Pair is exactly at the strong monthly resistance line which it reached after 3 weeks of uptrend. We expect the price to fall from here to the previous strong resistance (now support) which is exactly at 0.5 fibonacci retracement.
This will be nice RR trade, 1:5 at least.
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Price reached 1950 aria again and again got rejected with a strong move to the up, tgird time now so we wxpect price to reache descending trend line around 1984 aria and from there it can get enough bear support to try another move to the down. We will be looking opportunity in that aria with a minimum stop loss and nice RR ratio, around 1:5.
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Price is beutifully following patern after explosive breakout from a neutral channel.
Price just returned to the upper edge and couldnt brake it after what we expect price to continue long.
Nice chance for a great RR ratio.
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Price reached strong resistance (0.618 fibonacci) after strong push trough previous high and 0.5 fibonacci.
We expect price to retrace back to previous descending trendline, which is now broken, before another push up.
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Next week will be interesting for this pair.
Even if we have tipical broken ascending trendline on 1D chart and even price retraced back to it we dont expect price to brake strong support line, not yet at least. We expect price to remain in range between 1.2840-1.3030 because we think that market is going to wait playout on bexit and US covid stimulus plan.
Price had a strong bearish momentum yesterday and have reached uptrend line.
From here we have 2 possible scenarios and bith if them include retracement to the 1.3 resistance level which would be 50% fibonacci level from previous drop. From there we will be looking for new opportunities depending on price action. And till than we have nice 1:3 RR long...
Price broke 50% fibonacci resistance with and now hedding toward 0.618% level where we have huge resistance so we expect the price to bounce back to support line. It can be nice 1:4 RR short trade.
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Pair broke important resistance line with strong impuls and finished week above 1.3000 level.
This can indicate that price will continue up to reach 1.380 where is 50% fibonacci from previous big fall.
Before moving up we expect that price will retrace to confirm 1.3000 level whic is now new support before continuation up.
From that level we can have nice...
Gold perfectly reaching descending trendline after expected corrections and we now expect price to make another hige fall.
We will be looking for right entry on lower timeframe but that would be in approximate aria around first resistance line.
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Price reached support line after braking uptrend on 1D chart and now heading for confirmation and expected continuation down.
We will wait for confirmation on lower time frame for entry but it will be somewhere around this resistance level.
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Gbp had a great first session today and already reached 110% ATR and reached resistance line.
We see this as an nice opportunitie to short it.
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On 1D time frame, price made nice brake trough upward trendline and even made confirmation.
We are looking for an entry level on 4h time frame where price is in a neutral range and we expect it to continue down. This a short term trade amd longer term short we will be looking after braking tgis support line and confirmation.
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Price is inside a neutral channel on 4h chart.
We well wait for a breakout of this channel and confirmation before entering buy or sell in respective zones.
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If we are looking at 1D chart we can see that price broke down from huge accumulation and is in clear down trend.
We expect price to reach second support line around 1815 aria and bounce from there to the resistance aria around 1915 where was previously strong support.
At a longer run we expect price to reach 1750 aria where is huge support line and from there we...
Gold is falling as predicted and is reaching strong support level from which we expect it to start retracing.
If it breakes strongly this level we will explore sell option.
This sell order is with small stop loss and great RR ration if it happens.
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Price broke down and broke previous support line which is now resistance level to which we expect price ro retrace to and continue down.
We have placed our sell order on the resistance line and exact entry place we would be looking on lower time frame but it would ve around this aria.
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After consolidating and retracing to the descending trendline and after braking under short term bulish trendline we expect price to go short till the support line.
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