Trade idea for gold Buy if breaks and holds above the downwards trend line as well as the fib 0.618(1307.65) with the stop below the lower short term trend line and the fib 0.382(1266.87)
Short position looking to be opened On the Daily chart (right) you can see the price has been channeling down over the past couple of months and recently bounced off the major 100 mark. The 4 hour chart shows a reversal coming in to play as price has hit the upper downwards channel line and now has also closed below the 4h 20SMA Stop will be set above the upper...
Opened a short, stop set just about 46.10 with the target around the bottom trend line
Short opened on AUDUSD as its broken down through the uptrend
Now the moved has broken the trend line I'll be looking to enter in a short position with something like this once price has closed below the previous low
Keeping a close eye on this pair, could be looking at a potential break in either direction
Short position when the price enters between the red line and the grey downwards trend line
Long position opened once price closes above resistance line
If the price breaks and holds below the yellow line ill enter short
Long term Short prediction for US Crude Oil