GBPUSD is currently testing a key area, having reacted nicely off this zone recently. I still see bearish pressure for GBP and with the MA's about to cross alongside recent weak UK data we could see a nice decline to 1.2350 or lower. I see two possible scenarios...either a break straight down to 1.2350 or a retest of the 50 fib/ 1.2550 level before falling to...
We are waiting for a break of this inside bar setup.This pair is still bearish, having broken below weekly support in this fib play. There are multiple confluences suggesting the bears are in full control, including the MA's still being in bearish territory. We will wait for setups one we get a break lower from this inside bar setup, or short a retest of the...
This pair is slowly ticking lower but has been unable to close below the 1.3015 weekly level. Once we get a clean break and close below this level on a daily time frame we will look for shorts. We have to be patient with this as the MA's are in bearish territory on the weekly and daily timeframes, as well as the weekly bearish fib play. This level is holding but...
This pair reacted off a monthly level to see a weekly pinbar form. This is also a bullish daily fib play with prices rejecting the 61.8 level which is confluent with the key monthly 1.0510 level. I'm expecting prices to pullback to the highlighted area before continuing its leg higher. I am looking for around 120 pips (1st target) for 1:3 risk/reward
I see shorts for GBP pairs this week. On this pair prices have broken below weekly support, and has been unable to close above this level on a weekly timeframe. We are about to see a bearish cross of the MA's on the daily timeframe, although they have already crossed on the 4hr time frame, and are in bearish territory on the weekly and monthly timeframes. We are...
description of why i entered this trade on chart. PERSONALLY i think gold is in an uptrend already so i always go with the trend because it is everyones friend.
We had a fibonacci retracement at the 38.20% area.
EMA's cross over to the upside.
Also break and close above daily/4hr resistance.
this is a swing trade most likely going to be held over the weekend.
gold prices has fell to a two week low today as the dollar strengthens as yellen stated the importance of increasing rates and possible hike in march ,currently trading with an intra-day high at 1228 and a low at 1216, still looking for price to push up to 1254 before heading back down to 1200s then 1180
Gold broke lower out of this channel after testing this weekly level to the upside. Prices then pulled back after testing the daily level to the downside and is currently rejecting the 61.8 fib. If we see bearish price action I will enter short
GBP/USD is in a key area and we have had two 4hr inside bars. A break above this area would show that support is holding, therefore giving long opportunities. A break below weekly support at 1.2420 would see us short to around 1.2250-1.2200. It is important to remain unbiased and trade what we see here
This pair broke below weekly support after a somewhat less hawkish than expected RBNZ meeting. I now see prices heading lower to 0.7050. We should see a pullback to the marked out area before heading lower, or we will have opportunities to short once we break below 0.71180
This is a great opportunity to short gold, any indication of multiple confluence is always good and in this case we have many. For example, price will hit the 0.618 fib retracement zone and at the same time re-hit the trend-line it broke and hit the 20ema.
This is just an opinion of mine, in the past i've found that finding multiple confluence aids one when...
Long position on the XAUUSD. Price has recently broken through Jan 2017 resistance levels and then retested it and retraced back up. Looking for a long position to the upper bounds of the trend line. Long term this is very bullish with higher highs AND higher lows.
looking to get short around the 1250 handle in gold beautiful level prior support also 50% fib confluence lines up nicely
stops above the thrust candle that broke the support around 1260
target is down at previous structure highs around 1220
although i will be keeping a eye at the FTA around 1232 see how price reacts maybe close half of my position nice RR 1-3