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GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 - 2608 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2696 and a gap below at 2665, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2724 EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET 2754 EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET 2784 BEARISH TARGETS 2665 EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2640 - 2611 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on our weekly chart idea that we have been tracking and trading over the last 5 weeks. Previously we had the nice push up, which we took using our smaller timeframes but the gap remained open and we were yet to see the ema5 lock to further confirm this. EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. As we stated previously, we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all. If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone, Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range. Previously after completing 2760 target, we stated that we now have a candle body close above 2760 for a continuation above with a gap open to 2797. We got the move but fell just short of the full gap, but no ema5 lock, which would've further confirm this. We also stated that failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range. - We got the rejection from no ema5 lock above, followed with the retracement range and swing range test, which both gave the bounces like we said. As long as we see price stay above the swing range, we will continue to see the levels above tested and support levels re-tested for the bounces, keeping in mind the long range/term gap above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
Practical Application of Order Blocks in Trading🔸In trading, especially in the context of institutional and supply-demand-based strategies, order blocks, imbalances, breakers, and entry points are all critical elements for spotting potential high-probability trade setups. Here’s a breakdown of each: 1. Order Blocks 🔸Definition: Order blocks are areas where large institutional orders (by banks, funds, etc.) are believed to have been placed, often leading to sharp price movements. These typically form after a period of consolidation, when a large entity enters the market to create momentum in a particular direction. Types: ▪️Bullish Order Block: An area where institutions have placed buy orders, resulting in an upward price move. It’s generally identified by a down candle (in a bullish trend) before a strong upward move. ▪️Bearish Order Block: An area with concentrated sell orders, leading to a strong price decline. It’s marked by an up candle (in a bearish trend) before a sharp downward move. ▪️Use in Trading: Traders look for price to return to these areas as potential entry points, expecting the area to act as support (for bullish order blocks) or resistance (for bearish order blocks). 2. Imbalances 🔸Definition: Imbalances (also called Fair Value Gaps or FVG) occur when there is a strong price movement in one direction, leaving a "gap" in liquidity. ▪️IThis happens when there’s more demand or supply than what the current orders can fulfill, leading to a price spike. ▪️Identification: Look for consecutive candles moving in the same direction without much overlap in their wicks. This often leaves a gap between the high of one candle and the low of the next. ▪️Use in Trading: Since price often "rebalances" itself, traders may expect price to return to this area before continuing its trend, using it as a potential point for entries in the direction of the larger trend. 3. Breakers 🔸Definition: A breaker is a failed attempt at reversing a trend, usually involving a break of structure that indicates a reversal but then fails, with price moving back in the original trend's direction. Types: ▪️Bullish Breaker: When a downtrend is invalidated, but instead of continuing downwards, price reverses back up. The previous support level that price broke and closed below may now act as a support zone. ▪️Bearish Breaker: When an uptrend is invalidated, but price moves back down, often causing previous resistance to act as resistance again. ▪️Use in Trading: Breakers are often used to identify failed reversals where traders might enter in the direction of the initial trend, as these zones tend to have strong support or resistance. 4. Bullish and Bearish Breakers in Trading Bullish Breaker: ▪️A level created after a failed bearish structure, turning into support as the price breaks upward. Look for confirmation of price moving above this level, with entry points often at or just above the zone. Bearish Breaker: ▪️A level created after a failed bullish attempt, creating a resistance zone as price breaks lower. Traders enter trades when price retests this breaker level and shows signs of rejection. 5. When to Enter Trades ▪️Order Block Entry: Look for price to return to an order block zone (after creating it), confirming it as a valid area of support or resistance. Confirmation methods include candlestick patterns or lower timeframe support/resistance creation. ▪️Imbalance Entry: Price may "fill" imbalances, and traders can look to enter as price retraces to this level with signs of rejection or confirmation. Watch for candles rejecting at the edge of the imbalance zone. ▪️Breaker Entry: Wait for price to test the breaker zone and show signs of rejection, typically with a smaller time-frame entry trigger (like a lower high or low in structure). ▪️Risk Management: When entering trades based on these points, place stops beyond the zone or recent high/low, and target areas of the next significant support/resistance or opposite liquidity pools. 6. Tips for Effective Use 🔸Multi-Timeframe Analysis: Check higher timeframe levels for stronger order blocks or breakers and use lower timeframes to refine entry. 🔸Wait for Confirmation: Often, a test of these areas with a reversal candlestick pattern (like a pin bar or engulfing candle) on a lower timeframe will provide better entries than immediately entering. 🔸Volume Confirmation: Higher volume in these areas can suggest more institutional interest and improve the chance of a successful trade. 🔸Mastering these concepts involves observing how price interacts with these levels across different market conditions, which enhances accuracy over time.
Education
by ProjectSyndicate
12
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
OANDA:XAGUSDLong
by Jasminex1x2
2
GOLD MARKET ANALYSIS AND COMMENTARY - [Nov 11 - Nov 15]Last week, after opening at 2,738 USD/oz, gold prices increased slightly to 2,749 USD/oz, but then dropped sharply to 2,643 USD/oz after Donald Trump announced his re-election as President. America. In the next trading session, gold price recovered to 2,710 USD/oz when the FED announced to continue cutting interest rates by 0.25%. However, the recovery momentum of gold prices was not sustainable, gold prices quickly dropped to 2,680 USD/oz and closed this week at 2,684 USD/oz. The reason why Donald Trump's re-election as US President caused gold prices to plummet is because: First, investors expect that Mr. Trump will be able to intervene soon to end the war between Russia and Ukraine, the conflict in the Middle East, tension on the Korean peninsula,... Because during his first term, Mr. Trump almost did not let any fierce fighting occur. This will reduce the haven role of gold in the eyes of investors. Second, during the election campaign, Mr. Trump pledged to impose a 60% tax on goods imported from China and impose a 20% tax on goods imported from other countries. If Mr. Trump carries out this commitment, it will push up the prices of US consumer goods, causing inflationary pressures to return, forcing the FED to raise interest rates, helping the USD increase sharply compared to other major currencies, causing Gold price dropped sharply. Mr. Trump's victory may continue to have a negative impact on gold prices in the short term, but this impact may gradually decrease, because Mr. Trump will officially take office early next year. Therefore, US economic data may receive more attention from investors because it directly impacts the prospect of cutting interest rates by the FED. This week's economic calendar is quite bleak, especially when compared to this week's major events. The main economic news and events to monitor will be CPI, PPI, October retail sales, and US weekly unemployment benefit claims data. In addition, FED Chairman Jerome Powell will also give a speech next Thursday. 📌From a technical perspective, on the H4 chart, the price of gold is forming a head and shoulders pattern, however, confirmation is needed when the 2642 support zone is broken. If this price model is true, the gold price may drop to an area approaching 2,530 USD/oz. In the opposite case, the gold price will still maintain its upward momentum if the price trades above the 2710 threshold, and at the same time breaks through the peak level at 2,790 USD/oz. Notable technical levels are listed below. Support: 2,668 – 2,640USD Resistance: 2,697 – 2,700 – 2,710USD SELL XAUUSD PRICE 2751 - 2749⚡️ ↠↠ Stoploss 2755 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595
OANDA:XAUUSD
by Xayah_trading
XAUUSD H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price has just bounced off our buy zone at 2664- 2668, which is pullback support close to 61.8% Fibo retracement. Our take profit will be at 2679.84 which is the pullback resistance level. The stop loss will be placed at 2652,58, an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDLong
by FXCM
1
Smart Money Market Structure Order Block Trading🔸The principles of "smart money" trading focus on understanding the behavior of institutional investors, often referred to as "smart money," to make informed trading decisions. By analyzing market structure, order blocks, supply and demand zones, and market cycles, traders aim to predict price movements and make profitable trades. Here’s a breakdown of these key concepts and how they interact: 1. Market Structure Market structure is the fundamental flow of price movement, typically defined by highs and lows that indicate trends. The market can be seen in three primary states: ▪️Uptrend: Characterized by higher highs (HH) and higher lows (HL). ▪️Downtrend: Defined by lower highs (LH) and lower lows (LL). ▪️Consolidation (Range-bound): Prices oscillate between a support (demand) and resistance (supply) level. ▪️Understanding market structure helps traders identify when a market is trending or ranging, which is essential for timing entries and exits. 2. Order Blocks Order blocks are areas on a price chart where large institutional traders, like banks and hedge funds, execute significant orders. These blocks often indicate strong levels of support or resistance due to the substantial buying or selling activity. ▪️Bullish Order Block: Typically found before a strong upward move. It's the last bearish (down) candle before the price rallies, signaling a demand zone. ▪️Bearish Order Block: Typically found before a strong downward move. It's the last bullish (up) candle before the price drops, indicating a supply zone. ▪️Order blocks provide clues to where "smart money" has entered the market, suggesting areas where price may return for liquidity and where retail traders may find good entry points. 3. Supply and Demand Zones Supply and demand zones are similar to support and resistance levels but with a focus on identifying imbalances. They represent areas where supply (sellers) and demand (buyers) are significantly unbalanced: ▪️Demand Zone: A price range where buyers are strong enough to prevent further price drops. This often corresponds to an area of support. ▪️Supply Zone: A price range where sellers have historically stepped in to prevent further price increases, serving as resistance. ▪️Prices often revert to these zones due to liquidity needs, creating entry points for trend continuations or reversals. 4. Lower Highs (LH) and Higher Lows (HL) These are essential markers in identifying trend changes: ▪️Lower Highs (LH): In a downtrend, the price fails to reach a previous high, indicating seller dominance and potential continuation of the downtrend. ▪️Higher Lows (HL): In an uptrend, the price creates higher lows, suggesting that buyers are gradually gaining strength, signaling a continuation of the uptrend. These structural points help traders understand potential trend reversals or continuations. 5. Accumulation and Distribution Phases These phases are critical to the Wyckoff Market Cycle: ▪️Accumulation: This phase represents a period where "smart money" accumulates positions at low prices. It typically occurs after a downtrend and is characterized by a consolidation or sideways price movement. This phase often signals a future uptrend. ▪️Distribution: This is the phase where institutional players offload positions after a significant price increase. Like accumulation, distribution appears as consolidation, often preceding a downtrend. ▪️Accumulation and distribution are often analyzed using volume patterns and price action to gauge when a trend may begin or end. 6. Market Cycles (The Wyckoff Theory) Market cycles are a sequence of phases that price undergoes over time. According to Wyckoff’s methodology, there are four phases: ▪️Accumulation: Institutions build positions, often at a market bottom. ▪️Markup: After accumulation, the price starts to increase as demand outstrips supply. ▪️Distribution: Institutions sell off their positions, often at the top of the cycle. ▪️Markdown: Price declines as supply overwhelms demand, leading to a downtrend. ▪️Understanding these phases allows traders to anticipate potential turning points, which is critical in smart money trading. Applying These Principles in Trading The smart money trading approach uses these principles collectively: 🔸Identify Market Structure: Determine whether the market is trending or ranging, then identify order blocks, supply and demand zones, and significant highs and lows. 🔸Recognize Key Levels: Watch for accumulation and distribution phases at these levels, helping to anticipate likely future movements. 🔸Confirm with Volume: Use volume analysis to confirm accumulation or distribution activity. 🔸Set Entries and Exits at Smart Money Zones: Utilize identified order blocks and supply/demand zones to enter trades with the trend (markup or markdown) or exit before a reversal. 🔸By combining these elements, traders seek to align with the strategies of institutional investors, capturing trends early and minimizing exposure during less favorable periods.
Education
by ProjectSyndicate
11
Continued decline, market analysis and strategy sharingGold daily line single K closed negative, the 5-day moving average system crossed the 20-day moving average, and the overall short position was arranged. The auxiliary indicator MACD also crossed downward at a high position. Gold fell under pressure from high levels, and gold continued to short in the Asian session. The rise of gold last week was just a reaction to the Fed's expectation of a rate cut. Gold finally rushed up and fell back, and waited for the rebound to continue shorting. The 4-hour moving average of gold has now entered a short position arrangement with a dead cross downward. There is still room for gold to fall. Gold fluctuated after the second half of Friday night. Today's Asian session directly broke down, so gold still continued to choose to go down. Gold rebounded near 2690 in the Asian session and continued to short. First support: 2660, second support: 2643, third support: 2630 First resistance: 2680, second resistance: 2691, third resistance: 2700 Trading strategy: BUY:2661-2663 SELL:2690-2692
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAUUSD: The Downtrend Is Not Over YetDear Traders! Today, gold prices fell sharply, ending the week at $2,684, recording a decrease of 0.83%. The rising US dollar, fueled by political uncertainty, put a lot of downward pressure on gold. The shift of investors to riskier assets added to the selling pressure on gold in the market, reinforcing the bearish trend. Analysis of the 4-hour chart shows that gold prices are currently facing resistance at the important resistance zone of $2,700 - $2,715. The 34 EMA has crossed below the 89 EMA, a sign that sellers are in control. If the price fails to break through this resistance zone and continues to be under pressure, gold is likely to find support at $2,640 - $2,656. In the event that the price drops below $2,640, the short-term bearish outlook will become stronger, with a deeper target in the near term.
OANDA:XAUUSDShort
by Bentradegold
Gold Bearish Trend Analysis: New Bottom May Be FormingWelcome to all gold traders! After a volatile week with a series of news, today's gold price has gradually shown a downward trend. At this time, gold is fluctuating around the 2670 threshold and has not yet found the momentum to escape the downward trend. Many people must be wondering: Why did the gold price drop so sharply? Regarding the international market situation: The main reason for the recent gold sell-off is the strengthening of the USD, which increased sharply after a series of remarkable economic news. In particular, bond yields increased due to concerns about new tax policies and tax cuts that could push inflation back. Investors reacted to the possibility that the Fed would maintain tightening policies for longer, putting great pressure on gold prices. Gold Technical Analysis and Forecast: On the technical chart, gold has broken below both the 34-day and 89-day exponential moving averages (EMA), which is a clear signal that the downtrend could continue. Currently, gold is hovering around the support level of 2665, while the nearest resistance level is at 2680. If the support level of 2665 is broken, there is a high possibility that gold will continue to fall to lower levels, such as the bottom of 2643 and even deeper.
OANDA:XAUUSDShort
by Bentradegold
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again. Follow your plan and stick to your risk!
OANDA:XAUUSD
by rosshayes
Gold's Bearish Trend Persists: More Declines Ahead?As the week kicks off, gold continues its downward adjustment, slipping by over 130 pips and currently hovering around the $2,670 mark. In the short term, this precious metal appears likely to extend its losses. Sentiment among both analysts and retail investors has turned cautious after an extended period of optimism. The technical outlook suggests gold remains firmly in a downtrend, with last week’s sell-off fueled by a resurgent USD and rising bond yields. Gold may face further declines in the near future. While the long-term uptrend for this metal is still intact, a significant correction seems inevitable. Even with potential rate cuts in the U.S., strong demand for gold is not guaranteed. Thus, I believe the downward trend may continue.
OANDA:XAUUSDShort
by Chipucu
EURUSD strategic outlook: BEARS will target 1.0500🔸Hello guys, today let's review H8 price chart for eurusd. Previously recommended buying low near 1.0650, TP hit +400 pips, congrats if you followed. you can review original setup via link below. 🔸Range lows defined at 0650 , range highs set at 1050/1100. This is the active trading range for EURUSD since early 2023 it's well-defined and it's very unlikely that price will exit this range any time soon (not until 2026). 🔸Currently we got a strong rejection near range highs at 1100 and this resistance is too strong for the bulls to break atm, price was already rejected multiple times from this level. there are no bullish catalysts in euro zone to break 1.10/1.11 S/R. 🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0500/0550. Bears will take over from here, so there is no valid setup for bulls on buy side. Keep in mind that this is a swing trade setup and provided low volatiliy in EURUSD it may take a while to hit the targets (multiple weeks). 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
28