Hy dear members hope you all are enjoying Profit with our Analysis.
Us oil is respecting our Predictions. As yesterday I told that it will break this level may be after a small Retesting. As you all can see it has Breaked before Retesting. Now it will hit our target soon.
Keep in touch we will update further soon .
Price has reached a zone where it accumulated for several days before shooting higher. We may range for a while or just rocket up. There is a trendline which needs to be broken before price can go higher. Decent RR
XAUUSD is moving According our Analysis from last few days. Now you all can in this weekly chart there is a pressure to down side and a strong support available at price level 1750 price level. Then 1700
So it has maximum Chances that it will touch this Price level.
Keep in Mind this is weekly chart so it can take time. To touch this target area.
I think after this drop and the rvi cross and the upcoming dollar weakness, we could see gold spike up whether this can be held with all the vaccine news is uncertain but dxy breaking the 92 level will cause a movement of sort. wait for good entry on lower timeframes. as bears aint dead yet
XAUUSD on the chart you'll see a sell trade taken on the 18th November (last week). Using the customised strategy settings and parameters for the 15M time frame. Based on a 1% risk it has a current open position running 18.3% ! Which more than makes up for the few losing trades before hand. All trades are logged in the strategy tester below. You'll see the current...
IMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route...
After hits the full target, now we wait to complete the small retest then there would be a sell opportunity again to 1800.
Then we can wait to break down below 1800 to reach 1787,after that it will be a great to think of Strong buy.
Coming weeks is very important to Gold. Before Christmas vaccine matter will be prevail and the risk of both short/buy go high.
The bears seem to be in-control of price action... we found this setup just now and we're leaving in over night.
There are 3 profit targets, on the 4H price broke a trendline support so im targeting the bottom levels.
We're a day trading community generally, rarely do we leave trades over night but this one looks good for it.
WTICOUSD correction approaching. Continuing my analysis, it can be seen that WTI oil is nearing the end of its third rising wave cycle. In my analysis, I assume that the motion may turn south from the 45-46usd range and the D1ATR will drop to a level of 50.6 to 42.6 usd. Consequently, a profit...
Pending breakout for yesterday bullish candle
Should yesterday strong candle fail to move up higher but fall inside, i will look to short it.
ep, sl , tp as per chart.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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Bluegreen trading is a small group of people that does proprietary trading. We trade mechanical, semi -automated systems with a strict systematic approach. We base all our trading on systems. Systems are based on ideas, patterns and price action, tested, journaled, repeated as long as they show to have an edge.
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