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We have have our buy at the 1 .27877 area
rite on top of the consolidation area to get in if it breaks out for that solid bulish movement we are expecting it to because of the 100% FIb Level its hasn’t broken and is having a hard time breaking
There are a lot of Indicators indicating that Gold this year will also be very Bulish and also if you take into considation the monthly time frame for Gold and how it rises every Dec-January thats what we are expecting again. This is just educational hypothesis so people can noticed that you should look for trends in bigger time frame in order to find the over all...
Short @113.790
Already expecting the weakening of the Dollar it has hit our trend line and so by following the current structure we sold but not only that a few or indicators are showing us that the dollar is at a point where we can catch a good 20 pips or possibly more now we have to wait and see it it will break structure and go to the 23% FIb level or fall from here
Short @ 113.645, We our taking into account that it has been follow into consolidation around the same price range for the last several day but its an over all Sell so we placed a sell after a pull back into the 61.8 level. Our take profit area is 128.278
Our Buy Limite at 144.854 got activated, It’s currently on the trend line and we have a stop loss bellow 144.624. Rite now we are waiting on GJ to respect the trend line and continue its bullish movement and if you look at the daily you noticed that its currrently in a bullish consolidation patter so we have two major indications showing an upward trend.
So as you can see there was a Gap form between 1.6529 and 1.66039 that hasn’t closed yet and we had a buy @1.65881 that we already took profit when it went back to created a double top,Gap can easily be traded buy first looking for the area in which the pair would less like cross which for this example would be the last highest consolidation area of 1.68091 so we...
EurUsd Baught at 1.13348
Double bottom created on the 1h but it didn’t close below the last lower low price of 1.13266 so now we are looking for a price pull back tell 1.13769
Time Is everything with Gold
In order to share my ideas with everyone We will have to notice several things
1.Gold has bean steady within Aug 23- Oct -10 ( The time of year were Gold is regulated a lot and the price is maintained stead in order to provide a steady income to those that benfifit from the income and export of Gold.
2. Gold becomes a high demand...
Remembering when place a trade you must adentifie if its gonna be a day trade or swing trade in order to determine the proper lot size and risk managmanet your gonna use on your trade. The Current pair has been consolidating with in the trend line alone with form two areas of consolidation within the same price range and the lowest is has gone so far in the 2h is...