TradingKarl

TradingKarl

Looking at the 183.880 area for our buy limit bringing us to 185.000 My stoploss is 183.500 (38 pips) 1:3 Risk To Reward

TradingKarl

DXY has been showing strong upwards momentum and from the positive talks of Powell at Jacksons Hole

TradingKarl

Gold currently trading between the 1850 area and 1833 areas, major area of resistance turned to support shown. If a directional bias with FOMC at 7pm changes i'd be looking at the 1780 area before buying. This along with an expectation of further down side from DXY for me is an opportunity to LONG XAUUSD This is not financial advice, your capital is traded at...

TradingKarl

GBPNZD has reached the top of the ascending wedge on the daily time frame (2.01361), I will be expecting a retrace from this area. The last touch of this wedge in a bullish formation created a double top rejection and dropped almost 600 pips!

TradingKarl

As price is rejecting perfectly off this Swing High on the daily time frame between the price levels of 1.187700 and the Higher High of the swing high of 1.19200

TradingKarl

EURUSD is trading in this consolidation channel and I'm expecting this to break to the up side where I have my entry at 1.12900 My reason for entry is liquidity taken at 1.12900 at the wicks on the H4

TradingKarl

AUDUSD H4 Analysis Price has broken out of this rising wedge pattern to the downside, I'm expecting a pullback to the 0.71900 area before continuing this bearish decent.

TradingKarl

On the back of NFP we saw a wick towards 1783.13 where we saw a perfect rejection from this area, the last time gold rejected from this area we saw a major bull run towards 1827.95. On the back of a poor NFP showing and a weak DXY I'm expecting a bullish run from Gold in the coming week.

TradingKarl

GBPUSD is currently trading in a downwards channel and I'm expecting a retest around 1.36000 to continue trading within this support and resistance zone. Also capability to have a break out to the bullish side where we will look for a break and retest where resistance will then become support

TradingKarl

NZDUSD Currently in a major consolidation zone expected to break higher D1 Analysis

TradingKarl

Area of untouched Support on the H4 with a potential fake out Ranging market expecting a break out either side however this is a bearish market currently IMO

TradingKarl

As we can see on the 4HR of USDJPY price is moving into an area where the trendline has become a resistance. USDJPY has also been on a downtrend on the daily timeframe. There has been a breakout from this downwards channel but its going to meet some major resistance around the 110.400-110.655 area (25 pips) Should we see a rejection from this resistance level i...

TradingKarl

On the above analysis we can clearly see Price has dropped and formed a Descending Triangle. Price has moved towards the top of the Descending Triangle and a sell is very probable from the area marked above, i will be waiting for price to enter into the body of the triangle before considering a sell and provided market conditions allow us to place a sell

TradingKarl

NZDCHF seems to still be obeying the downward channel outlined above. I would only be looking to sell this pair should we see a updclean rejection from the trendline and current resistant. Although theirs plenty of room for this trade to move im hopeful to be taking this trade in the coming week should market conditions allow us to. I will keep you updated.

TradingKarl

Reason for entry, Gold broke out of a zone around the 1810 area and continued to push up, we’re in an area of 50% imbalance around 1818-1820 should see and nice retest of the 1804 area from this area

TradingKarl

An update on GOLD shorts I called on Sunday

TradingKarl

We can see a clear continuation of the downtrend on GBPJPY. (2H) I’m expecting a push towards the supply zone marked above, this zone is also where the trend line could be touched with the the continuation of this small break out. Our analysis will only be confirmed when price action allows us to enter

TradingKarl

Another outlook on gold shorts