Targets
That time of the month again, shorting goldHello folks,
been a while since i planned my gold trades and while some might be intuitive it's always better idea to plan carefully.
Since my last update some gold made another run for the 1290s, beginning of June, after somewhat steady May with a lot of bears actions keeping it from reaching 1280. The wave is over and we are reaching downwards, with a target ~1230 to load before rocketing to the 1300s in July and August. We did similar trade for May, but here it is again.
Overall the last trade went well, but the structure of the trades could be done better.I didn't trade gold during the British elections, but did close beautiful trade yesterday on the rate hike. However, I did miss 3 other trades by less that 0.50 cents and it was all downloads from there. Overall I made an lost, which brings me back here. Always plan your trades carefully. I'll try to find the time to share with you guys.
I'll probably publish another idea before that but that might be the short before the long. I'm considering adding physical too.
entry: 1267-1260
tp1: 1244-1245
tp2: 1233-1232
tp3(?): 1220-1218
Happy trading folks.
EDIT: end of the month target for ETHER (EURO)Following yesterday's minor dip (not considered as a dip since it was testing support (source: twitter.com )), I reviewed how ether reacted after major liftoffs (i.e.: 19th May / 9th of June, based on our general LT supports & resistance (in complete line trends) and averaging this month's trending supports and resistance (in green and red --- trends), I'm very confident we will pass the 400€ mark by the 1st of July. Along that, if we consider Ether's behavior after major liftoffs, we can also think about a 448€ target being completed (green pointy horizontal trend) by the end of the month. The yellow dot trend isn't really anything ro think about, it's basically following the present trend and showing the end of month result (still above 400€) averaged on that trend. So ETHEUR target by the 1st of July, would be between 400€ and 438€.
Carefull not to trust my analysis as an investment advice, this is speculation based on trends, there's a lot more that needs to be done to guarantee these results, as much as I am confident we will achieve them, we also need to volume.
If you thought this was interesting, feel free to like, comment and share! Still a beginner in this so constructive criticism is always welcome.
#Bitcoin - where's next #ToTheMoon stop?As Bitcoin is trading at the all-time-highs, it's necessary to make an assessment of the targets for the long position.
If we look back we can see that during the last rally BTCUSD made around 261% of the preceding correction:
Now, as BTCUSD almost passed 161% level and assuming that history will repeat itself, we could expect the next "big" stop on our #ToTheMoon journey around $1800 level.
AUDNZD Pending Sell OptionAUDNZD long term - we have a clear bearish trend.
Short-term correction phase near FIBO 50%
We might have a stall phase. placing an order to sell the break of fibo level.
Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position.
TG and SL on the chart!
EURUSD making Corrections for a Good SELL!!!!Hello guys... EURUSD is consolidating from last week and confusing many traders to Short/Long this Trade. I think Tomorrow or next Week EURUSD will fall. Please read the callout on the chart for this trade ensure to close a bearish candle below the Blue Zone for Confirm Short of EURUSD.
#TRADEATYOUROWNRISK
#HAPPYTRADING
Long Opportunity in USDCADHello Guys.. As you can see in this pair (US Dollar and Canadian Dollar- USDCAD) is bounce from the Below TL and trying to break the 61% Fibo Level.
There is a good Opportunity I see to long this pair IF ir breaks the 61% level and closes above the 61% level to theTarget next fibo level 78%.
#TRADEATYOUROWNRISK
#SAFETRADING
AUDCHF Sell AUDCHF is reacting nicely to the top trendline on the chart. If price continues with an impulse down wait for a correction to enter short on this pair. RSI is extremely overbought as well so this is another indicaiton that price will fall. This should be a nice short setup. Good luck and safe trading
XAUUSD AREA TO WATCH + TARGETSTouched Daily support with fib confluence. Personally i'd like to buy gold a bit lower but because we have bullish divergence and a structure on the 4h i will be closely watching for buying opportunities in this area for a nice little retracement for gold. The black boxes are target levels that i'll be aiming for. Happy holidays and all the best for the new year!