Solid resistance at 0.72439 If price continues run to 0.73400, I will enter more sells Daily Stock/RSI show price approaching oversold territory 4h Stock/RSI already in oversold area 0.71867 level is a minor resistance, bearish momentum could begin there SL is relatively large, I don't trade this pair often but doubt it will be met before trade runs into profit R:R 1.8
Missed my perfect entry but my faith in analysis still holds. Here is my (late) entry along with my adjusted SL and targets.
Daily timeframe trade. Weekly target of 1358.
initially had buys at blue horizontal line, incorrect SL wiped me out. looking to re renter
EU has collapsed since wicking the 50.0 fib at 1.15101, its momentum will continue to push the price down to the 78.6 fib at 1.13432. I have taken short term sells due to my confidence that the pair will hit this level. Price will have a relatively easy time moving back up. My bullish targets are as follows: 1.13800 1.14200 1.14413 (68.0 fib)
will see how price reacts to fib
Didnt enter yet, waiting for break and retest of 109.43 Price on 38.2 fib Stoch, stoch rsi about to cross overbought Restest of bullish trendline on 4h Also dont see XAUUSD going below 1276.75 Rejection at 109.9 level 130 pips
hoping to see exploiting this bearish channel this week
rejected at 1.55970 support 4h indicators say bearish momentum coming to an end may have trouble breaking 1.56791 level on way to TP