Gavin_GMT

Gavin_GMT

Two scenarios. Wait for retest to confirm an upward reversal or for a sharp dogi to confirm a downward continuation.

Gavin_GMT

Ranging maket. Watch your oscillators and be patient to get the best entries.

Gavin_GMT

The market has been in this pattern for the last 3 weeks. We keep bagging pips.

Gavin_GMT

Not much to say. Ranging market. But more on the upper half of the channel, if price breaksout, expect high volatility.

Gavin_GMT

Upward Trend. If the US Continues to beat the war drums with Russia, the markets will push even higher. Also with no news surrounding Covid, the British economy looks great.

Gavin_GMT

This pair is still in a ranging market given that neither buyers nor sellers have dominated the markets. Therefore, keep buying low and selling high but pay special attention to the news. Especially USD given their current rift with RUSSIA over UKRAINE.

Gavin_GMT

RANGING MARKET. Respect use of Stop Loss and you will collect a lot of bags.

Gavin_GMT

CASE A: Very Strong Sell. RSI shows an over bought market. CASE B: Market retests first before a sharp decline and return to downward trend. CASE C. Trend Direction has changed. Whatever the case, wait for a confirmation and trade the trend.

Gavin_GMT

Currently the market seems to be breaking out of the downward trend it has been in since May 2021. Case A: Wait for breakout from triangle. With the high inflation affecting the USD, this is the more likely scenario. Case B: Price breaks to the downside and we maintain the downward trend. Note: Patience and Discipline. Don't chase after the market. Allow it to...

Gavin_GMT

We see possible scenarios here. The market direction may have changed already but we have to wait for a confirmation. This will be buy a retest on the previous support followed by a decline. OR It might be a false break out due to some fundamental news. In this case, wait for a retracement back into the trend then buy, putting SL and TP at reasonable points.

Gavin_GMT

GP FX:GBPUSD This is a market forecast of how GBPUSD will likely behave if all factors remain constant this week.

Gavin_GMT

Here is a the technical analysis chart for GOLD for the first week of February. Targets were set and achieved accord to the the TP and SL. Happy Trading day to all.