If one looks at this pair on a monthly basis, it is on a strong uptrend but however we are capitalizing on the short time sells on the smaller time frames.
this trade has a potential of producing +235 Pips in total.
The sentiment that XAUUSD is on a huge down trend from the majority is true, but however we strongly believe that we are in for a major correction in price, back to the 1500 level
With the upcoming news on the NZD pairs, we are hoping the news will push price to the true direction, since we have reasons to believe that the NZD pairs are now in an uptrend.
Taken from our previous trade on this pair we were waiting for price to make a clear pull back then continue on the bullish side, we have reasons to believe that this pair is on a long=term uptrend now!
On the daily chart price opened with a gap which was most likely caused by the results of the rugby world cup. We believe that it is time for price to close that gap!
We look at USDSEK, This pair has been on an unending uptrend since last year February 2018, however we believe that the bulls are now tired and the bears are gaining momentum. We have given out four TP levels the reason for that is, this is a long term trade it can take weeks to months to get to the last take profit. One should practice patience with this trade...
