We were stopped out in our last entry, and this is the last and best shot we have got to catch the buy at the moment, at least temporarily, lets go guysss!!!
As analyzed earlier , looking for buy opprtunities in Gold is the best best you can have, this is a set up and please note it is not in any way a financial advice but these ideas are just how view the market
Sometime last week I posted about how this commodity was in a range and how if it ever hit the bottom of the range we should place trades of buy positions or if it ever broke out to the upside, we should look for buy positions.
this one is hindsight but I caught it while it was in motion form the point of entry to the point of take profit
I established last week, i would like to see some bullish activities on the cable and it played out but not form the position we would have loved to take long entires from but I believe another opportunity will present it self this week if the pair doesn't go into a temporary moment of indecision which will mean a short term range.
we can also sell short term to...
Over the last 12 days or there about which would be considered to be 2 weeks considering the fact that the Gold market doesn't open weekends. following the bullish movement of this commodity, we can estbalish that a break to the upside will be more plausible looking at the higher time frames.
I'd say you should buy at the base of that consolidation but it is not...
So if we look at the higher time frames, we will understand that eur/usd is currently hitting a very very significant level in which the bulls are interested in and from the looks of it, in the last 60 days, more like 20 actually, they have been selling massively and also going lower to the 1hr time frame, you would notice something like a shift especially in the...
Please refer back to my last post to makee sure you know how to get into posiiton for this buy and also please take note fo the things that might happen such as short term orr intermediary consolidation.
lets see if this idea pans out.
In the last 60 days, we have seen that GPBUSD flight downward as its counter-part if you can call it that, the eur usd, basically they are giving off the same outlook.
Potential short term / intermediary range, which will involve the participation of both sides of the market, but overall,i expect the bulls to take over towards the upward side but what is a bull...
