GU has been in a downtrend for almost a month now. I see it going back to the 1.34 (major psychological level) zone. The hourly timeframe shows an RSI Diverge that can be used as an entry point.
Hope you can catch some good pips in this operation
As we can see EURUSD has been respecting this downtrend since early September.
As I mentioned in my last trading idea, I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as an educational post.
This is my take on EU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and...
As we can see AUDUSD has been respecting this downtrend since early September.
I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as a educational post.
This is my take on AU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and open a sell position
Since last month GJ has been on an uptrend, but if we look at a bigger timeframe it's been on a downtrend since May. So my take is waiting for a breaking on this triangle and open a position on each way it goes
This pair had broken an important resistance with a lot of momentum. I will wait for a clear retest in that resistance zone so I can go longer without a doubt.
If you have any takes on this trade, please share it in the comments down below
As we can see on the 4h timeframe CADJPY has been in a downtrend for a while. It seems to respect the trendline and I think it's still going down. In case it hit SL watch out for what the price does around the resistance area. If it rejects it enter on another sell, if it breaks and retests, go for a buy
Please share any thoughts on this trade down below
Hello guys, today I want to share with you a trade a will personally take. As we know GN has been on an uptrend for a while now. It's actually retracing, it passed the 38.2%, and the 50% of Fibonacci retracement. As we know New Zealand is extending lockdowns due to rasing CoronaVirus Cases, so we can assume that the kiwi will be affected sooner than later. It left...
GBPJPY has formed a triangle since July 12th, so there can be trading opportunities either way it goes, it all depends where it breaks. My personal take is that it's going up, to at least 155 ( A major psychological level) because in the 2h timeframe the candlesticks are above the 50 MA.
If you have your takes and thoughts on the pair, please comment down below,...
EURCAD is respecting this channel formation since April 20th, so it's going all the way down. If we can add, there's some kind of head & shoulders. If you have any thoughts on this trade let me know
After an amazing selloff, gold might recover its last week's levels. The Fed is not raising rates tomorrow, but in 2 and a half years (end of 2023). So due to the rising inflation and the fact that interested rates are not rising anytime soon, I firmly believe Gold will rise again.
OP: actual price ($1773.00)
SL: bellow last low ($1765.00)
TP: Open between ($1785-$1850)
As we can see US Oil has formed a channel since 4/5/2021. As we reached the bottom, it should go back up at least 66.50. Use proper risk management. Oil is pretty volatile.
Hope it can be helpful.
Hello guys. I'll share a trade that I'll actually take on USOIL (WTI Oil). We saw in the 2 hours frame that only the wig has gone below $64.50. So it seems to reject that support. My takes are it's going up to the 2 months resistance around the major key level of $68.00. Adding the cuts on the US Oil production and the increasing demand should hype the price...
Hello guys, I wanna share with you 2 possible scenarios. One is gold heading toward the Fibonacci extension around the 1840 zone. The other possibility would be a double top formation around the 1800 zone (also a major psychological level). It is up to you. Hope it can give you some help.
Also, I'd like to hear your thoughts on what will happen.
Hello guys. I want to share this trade I'm personally taking. GJ respecting a bearish trendline. We see a crossover on the EMAs in all the time frames. It also respected the 38,2% Fibb. Pretty sure it's going down to at least 150.00 (previous support, also a psychological level). Another TP could be on 149.50 (psychological sublevel and also a previous support...
