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Technicals

Top Ways to Trade the Volatility in GoldGold has been holding our range between 1905 and 1977 for a while now. The large price fluctuations have tested the extremes of this range, but have not broken them. You could have made serious $$$ clipping these levels. Currently, gold has caught some steam and is currently testing 1964. Be wary of this!! The Kovach OBV is not registering much momentum at all from this recent move! It is relatively flat, though looks to be tapering up ever so slightly. The Kovach Chande has risen, but looks to be finding an extremum and may recede soon, since it is an oscillator. What this means is that this rally in gold may be short lived. There are some significant technical levels above at 1964, 1973, and 1977. It is highly likely gold will face resistance at one of these. We are still bullish long term of gold, but this short term price action may give us some nice entry points for longer term holds, as well as short term scalps.
COMEX:GC1!Long
by quantguy
NZDUSD - Short TradeHey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well. Just look for a sign of weakness on H1 chart and enjoy your trade. SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart. Have fun!
Short
by Hussam-Qazi
EURGBP: Anticipate .91500!Daily Time Frame: Reading price we can see that we broke the range (between .88750-.90500) and has tapped previous daily swings at .88500 key psychological support and immediately rejected back above .88750 quarterly psych. If price manages to pullback and test .88750 support look for longs to .90500 and .91500. However, if price does not break .90500 look to reevaluate price action. Due to the uncertainty of market fluidity risk management is highly recommended.
Long
by ChartAddicts
Best Way to Trade the Gold SelloffGold has cratered along with the other safe havens. It has careened through the 1900 handle back down to 1800's, currently finding support at 1863, which is a strong technical and Fibonacci level. It appears to have completed the 5-3 Elliott Wave. Observe that even with this correction, gold can still be considered in a 'bull phase'. Especially considering the bounce it had off 1863. Current levels may make a good entry point for a long trade. We are right at 1941 at the moment, which is another technical and fibonacci level. A narrow stop would be good risk management. The next level above is 1975, but below we have a vacuum zone to 1906. The Kovach OBV has taken a nosedive, registering the selling momentum. It does appear to be turning, along with the Kovach Chande, suggesting that this bear phase may be ending, or at least coming up for air.
COMEX:GC1!Long
by quantguy
EURNZD LONG (POSITION TRADE) 2K+ PIPSDear Traders The trade idea is position trade of holding it long term followed by confluences to support my set up with Risk Management of 1-2% risk. 1. 16th March 2020 is where Weekly Candlestick hitting all time high for Euro/NZD at 1.99271 2. Price immediately was reversed by a downtrend of price retracing back towards monthly support: 1.7100, however the end meets and price reversed with a morning star pattern at 1.7200 3. Price remain bullish after breakout, i am waiting for a retest/pullback to be found near daily level: 1.7625 for price to continue impulsive phase. 4. NZD was one of the first economy to recover the pandemic levels along with other asian currencies, however Euro/Usd, Eur/Jpy has recovered well the pandemic levels. 5. EURNZD is a slow pair but the idea is worth the risk and with the confluences, i am taking this trade with 1:14% risk to reward ratio set up However i am waiting for final confluences before this trade lift off, currently BUY LIMIT ORDER is set. Risk: 164 pips Reward: 2310 pips
Long
by kevinbilalfx
2
FTSE100 Could be on move soon...!FTSE100 UK. It could be on move soon! How? Well past that key trend-line down in red, bullish flag formation as well if goes above out of the range it has been stuck in - the bulls are in control target within the next resistance key areas. However, if bears get in control, below the key trend-line out of range down next target near retracement fib levels which match support and resistance areas. Clean trade idea, put alerts or orders in to make it easier. Remember: Just a trade idea, not a recommendation.
OANDA:UK100GBP
by Trade_Journal
EURGBP: Rejecting .91500!Daily Time Frame: Starting on the higher time frames we can see price is creating a double top formation at .91500 key weekly zone with signs of wick rejection. 4hr Time Frame: Scaling down we can see that price is testing 4hr support. If price manages to hold below .91500 look for shorts down to .88500. However, if price manages to break and close above, we can potentially see longs to .93000 key resistance. Due to the uncertainty of market fluidity, risk management is highly recommended.
by ChartAddicts
AUDJPY: Testing 75.000!Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone. 4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price breaks above this zone look for a break and retest with signs of rejection in order to buy this up to 76.500. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
2