The recent conflict in the middle east and the technical has led to this great bullish move , but in the near future we may see a correction move before going up . I believe 1880-1895 is a great place to take a short position for the take profit to 1935-1950 . with a stop loss at 1905 Happy Trading #Xauusd #gold
GBPUSD is right now testing at weekly resistance and also been rising for last 6 weeks . It may seem for correction here at this moment with target at fib. retracement at 61.8 . Stop loss just above the weekly resistance . You can trade accordingly with proper risk management . Also , this week we have BoE interest rate decision in view and also the GDP report on...
Be cautious of trade today as it could be highly volatile environment due to different news today . Gold is forming bullish penant , if broken could lead gold to 2028 -30 levels before a correction. Happy trading , look for stop loss hunts due to great volume today.
GBPJPY can make a reversal and going down to 169.500 and below which we may see the actual trend bearish or it's just a correction . So , to be on a safe side with the stop loss above this week's high and target at the above price .You can get a great risk- reward . Enjoy trading Trade only with what you can lose Happy week
Gold latest move in 1 hr time frame may breakout from symmetrical triangle and reach to 2005- 2012 📈 range before falling down . But if broken previous week high at 2015 may lead to test resistance at 2020. If not broken symmetrical triangle can lead to 1950-1960 📉 support range and will also broke the daily bear flag which will give the confirmation for further...
GBPUSD has broken the trendline on a 4hr timeframe and target is 1.19400. It has a great risk reward ratio.
AUDCAD is making a great setup here , it may rebound from here as it's a strong daily support but if broken down and retest could be great idea for taking a short position here . Always lookout for a fake breakout . Be patient Take position only when you get confirmation or follow me to get updates on this idea . Get the great entry here
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus Take a long postion with a risk/reward ration of 1:3 . Also COT data is in favor:- EUR - 163,338 Net positions GBP - 2,398 Net positions While many short positions has been closed in GBP , but it still may go long before a reversal
It formed a W on a daily chart , so now we can see the reversal or it may go up again to make ATH near 2100 range before coming down. Let's see what next week holds for us . Happy Trading Good luck
AUDJPY has tested the resistance and got rejection from there . There is 4 hr trendline and breaking it can lead to our target which is shown in the chart . Take entry only after confirmation . Stop loss can be put above high's .
We can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test ...
xauusd Gold trend I beleive it will take short right now Short it now with 2040 as SL