Trendlinetest
EUR/USD: Daytrade-Opportunities!Hey tradomaniacs,
welcome to another free signal!
Important: This is a PULLBACK-Trade of current momentum BUT with the primary trend!
For now, Target 1 is more likely to be a nice sell-area!
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Type: Daytrade
Buy-Limit: 1,12950
Stop-Loss: 1,12719
Target 1: 1,13169
Target 2: 1,13488
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GOLD: Years-End-Outlook! We are at the CRUCIAL ZONE!Hey Tradomaniacs,
welcome to another weekly overview of Gold!
Let`s take a look at the year and what we see is crazy!
Gold started very well with the years-end-rally of 2017 and retestet the High of 2016!
Technical aspects:
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Gold was steady inside a range of 1.303 - 1.365 and broke through the important support of 1.280!
This caused a massive sell-off as every else down to to low of 1.160 which got stronger after
we`ve violated the trendline which started at the low of November 2015.
And as always - the 61,8% retracement was the bulls HEROS which is @ 1.183 and is the current support
after this sell-off. We`ve started to retrace up to the trendline again and are currently at a VERY crucial ZONE.
This ZONE is a very strong resistance and should be decisive for the next move!
We are at the 61,8% retracement of the previous sell-off which is at the trendline
Addotionally we`ve almost reached the 1,61% extension-level of the bulls whose bought this retracement.
Time to take profit or stack up positions?
Is all this a downtrend and we continue after this retracement?
Or will this turn out to be a fakeout and we continue the uptrend above the trendline?
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Fundamentally I see a lot of potential in Gold which alwys used to be a safe haven in bloody stock-markets.
The inverted yield-curve used to be a very reliable indicator for a upcoming recession and could change the cashflow
out of stocks into alternatives like gold!
We will see what happens!
I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-)
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Bitcoin Wedge Breakout, Unforeseen Move UpcomingNo need to get bull-hater with me, but the Bitcoin/USD market is a business, up or down.
Answer a question: What is expected to happen with a wedge pattern?
I tell you it's not a path with the destination to the abyss of "$2,000" "$5,000" (*¬*)
What is expected is a breakout!
No I am not necessarily assuring Bitcoin is now confirmed Bullish , but as this market flows money is made.
The wedge in and of itself does not assure an uptrend to the moon (I speaking to the bear-minded ones), rather, according to this trendline the wedge allows traders to have an entry point and to take profit at least up to the main downtrend line. That is now the plan being made in front of all.
Bitcoin cannot go down much more for now, nor is it assured to go lower.
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I speak now, I spoke then, At the moment I will say
PARALLEL CHANNEL ( A T )Dear Traders & Followers,
There is a possibility to go LONG from current price
to the level of 1.3000 or 1.3140.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
AUDCAD short analysis - DailyHigh probability short setup here:
- Shark harmonic pattern
- Fresh supply zone
- price reaching 10 month downtrend channel resistance
Thursdays is a busy day of economic releases in CAD, including core CPI, Retail Sales, and ADP non farm employment numbers, which should bring significant volatility.
NZDCAD GARTLEY ( Structure + EMA)Hey traders! Have a potential bearish Gartley pattern completing @ 0.92190. Price action has put up a new structure low followed by the recent lower low. XAB and C rules criteria's are met now expecting for the D wave completion. Price action trading below the 89,144 Ema . We see a structure support which became resistance, Notice the X leg of the potential bearish Gartley pattern has been test, so it might create a double top and hit to the targets. We also see a trend-line which acted as resistance so we have a good chance of getting our targets off. Stops given above X ( the RED line) Targets are 38.2 and 61.8.
Cheers.
EURUSD - Didn't have enoughEURUSD traded during the Asian session below 1.1270 resistance. My idea was that it will continue towards 1.1290. At this point I would revise this view. A close of this hour, before the London opening, below the up trend line would signal a bearish move which could end up testing 1.1200 area.