Concern on resurgence of covid19 have pause the bear on gold, gold currently trading in bullish weak stage. A breakthrough above horizontal line would be a good short term buy. If price holds below= no go.
15 oct deadline, France shown unhappiness on fishing dispute. Political uncertainty have weigh on the cable. 50SMA low on 4H with nice gradient (BUY) 1H candle view bears taking profit but no signs on bulls yet. 1D chart ( bullish setup) volume has seen slowing down, the downward movement seen to be weak for now. Depends on the type of trader, swing trader may...
1/3 Entry in anticipation of BB breakout. With SL point few pips below lowest wick, provide good R/R ratio. Add position and adjust once breakout. Be flexible to change direction if gets covered. 1H william%R positive. Volume 1H positive.
Daily 200 SMA Resistance Daily horizontal Resistance Daily RSI mid band Resistance Fair R/R ratio trade Resurgence of covid infection rate capped oil demand
Donald trump and the first lady was tested positive for covid19. Safe haven metal positive.
Neutral ranging market structure has been broken. 50SMA bearish (confirmation) Nice 1:2 R/R .
Exactly 1 month ago, i've posted a that forex bearish cycle on this pairs is about to end. Today the pair have reach some positive buy point, enter partially to confirmation of bullish reversal.
2OO SMA = BULL 1 DAILY UPTREND SUPPORT = BULL 2 HORIZONTAL 4 POINTS STRONG SUPPORT = BULL 3 Great setup, if SL breached, change direction as bears will have control to 1.25 mark.
UK govt has abandoned plans to try to get workers back into office following a spike in coronavirus. A further 4368 lab confirmed cases were recorded in UK in 25hrs and 11 more people died within 28 days of testing positive. Pubs curfew have been set in place. We have seen GBP weakness, not forgetting brexit controversy which is due next month. Gold is licking...
Usd have been stable ahead of Fed's rate decision (Rate holds) . The yield on 10 year treasuries climbed to 0.68%. USDJPY dropped to 2 week low. Yoshihide Suga is set to be japan's new prime minister today.
Bearish triangle spotted on daily chart . Gold recently peak to all time high surpassing 2000 mark. its time for this safe haven metal to cool down. Vaccine trails are on the way with stock market beating new highs.
Entry Long 1.2909 TP 1.2921 SL 1.2897 Entry short 1.2889 TP 1.2881 SL 1.2897
Bearish triangle spotted on daily chart. Gold recently peak to all time high surpassing 2000 mark. its time for this safe haven metal to cool down. Vaccine trails are on the way with stock market beating new highs.
Yes trade talks are nasty and underway. But just recall what happen previously thats how we benefitted and posted on a 500 pips short. Its worth the risk to enter long for now, This setup will fail if price drop to below 1.282 within this week. If it does'nt , Adding position at better price with same stop loss is good swing trade opportunity. We will not know...
Later today Japan GDP figure consensus are weak. With dollar showing signs of bottom out and starting to turn positive. Good chance for a short trading opportunity.
On 24/8/2020 i posted an analysis on this stock being over valued. The min entry price of $57. AstraZeneca starts U.S final-stage trial of covid-19 vaccine have meant that BNTX is behind the race, but that also means speculators will come in long soon. Look for short term buying opportunities to price of $70. DO Not hold this high growth stock, dangerous.
Do not anticipate, As a trader, trade with the flow.