US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
GOLD: will it stay in the channel?
2020-10-13 • Updated
Yesterday, when this article was out, the gold price was $1 922. Since then, it has moved down to the current $1 914. The question is: will it stay in the channel or not.
Fundamentally, the market starts trading with risk-off moods in the stock and currency sectors. That may change as the day goes by, but so far, that should – by the market’s logic – push gold price back up.
If that happens, you should witness reversal at $1 910. To detect it, watch for reversal chart and candlestick formations on smaller timeframes. Otherwise, $1 910 will be crossed and will open the way to lower bearish targets with 50-MA and $1 900.
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
