The trader sentiment for gold is pretty bearish after last Friday. To me this sounds like a perfect opportunity to trap some bears. In my opinion gold is still bullish as can be seen in my previous gold chart. Trade safe everyone
As looking at the double roof on the TVC:DXY Week chart, price action did not drop the 93 level, therefore price went once again up, this is the main reason why I think price will drop (long way down) to the 75 support level. This will affect all TVC:DXY pairs! Please wait for MACD (3,10,16,CLS) divergence confirmation!
Looking at a double bottom on the USD JPY. If it completes, I will be looking for an uptrend into the D completion zone. I will wait for there to be some sort of reversal sign in that area. But i will take profits right at the D extension. 60 pip stop loss. 550 reward is a pretty nice ratio. I will wait for monday to trap sellers and then take a position. ...
FX:EURUSD If you are following to me and you anticipate this movement. If short now I recommend take a part of profits now and the rest on target 2.
Red for short position Green for long position Directive of the market is clearly bearish. Price could draw a market trap on the last minimum but price has to break dynamic rank for a long position. I think the greatest potential is bearish
Suddenly we're now above the major resistance of 0.7385. At least to me this was quite unexpected, since I somehow fixed my mind on a possible move to the downside. But I should have been more careful and should have noticed these two things: 1. Momentum indicators were clearly pointing higher. 2. Gold price made a new high, which is important for Australian...
Spotted a h1 hns chart pattern and with macd divergence. I am interested to see if the pattern will be completed or not , if neckline closes or not. If ti closes , then a flush of 2 weeks high will be done. What may be against this trade will be the 2 hammers on w1 , but should price do a strong bearish close, It will herald a new wave of bearish move upon...
on monday GBP gapped down, and hence for EURGBP suddenly it spiked up. This happened to almost complete a 4 point ED channel. I am looking to short this on close below a 2 weeks flat high, sort of a bull trap. Still believe EUR is weak and shorting EG is with the trend imo. RSI shows divergence as well. If price cab go beyond 7889 first TP, then will look to hold...