Gold rose nicely yet approaching the resistance zone. Short price signals formed on 1hr, 4hr timeframe and it looks like a price signal is forming on the daily.... so I've entered on the sell-side. ATR: 14 2N: 29 ENTRY: 1352 STOP: 1381 R1: 1338 R2: 1324 R3: 1309 Hmmm... I am developing a contrarian habit because the line of least resistance on gold is up!
EURUSD is currently ranging in the 1.2323 – 1.2538 Box and am still in my short position since 26-Jan. My concern is still: "It's a bull market you know!" I’ve updated my stops distance as I’ve re-calculated ATR according to my entry. ATR: 0.0092 N: 0.0184 ENTRY: 1.2474 ENTRY DATE: 26-Jan SETUP: PRICE ACTION STOP 2N: 1.2843 STOP 1N: 1.2659 R1 : 1.2291 R2 : 1.2107
EURUSD is in an upward trend over the long-term, however 25-Jan-18 closed with a short price-action and placed a position on that basis. Possible error : "It's a bull market you know!" Yes, this saying rings true in this case and therefore I could be wrong and EURUSD won't drop that much, if at all. STOP: 1.2604 ENTRY : 1.2474 R1 : 1.2344 R2 :1.2214 R3 : 1.1974
BTCUSD reached new high $7898 on the 8-Nov and is ranging since Segwith2x may have been called off. Resistance zone: $7650-7900 Support zone: $6300-6625 News: http://cryptocurrencyfacts.com/2017/10/31/when-is-the-segwit2x-fork/ https://blog.coinbase.com/timeline-and-support-bitcoin-segwit2x-and-bitcoin-gold-eda72525efd