FOREXCOM:XAUUSD looks like it could potentially turn bearish and push down to $1400 . With the help of the global pandemic COVID-19 and the likelihood that less physical Gold will be purchased, we could possibly see the market open bearish and begin a C wave within a 12345ABC pattern. It's important to note that there are many fundamentals which may get in the...
FX:USDJPY has rejected a support turned resistance and the top of the bull flag. It looks like price isn't ready to break out of the zone yet. Hopefully we are not just witnessing a retracement to the H4 14 EMA before price pushes up, hence why we are in a smaller lot size, as I dont want to miss the opportunity of shorting the pair and gaining some more pips. If...
FOREXCOM:XAUUSD has now reached a crucial zone; $1400 to which it rejected. Those of you following my FX:USDJPY analysis will understand that the analysis supports Gold analysis too, as UJ and Gold are indirectly proportional. Hopefully both pairs will push to their TP's. If you take the trades, risk accordingly and do so at your own risk. I am not a...
USDJPY is currently in a daily bull flag. Overnight price rejected not only a zone, but also the bottom of the flag. Since then we have witnessed a candle close which is backing our analysis. The flag has been respected very nicely, so hopefully this trade will pay off. I am currently in two positions as I am also expecting USDJPY to break out of the top of the...
EURUSD Short M15 Rectangle and bulls from previous support