Long wait for this trade ) however it may multiply your account by 100 in a year or 2.
So keeping bullish momentum on GBPUSD, we will look for more long positions.
It's not trade call, however this is how market behaves keeping historical data in mind.
Hope you are having great day.
As DXY weakens and the long awaited structure is broken, divergence is visible, and overall downtrend has ended.
Look for buys and keep buying with great RtoR.
It is an idea, not a trading call for anyone.
We had big move to the upside, however, it is going to create corrective structure. Expecting $8-10 price drop before we take another long shot.
Hope you benefited trading both side.
It's not a trading call just an idea how the market would move.
GOLD and OIL both are quite Bullish due to current economic uncertainty.
Buy the dips and keep long term targets to 33, 35, and 40.
Note, any impulsive moves to the downside will be short-lived.
We have confirmation that GOLD is bullish for the coming weeks, however, any dips are going to be short-lived. So, we are going with the third scenario that we expected.
Target 2: 1950
Target 3: 2000
In my analysis, any deeper dips will be another buying opportunity for traders and earn great risk to reward.
Watch out for Gold to break out on either side. There are 3 possible scenarios I see with GOLD.
1) Reversal from the current point
2) Touches previous high and dives
3) Makes higher high and breaks out of the structure
Probably 2 sell and 1 buy opportunity coming soon.
Hope you are getting some profit out of this. Looks like short time downside in current scenario and hopefully will get long positions later when we see good price action and things settle down with eco-crisis.