Hey guys, back again after some vacation (because trading pays off lol), here we have a really "long term" opportunity on this pair that all of us know.
We saw on the chart (on the monthly timeframe) that the trend on the market is a downtrend, so it's a well-known confirmation.
We have 2 important levels that are getting rejected on the lowers time frame, there...
Like always I'm presenting you good opportunities in the forex market, today I have one that could be a winning trade for the week.
We observed today (7/12), that the market went extremely bearish in the night, but it reaches my level of confluence and actually rejected it since it's a powerful zone.
The market is a bullish one in the big picture...
Hi, I'm back for some more analysis for you guys, look there we got a good opportunity that I took :
We had a ranging market for the past months, bouncing, again, and again, we are trying there to catch a high of the ranging market.
Our confirmations are :
- A weekly support zone of confluence
- A near 0.318 Fibonacci rejection
- The big zone of support with...
Three confirmation :
- The rejection of the 0.50 Fibonacci level
- The precedent multiples retests on the lower timeframes of the resistance level which give us clear information that the market can't break it
- This could be the last swing low to reach the support level of the market and to swing back high after
Here we have a good setup on gold/usd. We can see a big rejection of an horizontal resistance level that gives us a clue on the next movement. But also with a rejection of a principal resistance of the trend wich gives us solid confirmation of the movement.
Give a like if you enjoyed, leave also a comment if you have some better ideas.