Fundamental analysis: The world is facing a new version of corona which has just appeared in UK. A lot of doubt and uncertainty so as always gold is the safe haven Technical Analysis: Gold has just made a bullish impulse which may mean the end of the bearish correction, now the gold is making a running flat for a continuation up towards the + $ 2000 levels and...
After a big bulish impulse, made a big correction, now we are waiting for a confirmation to take a buy position. Our TP is around 23.15000 with a reward risk of 8%. We will move our SL to BE around 22.45000 .
First target in our last DXY analysis done ✅. Now in the second position we should move our SL to BE (risk free). And let the market play.
After breacking the last high around 1770$, the price made a hug down impulse and ranging (creating a small flag in 1h timeframe).Now we are looking for a confirmation to enter the trade and see how the market will play. The Risk Reward is very big ~20% which is so good.
Hello Traders, here is the full analysis for DXY, let me know in the comment section below if you have any questions, the entry is taken in smaller time frame. Keep this setup in your Watchlist.
GBPJPY is making a correction after a bullish impulse and that give us a buy setup
USA going from a very difficult situation with the coronavirus, very high unemployment rate ... Technically, the DXY made a big bearish impulse and it now corrects, by approaching a resistance zone, I see a possible SELL
After a big down impulsive move, USDJPY did a flag and a small 1h OANDA:USDJPY correction. With sell potential target around 102.500
GBPUSD made a big bullish impulsive move due to the drop of the Dollar. Now, we have a bullish flag and that mean a good signal for a continuation of the bullish trend. My Entry point is 1.23000 , My SL recommended 1.21190, My Target is around 1.34000