Get started

Reversal

GOLD - XAUUSD - Make or Break?Gold has been under high pressure because of Dollar strenght lately, but it might want to go for a little break up, It's been grinding down trought a parallel channel/wedge since the beginning of the month to eventually hit the 1800 level, pulling a nice H8 Pin bar showing some strenght in the bulls hands. It's a risky trade to get in, as we know Dollar is being really strong lately, and I don't see anything that could stop it but, this week isn't seeing any major release, so we might be able to push up a little bit and get a chunk Since we're falling from 1960, we haven't really see any pullback, and price action has been super tight, hard to get in, but, if it breaks the red descending trendline, then it might want to go visit the 1840 - 1850 Level, and then, it will depend on US data for further continuation up, but for now, if it break that trendline on H1 _ H2, I'll be looking to get to 1840 It's a counter trend situation, so, expect less than if it was with the trend, I'll put my trade to BE as soon as RR reaches 1:1 Cheers everyone and safe trading!!! Leave your comments!
FOREXCOM:XAUUSDLong
by aemerydufoug
2
BTC: Bullish pattern after breakoutHello Traders! Welcome back to another trade with analyst Aadil1000x. This is the toughest spot to predict the move and after analyzing the patterns the chart is forming some bullish patterns. These patterns are forming after the breakout of Expanding triangle pattern. On the first move, the market will aim to retest the breakout line and we will also see some retracement after the test of the trendline but later we will see instant bulls which will take it to the trendline starting from the top. This is the same pattern that we traded last month. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
6
USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently, Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support It's a counter trend trade, so we have to be carefull, and expect less The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be : - A fib level - the longer term trendline (the green one) - the 135.00 psychological level Let's see what the market will do with my coins!! Cheers everyone and trade safe!!!
Short
by aemerydufoug