GBPJPY AnalysisPrice is entering a period of consolidation at a resistance area at a descending trendline. At the moment, we are trading around the 132 key psychological level but 100pips north we have another resistance level which also lines up with the 200MA. Selling at current levels with stops above this area could offer a good R/R but be aware of some price manipulation and false breakouts to the 133 resistance area.
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GOLD Equilibrium| Structural Resistance| Trade Set UpToday’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break
Points to consider,
- Confirmed break and retest for validation
- Define risk at recent swing low
- Technical target at HTF resistance
- Price action to monitor
Gold needs to break its current resistance and establish a retest which will allow for a long entry.
Risk will be associated with the most recent swing low as this is a breakout trade with a quick invalidation.
The technical target is association at structural resistance, strong pivot area where price action can help with the directional bias.
Overall, in my opinion, GOLD will break out of this equilibrium; a long trade will be valid upon a bullish break with the technical target being structural resistance.
A break below support will invalidate the trade setup
What are your thoughts?
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And remember,
By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.” Larry Hite.
Matic MATICBTC Fibonacci cluster + Price Action targets.Fibonacci study charts modified version with price action targets.
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Dax daily: 19 Jul 2019 We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap.
Important zones
Resistance: 12 380
Support: 12 234
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
Dax opened with an ascending gap and continues heading upwards. The first resistance level where we could find some sellers lays at 12 380. However, it is more probable that bears will first attempt to close the gap between today's and yesterday's sessions. The level of 12 234 is likely to function as our support where bulls could prove their presence and take Dax higher.
GBPAUD Counter trend line brokeThe next trade is around the corner, you can have the best strategy but if your psychology is bad you are going to lose in every single trade. GBPAUD ready for a ride to 1.8500 monthly key level. Tomorrow we have fundamentals in GBP so be cautious and take good stop losses, remember that this pair is very savage some times and can kick you out of the market in minutes. Have a good day traders! dont forget to follow me in this platform for free ideas of trading in my Favorite pairs
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Some times i publish some charts in silver,