Link to previous analysis below. Drop your questions in the comments section
We can go short on the pair expecting the market to hit previous resistance,while waiting for market to give a proper rejection to the downside before going long with a very risk/reward ratio. Leave your questions on the comments Like and comment! if you think we have a good market idea, this will encourage us to drop more analysis on the platform.
Analysis of my previous breakdown on the XAUUSD pair. I will link the previous analysis to this post.
Resistance retest. Trade will only be taken if price retest support and gets rejected for a move to the upside with a very good risk/reward ratio.
Market retest on previous resistance. Analysis from breakdown of the daily and 4 hour chart formation. Leave your questions in the comment section.
Analysis from a two hours perspective. Potential head and shoulders formation. Drop your questions on the comment section.
From the weekly and monthly perspective,price is consolidating in a resistance and support trend.From the daily and 4 hours perspective, price just hit support and is heading for the resistance. We are trading on the pull back as bulls look to gain momentum.
We wait for price to turn current support to resistance before going short to previous support
Double bottom chart formation spotted with price getting rejected at previous resistance. We expect price to fall back to neckline which is acting as support to complete the correction with a very good risk/reward ratio. Drop a comment if you have any question. Click the like button!
I traded this pair on the last resistance and price broke it and is going for the the next resistance. However from the COT data and my analysis, I still think the bulls dont have enough momentum to go further and that the bears will take charge with the trade producing a very good risk/reward ratio. What does your analysis say? Leave your opinion on the comment...
Potential shorting opportunity with a very good risk to reward ratio. What does your analysis say? Like and leave a comment
New week!,new chart formation!!,new trading opportunities!!!. Price is retesting a long term support with high probability of the support holding and bears getting rejected. What do you think? Like and Leave a comment