gold come to his master trend line, as you know from fundamental view 2300 is very easy to reach, my last public analysis, :) buy @ 1875.5 stoploss : 1848 tp : 2300
+ Why do you expect euro goes downward !? Answer : New coronavirus-related restrictions Eurozone growth to slow as second wave concerns intensify ECB relaxes bank leverage EUR money markets pricing in a chance of easing next year ** ECB to allow the virus to push euro lower and then hit it on its way down with more QE ** ECB is...
need to be very care full about it. but it seems as a fundamental view it will be easy to see this move. 1:1 risk free. risk just 2%. watch my last analyis about EURO/USD
please notice 1. risk free after 1:2 RR 2. risk max 2% of your balance 3. i draw every line for a reason, some of them becouse of close and open of higher time frames candel, some of them fibo levels, 4. every analysis and every person could be wrong, i am not nostradamus!!
everything is clear on the chart after breaking of the trend line we can go for nice short, with 1:3 RR sell limit @ 0.6767
Need VALID BREAK to going for short! if goes up and test high of channel, looking for reversal pattern to get in short postion,
WATCH AND READ FULL OF NOTES IN CHART. 100 1h EMA valid breaking is important!
after break of 0.5969 going for short in nzd chf. next big support will be 0.5800! 1:5.6
Reasons : In AUD/JPY price protected by serveral important factors which: 1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100 2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060 3. Our Trade Stoploss protected by nice trend line (...
As you can see easily we expect from gold to go for new lows, reject from important resistance with crazy EVENING STAR PATTERN, which is one the best reversal trend patterns in candel stick analysis, time frame : 2H stop loss : proteced by 1. lvl 50 fibonachi retracement 2. important supply area 3. important bearish candel stick pattern 4. important 20 EMA for...
Going with the trend , STOPLOSS protected by 2 moving avg and fibo 38 - 50 - 61 . enjoy. 5 lines defend our stoploss
As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR! What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied...
LOOK AT THE CHART ! STRONG EVENING STAR PATTERN, EXPECT TO SEE BEARISH MARKET. TP: 1.1720