New all-time high means time to consider shorting the market especially there is so much gap between fundamental and equity. Usually, this is the time when institutions and big banks take their profit and dump all the leftovers to retail. VIX will be a good hedge to an unexpected fall in the market. UVIX recently got out of the falling wedge, which can be a...
Hi traders, Possible 100% technical Gold long opportunity is seen, Entry reason: Right shoulder is acting as support TP: the technical point where RS1 crosses DT 1 GL !
Short-term profit target : Demand zone
Expected XAU to retrace back to 1910 level and retest, The short-term resistance was established based on the below reasoning. **50 Moving average acted as resistance in 4 hr chart ** 61% of fib level reached from previous high Short-term profit target : Target : 61% fib level from supply zone
USD is still trending downward, expected to deepen further as more QE will be taken in place. Long - term Trend: downtrend Trade setup - RR: 1:4 Expected CAD to retrace back to supply zone level and retest, The short-term bottom was established based on the below reasoning. The long-term uptrend line from 2017 acted as support. Short-term profit target...
Russia's vaccine news erased huge gains in the gold market today. it was panic sell, but momentum is still bullish. We may see magnificent volatility in the gold market in coming days. Expected XAU to retrace back to 1910 level and retest, The short-term bottom was established based on the below reasoning. **200 Moving average acted as resistance in 4 hr chart...
reached 1.618 fib extension level, we'll see short-term retracement demand zone level. The Cable is still in up-trend.
TP at point D reverse position from long to short @ D
GBP is strengthening as Brexit is brining positive UK economic outlook. It's now time for the retracement, both scenario 1/2 both provides 100+ pip opp. Suggested entry is a demand zone.
Hi traders, EUR has finally reached a strong support zone. We have several major reports tomorrow that may cause big moves in USD pairs. US CPI will probably impact this pair the most, I have two bullish scenarios IF DEMAND ZONE does not break.
short gbp @downtrend line. TP @ lower demand zone.
Hi traders, EURO's uptrend is declined by a strong sell zone @ 1.117000 level. We may see EURO continue to fall until the end of this year as the U.S. economy strengthens. Also, ECB is determined to maintain its present monetary policy until conditions improve, there's no positive fundamental news for Euro. We may see a little bit of retracement @ demand...
Hi traders, GBP broke out of the wedge pattern and trending downward. Good opp for shorts, low-risk trade. SL: 1.28660 TP: 1 st demand zone