Channel of consolidation to retest a downward trend from the EUR USD, based on the Strength of the Dollar right now.
If the demand zone breaks, go long.
Reaching a high-level of resistance, waiting for market open at Friday morning.
If the level of resistance is broken with a new opening high, go long for sure. Even though, there was a false breakout of the resistance level. If the opening breaks below the current level, the trend might be exhausted.
Also, the earnings news expectation might be optimism and...
The USDCHF reverse the downtrend and the EMAs + the trend line is supporting this idea. If the EMA 25 crosses upwards the EMA 50, without doubts we can go long, at least 2 Fibonacci levels as shown.
Be careful, because if this pattern is not confirmed by the EMAs, the currency could keep the downward trend that remained for quite a long time.
Be also careful,...
Looking good! A real uptrending way in the gold. Breaking support from Fibonacci.
Perfectly take the next resistance level, with a TP from 30 to 50 Pips in the next 4 hours of candles.
SL can be placed in the current fibonacci retracements, the second highest level.
IMPORTANT: do not leave the trade open for the next day.
Cheers!
BHP News and performance are looking good!
The Auto Fib Retracement is being respected and the max resistance had been passed. Definitely a BUY:
Entry Price: 1750.00
SL: 1720.00
TP1: 1770.00
TP2: 1790.00
Until signs of reverse!
USDCAD with a Bullish trend overall. The last candle is confirming the level support. Going long with the trend for the next two Take Profit Levels. FX:USDCAD
Price Entry: 1.36080
SL: 1.35865
TP1:+30 PIPS
TP2:+50 PIPS
TP3:+80 PIPS