximum pain for the retail trader.
See also my other analysis about crypto:
Here is an in-depth analysis of what to expect for bitcoins run up in to the end of 2020. Using Backtested Extrapolations of very key points in Bitcoins recent history I have been able to define a path way of which bitcoin has been following thus far to a "T".
Being that the bull runs will become more elongated each time we have one, we are looking at a double...
USDCHF is now trading at trendline and horizontal resistance after the midterm uptrend. The pair appears bullish around this area so we will wait to see a rejection of this level before looking for short entries.
CHFJPY has pulled back to the lower boundary of its recent 4 hr range as it continues to trade within this wedge pattern. The pair trades at horizontal support and bollinger band support and has displayed bullish price action around this area.
