Intraday GOLD Trade LIVE! Reason For Entry- Price was around the Support Area which has been tested multiple times in the past, anticipating a great area to buy Double Bottom formed followed By Engulfing Candle. SL- (1854.247) ⛔️ TP1- (1863.911)✅ TP2- (1866.934)✅ TP3- (1868.743) ✅
Happy Sunday Traders,👨🏿💻📉 US30 Daily Chart- Fundermentals- U.S. stock indexes closed sharply higher Friday, notching a pair of fresh records, as Wall Street wrapped up a week framed by optimism over the prospects of vaccines and treatments for COVID-19 and yet gloom over a spike in the viral outbreak in the U.S. and Europe. Markets also remain sensitive to...
Nasdaq 100 Weekly/Daily Charts- What goes up must come down! The US100 is operating @ an all time high with the market being in a very strong Uptrend. Fundamentals- The Nasdaq has staged a massive rally over the last few trading sessions in the aftermath of election night. With challenger Joe Biden looking set to claim victory over incumbent Donald Trump, and...
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GBPUSD H4- Market currently in a downtrend & is trending below the 50EMA. Reason For Entry- (Fundamental Analysis)- The Pound (£) Markets are EXTREMELY volatile right now traders following comments from British Cabinet Minister Michael Gove saying that he made clear that the UK would not withdraw the Internal Markets Bill. This comment effected the GBPUSD as it...
USDJPY- USDJPY has recently crossed the 50EMA meaning the start of a new trend on the 4HR Chart. This with the Federal Reserve’s policy announcement on Thursday provoked a violent reaction as the dollar snapped lower then recovered but the prospect of an ever lengthening term at the zero rate boundary drove the USD/JPY to its weakest close in a month on...
Happy Sunday Traders GBPUSD- Price is currently at the Monthly Resistance Zone (Brown Area). During the week, this pair pushed up due to the Pound strength. BUT, the Pound could suffer a setback at the beginning of the week, amid news indicating that UK’s Finance Minister is considering a set of tax increases to compensate for coronavirus pandemic extraordinary...
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GBPUSD H4- Price is operating in an area that I call the Monthly Resistance Zone. Reason For Entry- Fundamentals- With the DXY Dollar Index braking a multi-year low and then rising, it looked like a good time to sell GBPUSD. Double Top formed, overbought RSI (72.40) followed by Engulfing Candle indication on potential new trend going down SL- 76 PIPS🛑 TP- 76...
Good Afternoon Traders👨🏿💻 AUDCAD Live Trade Update I believe as a trader, its very important that I show transparency with my trading especially to new traders as we can get caught up on thinking that losing isn't part of this long term game. I've been on a 15 trade win streak for the past 2 weeks until I took this opportunity yesterday at 10AM. AUDCAD H4-...
Good Afternoon Traders CADJPY LIVE TRADE UPDATE! Reason For Entry- Price broke above the Daily Resistance Zone and I entered @close of 10AM candle SL- 30 PIPS✅ (80.014) TP- 30 PIPS✅ (80.610) TP2- 60 PIPS✅ (80.905)
Next we have USDCAD! USDCAD is currently in a downtrend & is around a level of structure support that has been a major level of structure for this pair multiple times in the past. So, for this week, I will be looking for possible long trades out of this pair from our green zone. Support Area (Green Zone) = (1.33080-1.33790)
Happy Sunday Traders This pair is currently pushing up very strongly on the daily chart. During the week, this pair broke previous resistance (1.14420 -1.14990) and is now pushing up into an area which I called the Weekly Resistance Zone. This is an area that the EURUSD has tested multiple times in the past as resistance and is possibly an area that we could see...
USDJPY- This pair has been pushing down but has also just come into a level of structure (Monthly Support Zone) that has acted as support multiple times in the past. Because of that, I see this brown zone as a level that we are likely to see a bounce out of. Because of that, I will be looking for possible long trades from this brown zone here on the...
Like I posted earlier in previous setups, I am bearish on the Cable due to potential $USD strength. We should see some downside at least till 1.24500s.
Good Morning Traders! On Jun 21st I anticipated that EURGBP would reach an area that I call the Monthly Resistance Zone and that's where I'd be looking at selling. Reason For Entry- Double Top Followed By An Engulfing Candle to confirm entry I entered this trade on Monday and it has just closed out. SL- 35Pips🛑 TP1- 35Pips✅(0.91179) TP2- 70Pips✅(0.90836) TP2-...
Good morning traders! This is my first trade for today: USD/JPY M30. Looks like a double top with a multiple wick rejection. Let´s go for 1:3 RR! I´ll manage the trade according to my rules. Feel free to message me if you have questions! Best regards, Becker Investments