Sellsetup
30M CHART GOLDTURN LEVELSJust a quick update on the 30m chart immediate big gold turn levels. Taking out the smaller levels and just including the significant ones for the 30M chart.
Goldturn Resistance
1862
1873
Goldturn Support
1845
1824
Waiting for EMA5 cross and lock for confirmation.
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GoldView
POSSIBLE SHORT ON GBPJPYHowever on the flip side we still have bearish price action as we broke out and back into the downward channel afterward retracing 50% giving momentum candles to the downside.Will update as time goes on, stay tuned!
Good Luck.
God Bless!
USDJPY SHORT TRADESHave just entered short trades on USDJPY from the resistance area of 114.200, looking at price to make a move back down to 113.500 and possibly long term even lower... Risking only 1% and taking 50% profit atlest at 113.500, and then letting the rest run at break even.
SELL ETHSELL ETH, Crypto on correction phase
SELL ETH, Crypto on correction phase
SELL ETH, Crypto on correction phase
XBT Trade the Range Short SetupFor the past 4 months we have been trading inside this ascending channel
and broken out of it twice, once in October and November for our most recent
ATH .
Since then we have fallen back inside the channel and have tested our 58k region with a move to
the downside .
I would like to see 58400 level lost and see a move down to 55k eventually which will put us at
the middle of the channel and probably test the 100EMA .
Ultimately I would like to see a move to the bottom of the channel 50400 but its best to trade this level by level .
Until then I see continued weakness in the short term but the key here is trade the range your given .
Still scalp longs to be had off of the levels shown and short opportunity if we back test 60900 POC region .
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Spot Gold ready for a squeeze lowerSpot Gold has had a good move higher the previous sessions and is moving up nicely on the Daily timeframe. That being said, price may need to flush out some buyers on a push lower to reset for another leg higher so I see some opportunity for a sell entry if the price action plays out. Looking at the Daily chart and 30 min chart for the trading chart and sell if price can break lower and give me an entry setup.
1.3470 is the best sell zone for GBPUSDAs we can see at chart clearly, its already create a latest LOWER LOW and ongoing to create new HIGHER LOW. Sell zone at price 1.3470. Target TP at LOWER LOW
GOLD Market direction and open TARGETS BULL TARGET 1880, 1891 AND 1906
These Bull targets are open, we are looking for further confirmation on market open. Looking for EMA5 to break 1868 and close above. Price has already challenged this level twice last week. Now we are looking for EMA5 to challenge this level and then break it. EMA5 crossed above MA21 to give us the momentum needed for a stronger challenge. We have signals confirming this move already but EMA5 breaking the GOLD turn here will be our final confirmation.
BEAR TARGETS 1858, 1852, 1845 AND 1832
1858 is in line with MA21 for a touch. If this does not provide immediate support then price will magnetize ma63 at 1852. These levels have all been open due to an EMA5 break on 1852 which left a gap open to 1845. 1845 may be the area of support price needs before resuming the Bull run. However coming so close into this range, if we identify a sell signal it will likely challenge 1832 as that is the benchmark for the volatile movement we had last week. Back testing shows price always comes to benchmark if a resistance challenge in the same range is rejected.
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GoldView
EURUSD SHORT POSITIONThe pair followed the path beautifully. Take profit smashed. Stay tuned for more free analysis.
GBPUSD SHORT POSITIONThe pair followed the path beautifully. Take profit was smashed. Stay tuned for more free analysis.
Ethereum may be running out of Steam in the short termBulls may be taking a break on Ethereum as the recent momentum up fades. The trend up could easily remain in tact while the action looks to squeeze out some buyers on a pullback. Being a natural cycle of price action, buyers need to be put on the sidelines for price to reset and start a new leg up but this can also provide some good trading opportunities.
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