MokaTrades
Our previous short on Gold worked beautifully. Next up we are targeting demand zone around 3330-3324 levels... Aggressive entry can be taken now, with small size. Personally I will be waiting for price to reach my levels. RISK MANAGEMENT IS THE KEY!
Taking a punt and shorting XAUUSD at 3364.05. Stops above highs of 3375. Pure Punt based on a somewhat supply zone formation on 1h,2h,4h. Risk management is key on this one, any breakout will take out 3403.65.
Hoping to go long at the test of the demand zone in the range 1.74539-1.74237. Stops around 1.73856, target handle to take profit: 1.75875
CHFJPY is primed for a breakout... Big move expected. Stops below 175 or 172 depending on type of pull back. Target at 189-190
GBPAUD testing a demand zone, long initiated at 2.07050, stops below 2.06687. Targeting 2.07790 handle to cover the long. Demand zone on both 1h and 4h.
AUDUSD into a supple zone as marked. We have initiated short and stops as seen above. Divergence on AUDUSD ( bearish) and on DXY (Bullish) may lead to dollar buying. Since last couple of months Aussie is following the S&P 500. IF S&P breaks higher, Aussie may break higher as well. Trade with caution.
Initiated short as shown above. We believe that DXY is nearing its end of a downleg for short term and may retrace soon. Trade with Caution
As mentioned in an earlier post on GBPUSD short plan, the price made a V return to our first sell zone yes we cancelled the short trade, and now we are approaching our second sell zone and we will initiate short there.
As mentioned above in the chart, the price action has made a V-shaped return to the supply zone marked in red. In such a scenario we refrain from selling in that zone. Further, there is another, better, supply zone just above on the 4h time frame. If the price reaches to the mentioned zone then we initiate a short on this pair with a stop loss just above the...
If you guys have seen our recent analysis on gold you know that we have been shorting it all the way from the 1540s. Due to the recent US-CHINA negotiation optimism + a surprisingly better employment data earlier today, we have seen a sell-off in PMs and Yen. In our opinion, there are some good stops at and below the 1520s and we may see a run down near 1500....
Sell zone is marked in red A potential place to short in our opinion exists there. Stops just above the zone. Will monitor as we go.
Possible Plan to trade BTCUSD in coming days. Intention is to go long in the demand zone marked in blue down there. Stops just below the base of the zone.
GBPUSD just had a nice splashdown and have given us a small supply zone to start looking for shorts. If the price actions approaches the supply zone in V shape i.e heavy momentum then we will have to be careful in shorting at the zone. A bigger and better supply zone is high up to look for bigger entry.
We have initiated a short on EURGBP at the latest pop. The entry is few pips early than the supply zone just above. If we go in the supply zone we will add a little bit to our position again.