XAUUSD (GOLD)- FEB Analysis Hey everyone, back from the holidays a few weeks now and sharing some analysis on Gold based on the previous months and start to 2018. Keep in mind NFP economic data release tomorrow (Feb 2).
Forex-analysis
EURUSD: Cup & Handle patternEURUSD has been doing a Cup and Handle pattern during last year, which was confirmed after breaking the main resistance coming from 2012. At this point we could expect general rises to achieve 1.38 - 1.40 by may-june this year.
Gold making a pullbackGold reached important zone and is showing exhaustion on mulpitle time frames.
Remeber to add your own analysis and risk managment!!
USD/CAD Understand trade, the way it'sI've been tracking USDCAD price movement a while.
Buy and SELL both possible in this pattern.
My explanation very clear on the chart.
The way it might happen.1st start buying & if it's not going well then start selling.
My expectation price will hit the target, what I mentioned on the chart.
If anything will change I will post an update.
audnzd longaudnzd long
audnzd is now in uptrend
create new high
breakout consolidation
trendline
breakout downtrend line
take profit arround 100pips
EUR/USD to continue bullish momentum? We are currently sitting at a super key resistance level at 1.18404 and depending on how the price action reacts to this; could see us either come back down to our support level at 1.17170 or continue the bullish momentum and head towards 1.19094. To conclude my overall bias for this week is neutral but i am keeping a very careful eye on the next move for this pair on the 4h timeframe.
USDJPY Short, 17-20Showing that this coming last quarter of the month is the remaining shoulders of this year of the pair. I believe that there will be at least two positions to instant buy due to the previous months and SMA. I believe that going short on these will provide the best risk management lowest of 1% , if wanting to go long for the duration will mean larger margin effort but including more risk.
USD/JPY - SELL ENTRY 111.300 - TAKE PROFIT 110.700@brunowb2 @trader_forex_b2
USD/JPY - SELL ENTRY 111.300 - TAKE PROFIT 110.700
ENTRY 111.300
STOP LOSS: 111.700
TAKE PROFIT: 110.700
60 PIPS
INDICATOR - RSI
CANDLE 1H
#FOREX
Looking to long AUDJPY with reversal candleOn higher TF PA is above 200ema. Now market is in range and I am looking to long if the next candle in H4 close more than half of the body of previous bearish candle. If price break below the support level this analysis is invalid. 3RR
Uptrend ChannelOn D1 TF EURCHF is still up trend. Looking to long with trend continuation. If PA break out of the channel this analysis would be invalid.
Reward to risk is 5 : 1
#NZDCAD D1 #LONGRisk Disclaimer: This post is not a trade signal.
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Looking to Long EURGBP at Previous Resistance Turn Support LevelPolitical turmoil and uncertainty of brexit negotiation has weighed on pound.
Looking to long at pullback, which is the previous high and also fibo retrace 61.8. So that level is pretty strong.
Reward to risk is 4: 1
