Gold has just penetrated a key level!We’ve just seen a nice push to the upside followed by a wick. This could be the beginning of momentum being lost and more sellers jumping in the market. I believe that we could start creating a small ascending channel towards 1910 and then drop in the same manner we did back in November.
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🎯 USDJPY is rejecting at 200SMA and FibonacciFX:USDJPY is rejecting off of 200sma and Fibonacci currently, which means it will retest the trend line shown and potentially break below, following the main trend.
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🎯 It is time to sell GBPUSD for the retrace.FX:GBPUSD is looking likely to reverse as it has just hit a zone of traffic near fibonacci.
Furthermore TVC:DXY has also continued to fall and may find a bottom soon.
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🎯 EURUSD has found support and will continue going upwards!FX:EURUSD has found support within it's current trend zone and looks like it may resume its bullish trend.
TVC:DXY has had upside so far this morning,
which I think will be short lived / no more than a standard price action pullback ready to resume it's downward spiral.
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EURUSD Short IDEARunning Trade...
We are already entered the trade wait for the 4h candle to close.
Stop loss 40 to 50 pips depending on your lot sizes Because we are looking more then 200 pips.
Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Going Short on GBPUSDRunning Trade...
Do your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
🎯 An opportunity from earlier this morning with GBPUSDWe have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.
🎯 Altcoin season - XLMUSD may have found support.XLMUSD has had a great couple of weeks, well done to anyone who has held long term. I am keeping a keen eye on the PA behind this coin and think we might have found short term support, to avoid a sell off back down towards Fibonacci. This being, the upside have a better confirmation, as and when the price is able to hold above the Fibonacci resistance line shown, and surpass the 0.21500 region.