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XAUUSD Daily ChartHello, Traders as you can see price respected the orderblock at 1850 and rallied down to 1800. I was expecting fomc to be more volatile and for gold to rally up from 1820. However, that wasn't the case. As gold is entering a discount market Im waiting for gold to drop down into the Bullish orderblock and ideally be buying at 1880 which is a algorithmic level. We know the algorithm seeks the 20-50-80-00 numbers. I wish you good luck and good trading.
OANDA:XAUUSDLong
by popeofgold
BTC 2020....What an interesting year it's been for BTC. Lots of good news. At point A), BTC is in Lockstep with DXY...Unusual. A "Divergence" of sorts. Indicating the asset it being absorbed. At point B), BTC returns to it's "normal" , opposite type PA to the DXY (Dollar). Normal behavior. The green Verticle, the fun begins. It's March, DXY is pumping, and so is BTC once again (yellow arrows). ....As soon as DXY begins it's decent...BTC takes off. At point C), DXY finds it's bottom. And BTC bleeds off (as would be expected). Sept 25th DXY tops, and BTC is once again "Off to the races". Which is where we find ourselves today. Watch DXY. Watch BTC's reaction to DXY. If you see DXY dumping, and BTC is dumping as well....It may indicate the "top". Something to always keep an eye on, whichever market you trade. As always, good luck, have fun and practice solid risk management.
Long
by mrjones2020
Our Stock of the Day / WMTToday we have a Long setup to share. Here you will have a full explanation of it a) The price is above the ascending trendline b) Currently we have a corrective structure supported on the ascending trendline. We can see a clear compression. c) Based on those items we will take a long setup with all the parameters as you can see on the chart d) Our Break-even level will be the first Fibonacci extension e) We will risk 1% of our Capital on this setup f) We will cancel the setup if the price goes below the structure g) Remember: Trade safe, protect your capital, and always understand what you are doing
NYSE:WMTLong
by ThinkingAntsOk
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