This is my analysis of a gold long position as over the last 24 hours we have seen a huge trend reversal within gold and I believe this will continue over the next coming days i would say buy around 1625 mark as that's where it is stagnating and then I would hold for the long term and see an eventually profit
Just quick short that can be applied shoulder has built and so i can see USD strengthen causing a further short opportunity
GBP/USD after the pound dollar hit 1:14 last week and the a sharp long following I feel that there will still be a short opportunity avaible as Biritish econmy will get potentially worse over the next few days. Leave your comments down below
Just done some trade analysis with some support resistance levels and if they were applied to last week both Support levels would of have been broken. Also, Last week's price was 1575 were as this weeks is 1500/1499 I believe if we follow the trend and the levels of support that this week will be a continue of last week with a slow downtrend. Remember the trend is...
EUR/USD short - long trend broke and this will follow by a slow decrease. I would wait till it hits the beak of long (short Term) and the go short and then wait on a slow downwards decrease.
If we follow the graph there is development of a short trade potential as the US has an increase in corona virus whilst japan is dealing with the situation well therefore having an increasing a better economy. This is a trade designed for a long term investor as if you follow the trend on all time scales there is bearish slow decline.
At the moment we are at a stale point with gold I would keep an I on Gold as it will have a good potential within the coming weeks however with a lack of clarity in the market direction I would wait till we can establish a clear trendline either long or short. I will keep you updated
Potential Short for USD/CHF retest proven already almost guaranteed.
Potential short for Euro/GBP because of end candle stick trend however we won't know of potential short length so if you can wait for the bounce back and go long. however potential short available
USD/JPY Short trade; End of last week USD increased however the shoulder and the candle stick suggest slower price movement as the last candlestick is very small at the opening and closing points suggesting not much room for an increase in price. Would wait till a large red candle appears so that you can confirm a short position. I put the 2nd resistance line not...
Gold Short position. Corona virus causing further issues into week as shown last week, see potential bearish trade after price increase between 1534.99 to 1539.99 short at that point for further down trend However when hits near 1500 to 1510 leave for price increase as it will hit resistance around that point.