Gold - UK session volatilityGold has tapped into both support and resistance today during the UK session. Right now, we just have to be patient as the market ranges and lets us know which way it wants to go.
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Gold has just penetrated a key level!We’ve just seen a nice push to the upside followed by a wick. This could be the beginning of momentum being lost and more sellers jumping in the market. I believe that we could start creating a small ascending channel towards 1910 and then drop in the same manner we did back in November.
Gold Forecast 3 - Mon 21 DecIf the market wants to keep pushing Gold throughout the rest of the year then I will get involved in this position and ride the wave up. I’m expecting Gold to range during the Monday and Tuesday session before it decides on where it wants to go.
Gold Forecast 2 - Mon 21 DecIt’s also very possible for Gold to break through Resistance 1 during the remainder of this year and tap into that Key Level before dropping.
Gold Forecast - Mon 21 DecGold doesn’t have to be complicated. I’m forecasting gold to range around Support 1 and Resistance 1 for the rest of December. January is always a big month for trading and we have to be prepared. Big swing trades are coming soon!
BTCUSD - LongCOINBASE:BTCUSD
Longs, as posted, are now running nicely. Entered off the retest risking off the lows, really simple and clean. Upside potential is still looking really nice for bitcoin, if we can break 20,000 then I think 21K will be achieved as my overall upside target
🎯 USDJPY is rejecting at 200SMA and FibonacciFX:USDJPY is rejecting off of 200sma and Fibonacci currently, which means it will retest the trend line shown and potentially break below, following the main trend.
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🎯 It is time to sell GBPUSD for the retrace.FX:GBPUSD is looking likely to reverse as it has just hit a zone of traffic near fibonacci.
Furthermore TVC:DXY has also continued to fall and may find a bottom soon.
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🎯 EURUSD has found support and will continue going upwards!FX:EURUSD has found support within it's current trend zone and looks like it may resume its bullish trend.
TVC:DXY has had upside so far this morning,
which I think will be short lived / no more than a standard price action pullback ready to resume it's downward spiral.
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🎯 Don't miss this opportunity for USDJPY upside.USDJPY has snapped back into a bullish trend after a successful retrace to 0.5% Fibonacci twice, confirming a double bottom. Red dotted lines are areas of potential resistance, white lines are fibonacci levels.
EURUSD Short IDEARunning Trade...
We are already entered the trade wait for the 4h candle to close.
Stop loss 40 to 50 pips depending on your lot sizes Because we are looking more then 200 pips.
Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
🎯 Don't miss this opportunity for EURUSD upside - FibonacciEURUSD has continued to remain strong as shown by the chart analysis. Whilst 1.22 is the likely target, it could extend further to the fibonacci resistance shown.
🎯 Don't miss this opportunity for USDJPYUSDJPY looks like it has found a top at the fibonacci resistance level shown. I would expect a retrace back down towards the fibonacci support area, potentially dropping below into a consolidation phase. Nice tight stop loss as per usual.
Going Short on GBPUSDRunning Trade...
Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
🎯 An opportunity from earlier this morning with GBPUSDWe have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.
🎯 Altcoin season - XLMUSD may have found support.XLMUSD has had a great couple of weeks, well done to anyone who has held long term. I am keeping a keen eye on the PA behind this coin and think we might have found short term support, to avoid a sell off back down towards Fibonacci. This being, the upside have a better confirmation, as and when the price is able to hold above the Fibonacci resistance line shown, and surpass the 0.21500 region.
🎯 Don't miss this opportunity for GBPUSD upside.Don't miss this opportunity with GBPUSD to kick start the week ahead. DXY is bearish, and GBPUSD is holding above Fibonacci and 200sma.
🎯 AUDUSD downside opportunity off Fibonacci, don't miss out. AUDUSD looks like it has found its potential top after a very bullish November, and could drop as far as 0.73 / 0.72850 region.
🎯 Don't miss this opportunity for XAUUSD (GOLD) upsideXAUUSD is looking ready to begin its retrace after a long bear run in recent days / weeks.
🎯 GBPUSD Fibonacci reversal back to the upside, take a look. GBPUSD is holding at 50SMA and Fibonacci, with DXY struggling to gain strength this pair looks to reverse back to the main trend upside.
AUDCAD - ShortFX:AUDCAD - A lot of Canadian Dollar pairs are in very interesting areas for sells, which is always nice to see that confluences across the board. Rejecting the 78% fib, -27% lining up well with our monthly level. Seeing signs of a liquidity grab at the moment, looking very nice!
