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Friday

Eu Price action analysis coming into the London session Good Morning traders! Hope you are well. Todays forecast will be done on the 1hr timeframe to give more information. We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for a range to mitigate. We can see one very obvious range this is marked in green-and its best seen on the 5minute TF. I will be looking for a sweep of the Asian lows and a trend change on the lower TF before entering long but price is shaping up nicely. One thing to note is that NFP is coming up so I will be more cautious getting closer to that time.
Long
by EnvisionEJ
XAUUSD Quick Friday EntryXAUUSD Quick Friday Entry After Fridays colossal drop in XAUUSD on Thursday, the pair looks to be slightly shaky at pre American session. Dropping beneath 1770 on Thursday, XAUUSD rebounded and tried to cover some lost ground at the start of trading this morning (European session). Since then XAUUSD has pushed onto 1795 but looks weary as it tries to push for the psychological 1800 again. Slight resistance has already occurred at 1796 and I feel a double bottom is imminent on the 1H chart with us seeing the metal re-touch base with 1770 before the pair even starts to look bullish again. The outlook on rates has got the dollar excited and it doesn't seem to be fading away anytime today. The double bottom seems reasonable and just and the pair is still bearish in preparation for the final American session of the week. The dollar is having the best week in nine months and is currently sending bears scurrying with its strength, the direct correlation with gold is sure to stop any short term bulls riding a quick push to 1800. 1797 is the resistance the bulls are trying to fight with 1800 not far away either, the bulls have to fight a double stacked resistance as the SMA 10 Four Hour converges with the 61.8% Fib. Gold does have a minor support at 1789 but this should be easily broken by the bears with the dollar looking strong and gold having little reason to start the road to recovery so late in the week. 1781 is another support which is slightly stronger than the 1789 but support has been weak for gold this week. The selloff isn't ending this early and it looks like its the dollars week. Hope you enjoy!
FOREXCOM:XAUUSDShort
by KaineArkinson1
1
EUR/JPY taking the early lead in todays trading session...Before: Amid a lacklustre open to the trade session EUR/JPY has taken an early lead in development especially within the daily uptrend. As we are seeing a nice break-out continuation, we should see the final leg to the upside relatively soon. Latest news from this morning: BoJ Governor Kuroda says they are closely watching FX moves but will not comment on details; no need to think the JPY's rise is having serious effects on the economy. EU Chief Brexit Negotiator Barnier said there is good progress but the last stumbling blocks remain and that in this final stretch of talks, transparency and unity are important as ever. (Newswires) EU Chief Brexit Negotiator Barnier reportedly said that a Brexit deal is possible by Friday according to AFP citing sources, while other reports stated that EU Chief Brexit Negotiator Barnier is understood to have told the EU Parliament that a Brexit deal is possible by the weekend but difficult, according to WSJ's Norman. (AFP/WSJ)
by FTUKcom
4
ADANI ENTER PRISES HAS BEST INTRADAY SETUP FOR FRIDAY 23OCT 2020Adani Enter Prisis has come up with best intraday setup for friday 23 octobar 2020 look at the set up it has been in a cansolidation manner from last two days and it high time it is just ready to blast and give a great return on your investment in intraday. NSE:ADANIENT adani enter prisis is good stock belonging to adani group having a good amount of liquidity so there will be no problem of any liquidation in the stock. you can trade this when you get a confirmation on break out of the traingle pattern formed and keep your stop loss according to your risk management and also once confirm with your financial advisor. if you know how to trade on a break out then its good if you don't know then read more. adani enter prisis which moving in a range if breaks its upside resistance level I mean to say then you have to wait for candle to close above that level and once it is done you can buy the stock and keep you sl below the candle which has closed above the resistance level or you can keep your sl below the support level it will be much safer. if the stock breaks the range down side then you just have to ignore the trade because there is a basic rule that buy low and sell high and sell high and buy low. if we trade the stock when support level is broke we can not sell it because stock is already at its support level which means already at its low point so we can't sell the stock at low and expect that stock will go more down wards that will be against the trading rule. Thats it for today guys. Thankyou, if you are reading this till now. trade according to the given levels.
NSE:ADANIENTLong
by IG_TRADER