We went Long on XAUUSD after the asset made a bearish move from the high of about 1847 all the way to 1824. FAG was spotted on the 5m TF. Entry was around 11:20 AM GMT targeting 120+ from this trade. Well, we went above that and now running over 200+ pips.
Sometimes, you need to spend time with the pair and watch what it tells you. Forget all those indicators....
PAIR: AUDUSD
A short trade was taken from 0.71780 with TP1 (0.71580), 20 pips already archived. The target here is 100 pips with 40 pips SL. Partials already taken with breakeven done. A risk free trade now. A trendline on the H1 time frame was broken with price moving back to that broken area. This informed my short trade on this pair.
Let me know your thoughts...
Went short on GOLD at 1856.50 and aiming 1845. The market moved into about 50% of yesterday' range and 0.68 retracement from the high of today which was formed during the Asian session. Already 70+ pips made and it's been great. Just like the Friday's trade. Let me know how your trading is going.
XAUUSD has been consolidating the whole of this week. We saw the LL being made on the Tuesday on the Daily timeframe and we've seen price bounce off from 1914.857 on the Wednesday candle. Today, Friday, price pulled back during the Asian session all the way to the London session. New York open saw some volatility making the metal gain some momentum towards the...
The first token in history has seen a marginal rally making it's peak in November. The price started dropping since to it's current price. It clear from this analysis that, the token is currently in a wedge and will make a bullish spike. However, it's not clear when and where it would move first. This analysis indicate the strong support around $29,000 and it's...
