Here is my Fibonacci strategy i am trying out...
After marking my key zones of
- Support and Resistance and observing higher lows in the Downtrend i was anticipating for a Trend change to the upside.
- i then watched this Bullish push to the next level of resistance which it strongly rejected.
- Now i will be hoping for a pullback to around the 0.7 on the fib,...
An update on the incoming GOLD LONG
Looking for a re-test at 1852 then to be bullish up. We shouldn't see much pull back after this re-test so just be sensible with your STOP LOSE, but ALWAYS set a stop lose especially on a something as volatile as gold.
Just a short video on using the different time frames to time your entry points and get a general feel of where the market is going.
DON'T trade against the trend.
My first analysis video, i don't have a mic so turn volume up.
Any feedback is appreciated
GOOD GOLD SETUP FOR THE UPCOMING WEEK
Higher lows being shown (0) lower then (1) indicating possible trend to the upside!
I believe price will pull back to 1840 before some bullish behavior.
( Will update in 7 days to analyse the analysis which i will then post )
Have a good day.
Like and comment feedback is appreciated.
My Analysis to assist me in the following week of the 25th,
USDCAD in a strong downwards trend with consistent tests of the trendline! 200 EMA also used to identify long term trend.
Will only be looking to enter after bounce off trendline and close of the bearish candle. Or possibly bullish movements entering on the retest of previous resistance
Some analysis of GBPCAD and what the currency could possibly do on the week of the 25th.
Continue in the range or break a strong resistance?
Will be looking closely at this pair this week
Any feedback Welcome