Gold Daily (And H4) displays a great rejection of 61.8 Fibonacci Level. Historically, and since mid September 2019, price has never closed above that level of 1514 to 1515. Furthermore, evolution in the Trading agreement between the United States and China, combined with the Senate rejecting the Impeachment should appreciate the Dollar, thus depreciating...
Trend Line here suggests great short entries. Good entries in this area here. Swing trade to hold for a while.
GBPAUD is, for the 5th time, approaching the top of a parallel channel on the Daily Time Frame. Price has never broken and closed out above it in over a year and a half. Historically speaking, should we get a rejection and a failed retest, GBPAUD could yield serious profits on a swing trade opportunity. Immense R:R with great returns, and little risk.
EURGBP Followed the logical pattern after a nice head and shoulders. Now, price is facing heavy resistance (Key Area) at the weekly 61.8 Fib and broke an important bearish trend line. I'm expecting Price to move on a bullish run, in accordance to the Pound losing momentum, ahead of Prime Minister Boris Johnson's ruling of the Supreme Court, and the Euro gaining momentum.
EURCAD dAily seems to reject Weekly 0.618 FIB as well as a past key area which now acts as support, Oversold RSI on H4, H1, as well as a weekly trend line rejection. Entry upon rejection and markets returning to normal spreads.
Parallel Channel Rejection giving up short opportunities on the Daily CHFJPY. TP's and SL based on past key levels.
USDCAD showing a clean break followed by a close followed by a failed retest of the M30 Bullish Trendline. Selling this pair and looking at taking profits prior to Fed's interest rate decision tomorrow
AUDUSD showing signs of exhaustion when testing the key area which acted as past resistance back in 2016. Counter-Trend buy once the failed retest happens.
Gold (XAUUSD) is expected to be greatly impacted by The Fed's Interest Rate decision on Wednesday. With recent and predominant rumors of cuts, expecting Gold to enter the 1355-1360 Area is very likely, which could be followed by great short entries at past key area which has been valid for the last year and a half. Also considering a great Daily Wick which shows...
Expecting EURAUD to reject this key area, as it has four times in the last year, allowing for short opportunities following a rejection, a close, and a failed retest. Overbought RSI is also acting as confluence.
Rejection of 61.8 + Key Area - Long after a failed retest of that key area on H4.
GBPUSD is now testing a major key area of support for the 5th time. If price rejects cleanly, I'll be looking at buying at around 1.27000 with a great R:R headed back up to the 1.29XXX area. Thank you for reading this, have a nice day.
I'm expecting Gold to reject that ''Buying Area'' And keep its consolidation madness going. Will wait for a good Buy Entry in that Area.
Short term XAUUSD respected bearish trend and found support at the 1293 area. Shorting this as markets open.
EURAUD looking good for Shorts, once Price rejects 0.618 FIB and support. Simple Setup.
H&S + Failed Retest of Neckline. Simple Setup
Looking for a failed breakout of the channel. Channel has been valid for over a year. If we see a clean breakout + failed retest, We'll look for short opportunities. Biased Long
H1 Shows a solid support + Bottom of Channel rejection. Great Long entries in the immediate future. Considering TP at the Median.