bondkii

bondkii

Gold was stuck in a range between $1365 and $1307 for much of 2018. It recently broke out to the downside, retested that area and then sold off. It is worth noting that although the daily is in a downtrend (which I give more weight too), price is finding support at a key weekly level. As I rarely take positions against the daily trend, we will want to wait for...

bondkii Updated 

I do live in Canada and I will try not to get into the politics and economy, but the future for the CAD is not bright. Taking on a huge amount of debt, taxes and difficulties raising rates when times are good. Mostly, just a quick comparison to the United States and Canada is not even close. Anyway, the USDCAD just broke out of a longer-term downtrend on both the...

bondkii

AUDNZD is in a longer-term downtrend. Recently it is in a short-term uptrend but that is looking to be short-lived. We have what looks like a double top around key resistance, with a large bearish pin bar that is protruding previous price. This is one of my favorite type of pin bars because it works like a slingshot. Price tried to break into higher ground, but...

bondkii

EURGBP looks to be in a range, and with the recent run-up and rejection, it looks like the market wants to keep it that way. I entered a short position at the 50% retrace of the pin bar rejection on Friday. My entry was supported by: - Multiple event areas - Market swing point - Resistance/supply zone - 38.2 % retrace - Moving average(s) are neutral - Range bound...

bondkii Updated 

First off, hello everyone! This is the first of many posts I will be doing. SO the way I trade is a simple price action strategy I developed, I will be attaching myFXbook soon so everyone can see my track record and trades I take as well. BUT lets get into the trade... Recently the EURUSD broke out of a sideways market on the weekly charts. It did retrace back...