NoRiskFX

NoRiskFX

Technical analysis: EUR/USD has broken a bullish daily trend recently as well as produced a distribution schematic. We have a price trap that has been violated and spiked the highs which a significant piece of my analysis when it comes to market structure. A break through the zone current price is resting on and a retest will provide entry for a short position on...

NoRiskFX

XAU/USD Long position at 1865.77 Technical analysis: We have recently seen a huge wash out on the Long positions as gold broke below the heavy 1864 daily support. Break out traders taking short positions have experienced the whiplash as price broke right back above the major 1864 support level. We have seen a price trap be created which leaves an entry at the...