


Here we have the Pound/Yen. As I do many analysis, wanted to engage with my followers to see if you guys can help me analysis which direction would price action lean towards? Write your analysis short/long in the comment section below. Would love to hear your thoughts.
with the new year, comes market uncertainty. Uncertain which direction price action will go. First week of the new year, its best not to take trades, however, to let a beautiful price set up pass is almost unlawful in my eyes (lol). that being said, lets take a stab at this. As markets closed last year, we see that price rallyed down and was a bearish market...
The DXY paused on Thursday as investors considered what might happen next in the US Stimulus plan. However, technically, it's the quiet before the storm. Expecting the DXY to plunge should the allocation is to be raised to $2k on the stimulus plan. In that event, we can look for Bullish positions on XAUUSD, as DXY will drop, causing the gold to complete a...
Looking at historical data as we have analyzed with the presidential elections, we can see that back in Dec 20, 2019 to Dec 31, 2019, price rallyed up approx. 3500 pips before seeing some momentum to the down side, before recovering and continuing with market structure as per the illustration. In addition, we see that market pushes to sellers protection where...
We've seen that GOLD has been traded historically higher than previous data suggests. On the H8 timeframe, we can see a retracement happening, being rejected by the strong support at 1894 area. Bears are protecting that area. This was a retest from previous attempt to break it from Nov. As per the Fib suggests, we can see a nice retracement lvl of 50%, ...
Observing this pair on a H4 view, we can see that price is making HLs. Throwing the Fib, we can ascertain that price might do a reversal to the 79% before rallying up with a 30pip SL to make +200 pips. Looking to swing this trade long term on the BUY.