THE MAEKET HAVE FORMED A DOUBLE TOP, and under the MA 50, and facing a key leve. so just wait for a confirmation candle to make your entry!
Bouncing on a ley level, and both EMA 201 and 50. And we can see a pattern indicating a counter trend coming.
The market bounced on a key level, and on the smma 201, with a pattern of counter trend.
As you can see, the gold is creating a double top, and bouncing on the trendline, also we're on a decisive zone on the RSI, 3 indications to go short, so why not! The takeprofit was based on a previous demande zone.
Keep you eyes on gold this weekend, as you can see the xauusd has been under a trend line since the 9th of march on bullish movement. The 4th of august, the market broke the trend line, and started a "probably pullback" on the trend line. SO NOW WHAT CAN WE WAIT FOR? There is two probabilties, the market may break down that trend line again and go all the way down...
Since the 16th of june, btc has entered a correction phase, and today the btc breaks the channel where it was balancing. So what can we expect? The market will probably try to do a pullback on the 50 MA and the parallel channel at the same time, and then go all the way down again to 17616!
The XAUUSD entered a correction phase while being on a downtrend, it bounced on the descendant triangle, and the MA50, and also a key level!! What to predict? By the opening of the NY session, the market will break the parallel channel, and go all the way down to the next level to continue the downtrend! (i've took my position earlier today, but it not too late to...
Welcome everyone,i'm sharing with you this trade and will tell you how to treat this market. First of all, the DAX broke over the previous resistance which became a support, so its a key level. the market couldn't go all the way up to the next level which is a key resistance, and then it went back. what we can see, is that the market is in an up trend, and we can...
Even if it is almost late, but we are on a high time frame (1day) and the target can still give us a very good profit. So first of all, the nasdaq bounced on the MA 50, which was the first long signal, secondly we're getting near to the EMA 201, which is meaningful, and the nasdaq after all the way, it really needs to hit the EMA 201 and the key resistance. In...