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CHFJPY - FINALLY WE HAVE A LONG SETUPOn CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the upward momentum. Let me know what you think. Happy trading to everyone. ❤️Please, support my work with like, thank you!❤️
Long
by EdgeTradingJourney
XAUUSD Outlook 31/5/23. Very strange price action 🤔Good evening gold gang! hope you are well and survived todays price action. We started off with a 100 pip fall down to the key level in asian session .. the first in a while with any volume. Then a correction in London followed by a push through for a total of 400 pips of movement, 300 in once direction. A nugget here for you guys, Gold normally moves in corrections. What i mean by that is if it runs one way in london, you will usually see the reversal in NY. shh. Dont tell anyone My zones and targets were met, but not tradable as the price action did not line up. The 1m strategy, which im calling Gold Gang Concepts , did well and i managed to bag a few pips with it. Not bad. Ok the zones for tomorrow .. the buys are very nice with clean traffic to the left .. nothing to stop it hitting target should we get a close up there. Sells a little further away at 1944 to allow room for anything untoward in asian. We are ignoring the spike up from Monday as ive put on the charts. Ok gang happy trading .. shoot me a comment if you have any questions and follow along for constant updates during the day. TommyXAU
OANDA:XAUUSD
by tommyXAU
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