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Gold Head and Shoulders formation on the 4 HRHead and Shoulders formation on the 4H chart. Waiting for price to break below the neckline at 1287 for an impulsive move lower to 1218.50-1220 level, which is previous resistance and then head back up break the 1400 multi year resistance. Also the selloff can be attributed to end of quarter dollar flow coming in, strengthening the dollar. Main risks for this SHORT Gold trade are: Mounting tensions with Pakistan and India, the US and China Trade Deal and tensions in the South China Sea, global debt levels and demographic shifts due to an aging population. Now these risks are positive for gold, however these factors are not favorable for my short.
FX:XAUUSDShort
by RetailFxProEducation
NZDUSD EN CORTOTriangulo ascendente en diario. En 4h con ayuda de la noticia llego más rápido de lo que se esperaba a esa zona de trendline, trazando retroceso de fibonacci del punto mas alto bajista, veo que la zona del 61.8% coincide con ese soporte marcado por lo cual esperaría a que llegue a la linea y trendline diaria la cual por el momento no ha sido testeada desde el 3 de enero. Esa zona coincide con el -27% . A lo cual parece ver muchas confluencias. Queda esperar.
Short
by damiezera10
DAX 2017 Q1 PREDICTION ! SHORT 10950 TILL 9800 IN 4 MONTHS!!!*Hello traders, I make this chart because I see that all Indices were pumped after the US election and Italy referendum. *In my opinion this is a bubble that will eventually burst when Donald Trump official came president of the USA. *Entering 10950 - think that is a good LVL to enter short because 11000 is a psychological LVL like 10k 12k 9k ect. SL- is 1/5 of the TP which is good i think *1st, 2nd, 3rd TP how to trade ??? 1st profit release the 50% of all short positions 2nd profit release the 25% of all short positions or the rest 50% of the 50% :) 3rd profit the rest *if 1st target is reached what to do: 1st profit release the 50% of all short positions could wait for pull back 600-650 even 700 and sell again *if 2nd target is reached 2nd profit release the 25% of all short positions or the rest 50% of the 50% :) don't sell after pull back " psychological LVL like 10k 12k 9k ect." *if 3rd target is reached we can say to losers GOOD GAME WELL PLAYED! *about the SL - it depends of the trader i dont use SL but i see that most of the people are making SL orders, I think that 11200 is a good SL order if you are scary like lil pu$$y GOOD LUCK TO EVERYONE
TVC:DEU40Short
by MaximiliyanBotusharov
3
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.
by 3nchev
Gold like HellI'm thinking about getting short a bit higher. Maybe I want to trade for Weekly close lower. I wait to see price action around this exact level , Daily Support and see what's going on in there. Then if I see Rally or something like that plus rejection of it's highs , I will get in short. Guys , you need to know that you cannot write your strategy down , it's losing strategy , Best strategies are not exact , you have to feel them. Market is always changing , so , Dont be exact in your strategies , Add simplicity to your strategy as well. Be great observer , market is talking , you just have to listen to him.
COMEX:GC1!Short
by 3nchev
Aussie - Amazing these daysAussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly close. I don't know what will happen , no-man's land . Market can move a lot for a short period of time. It's better to miss a trade than to Hope given trade to be profitable. Be patient and Risk small !!!
by 3nchev
Alcoa - Destiny Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch candle closes , don't be fast in triggering the shot (trade) ! I wait for Daily strong closes + Weekly and Monthly bullish closes before starting to write my trading plan for future.
NYSE:AA
by 3nchev