Forexstrategy
MY POWERNAP STRATEGY Whenever you see price is in strong trend above or below 20 ma and you miss the move then wait for
Price to take a powernap which mean price suddenly making very small candle and move between a very small
Range then simply play buy or sell order and relax and you also take a powernap
Modify this idea according to ur approach
Trade on ur risk
XAUUSD, looking to go down on the first week of Feb..Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. ....
Analysis only for education purpose..
XAUUSD, Gold against Dollar , Technical analysis May 11 to 15This pair, last 2 weeks its been moving inside the box , after May started its expected to go up but in contrast, gold against dollar pair is moving sideways.. after the strong bullish move from 1483 on March mid to 1747 on April Mid. and it clearly get itself into a accumulation zone.
I am not surprised if this moves in the similar way for the coming few weeks...Thanks