this trade is kinda tricky from my point of view. i've seen the strong bearish trend in the monthly which stopped and now seems to be consolidating and the price is currently at 83.000 level which is a strong s/r . besides in the weekle i see there is a bullish trend and in the daily the price broke the weekly trend line and the 83.00 zon but it wouldnt mean for...
although the price has been showing strong bearish impulse on the weekly and monthly it is right now at a level it has been rejecting for which reason it can be within expectations that it gos stringly to the down side hunting price and then comes back egain to the level 52.50 for this reason i will be expecting for it to happen plus a hh hl structure in the 4h...
looking at the monthly and weekly charts it`s clear this pair is showing strong sognals of strenght to the down side, adding a double top in the weekly chart and the last monthly close. i would be either expecting a range in the current area for this week or a candlestick formation that can provide a confirmation to go short. also there is an interesting fibb...
'This trade had sucj a great set up tp go short perfect confluences in the lower timeframes plus the tend confluence. but here is the thing with the area which is supporting the price. in the monthly for what i saw there is an important bullish structure which some could say its broken but i would just say the the trendline was broket the price is still above or...
right now i find many interesting areas for gold when it comes to the long term of this market however i rather focus on shorter trades. its obvious it has been very bullish this last months from the monthly to weekly being daily the only timeframe where it isnt showing such a strong impulse and instead seems the price is taking a breath right now, however the...
just waiting by the moment any desicion based on trend analysis or chandlestick patterns woul be to risky
major daily trend and new trend structure lets see if it keeps goin or turns down in the current level
Just checking in case is necessesary to close before the tp point