OANDA:XAUUSD and CURRENCYCOM:GOLD the descending triangle has been forming for the past couple days. with lower highs and lower lows in play - a clear display of a downtrend I will be entering this position based on price action. Before you enter wait for the volume to pick up on the breakout, then follow the entries but if the volumes dont increase on the...
FX:USOILSPOT Based on Price action we have 3 previous Low points and All from February which can easily make these 3 a good support. the price can easily bounce upwards from these zones but if it breaks towards the downside then 66 will be our next target. I expect the support to at least be touched before we can see another 110 in the next couple weeks
OANDA:EURUSD Based on the news and this week Europe Inflation projections the Euro will continue to weaken and keeps sliding downwards, how ever with the US BOM Q2 coming Monday around 13.30 GMT we might see the US weaken there by causing breakouts to the upside but in overal downtrend
Based on Price action alone I can safely say AJ has a potential upwards push then it can force it self down wards back into the downtrend / so technically the little uptrend breakout can be a pull back before the bigger drop || Drop your opinions in the comments
Based on price action gold already hit retracement from that strong resistance around 1808. We saw a bounce back to 1825 but it's not over yet. The next target will be 1829 previous support then after that, we can head towards the 1700s. If you are not sure you can easily move the entry to 1832and if it breaks 1840 then a bullish trend will head towards 1860 /1880/1905 etc
BTC has been ranging after coming out from that last LL 25330.00. In the range, it created support at the bottom and res at the top. It entered the range from the bottom so likely to come out at the top which is the next target in the green circle| if you have questions lets discuss them in the comments
Following price action and the recent W pattern that formed , I am back on Nas looking for a buy but i have my sell stop on the red marking. Follow the chart and ask me questions in the comments
After a few weeks of just monitoring Gold and using price action, we can see multiple BOSs but I went with one. After the last BOs we saw that liquidity grab looking candle and it went back up i expect it to drop a bit more to 1905 to 1910 area where i will set an alert and good buy area. Sl just 60 pips and Tp 120 pips and i will start moving Tp till 1960. if it...
OANDA:NAS100USD or NASDAQ:NDAQ formed a reversal cup and it can only retrace back to the opening in this case the bottom. However, with the Ukrainian crisis, we saw the markets reversing today but the war is far from over in the developing days wee might see this chart come to play. Ask me anything