triple top on OANDA:AUDUSD with the dollar strengthening, we might be due for a bounce back/ retracement to the 0.69 area. Just keep your eyes peeled. If it breaks beyond the orange zone then a continuous trend is still on but if it goes below then we are god for a long sell. now I sold 0.712 with 50 pip SL and an open Tp because USD has time. I will be...
OANDA:XAUUSD We might see Gold consolidating towards the 1924 - 1927 area again and if it does we will have a triple top/ inverse M or W. this area seems like a really good resistance for the uptrend. Even though my RSO is still in the middle I expect it to go towards 70 then by that time it should be around 1924. In that case i will be looking for any form of...
Gold broke the resistance level which is defined as the price level at which selling pressure is strong enough to prevent the price from rising further. When the price of gold reaches a resistance level, it may struggle to break through and could potentially experience a pullback or reversal. atm Gold has reached new Highs which refer to the highest price that an...
OANDA:USDJPY steadily moving in a downtrend, hopefully, it continues and we don't get to see any form of liquidation happening. BOJ did not change its policy so that had a lesser impact on JPY. If you have any suggestions just let me know in the comments / Lets discuss guys
Based on chart structure OANDA:EURAUD has created a similar structure from the previous range but this time is on a downtrend, it could be a continuous downtrend from the break after the range or just another set up for a new larger range...will keep updating but i will buy from the purple zones and sell on New res
FX:USOILSPOT has seen a fall since morning likely due to the reaction to the weaker Dollar and IES projection from yesterday that oil will fall significantly, despite all that we still need to look at China which is open for business and also consider Russian OIL Cap. so crucial points 77.560 and above or 72.300 and below to 67.00
With the Chinese Covid Restriction dropped in the far east and leaving China Open for tradethis means the Demand for Oil is more likely to increase whilst the supply i capped due to the Russian Oil embargo last week. High demand Limited supply Price Up....in case of any other news
OANDA:XAUUSD Potential rejection from the 1690 zone then all the way back to 1750. Beyond 1750 we have to look towards 1800s. With the Dollar Strength over the past couple of weeks its only a matter of days before we have this movement. Most USD pairs over sold and the Gold structure showing potential for a new uptrend