Gold is at the bottom of an important channel. Thinking it will hold and go up based on inflation concerns worldwide and also following the trend in this upward moving channel
Potential short on XAUUSD either now or potential to hit resistance at $1,588 1st TP is $1,565 2nd TP is $1,548 Use strict risk management as could break $1,589 on some bad virus news DYOR
Expecting a big swing trade for EURCHF from 2017 lows. Buying at 1.06250 with 1.05900 SL 1st TP is 1,08350 2nd TP is 1,09700
I'm hoping for a nice long term short trade on USDSEK with a double top formed on daily chart and reversing on hitting resistance Selling at 9.65600 with SL at 9.66100 1st TP 9.53767 2nd TP 9.30600
AUDNZD is sitting on a very strong resistance area. Potential for a good swing trade I've placed a long position at 1.03445 with a SL of 1.03150 and a TP of 1.11800 There was some good Aussie data this week which may have reduced the chance of a rate cut in Feb
CADCHF is approaching a strong trend line which it has bounced off twice recently Taken a small initial entry at 0.73574 and will look to make more entries closer to 0.73400 if it retraces a bit SL @ 0.73200 and TP is at 0.76200
Expecting a big move upwards in GBPNZD in the next few months now that the UK election is over My SL is at 1.99464 and TP 2.41000 This is a long term trade so use your own risk management depending on your trade duration
Potential for a long term short back to $1,400 with the UK election this week and hopes for a US-China trade deal before 15th December Putting my SL at $1,465 as so many variables with mixed messages on both fronts
Potential Short trade NZDCHF Pair has traded in a pattern on these support and resistance levels 4 times now so expecting another move down. My SL is 0.64125 and TP 0.61980 and using tight MM as some big European data this week
AUDNZD has started bouncing off support after last weeks interest rate move. My SL is at 106.100 with a TP of 108.250
Potential Long on EURJPY as it seems to have reversed negative momentum My SL is at 120.000 with first TP at 121.000 and 2nd TP at 122.900
Potential short on EURUSD to 1.1075 if it stays below trend line and 1.118 resistance Further push down to 1.09 if USD strength picks up after trade deal with China
AUDUSD potential to reverse from support zone. My SL is 0.68400 and TP 0.69250 Using tight money management as crazy Friday !
NZDCAD is hitting resistance and expecting a move back down to 0.83 Maybe wait for China's data at 12 Aussie time before making the trade
XAUUSD has touched a very strong trendline since September. Each time it has broken it has come back down. Use good money management with Brexit and US China trade talk news this week
There is a potential long trade if EURCAD holds the 1.45700 support area
Potential Short on 4H chart. Looking for 5th bounce between $1,525 resistance and $1,485 support Keep money management strict as upside potential if there is any negative news on Brexit, US/China trade deal or Saudi/Iran Middle East tension
Potential short trade on gold down to $1,485 Use good risk management as any escalation in Saudi oil crisis could reverse the trend