GOLD (1H)
💡Down Trend Resistance Touch & Price Action
We are looking for a SELL trade , where we expect a price back to our Support level 1 near 1950, gain of ~500 PIPS, with a risk recommended between 50-80 PIPS.
📊 MACD and RSI Confirmation.
⛔️ USE PROPERLY RISK MANAGEMENT
GOLD
💡 CHART PATTERN : DESCENDING TRIANGLE
We are waiting for a break of structure to enter, as you can see we are looking for a bearish move ( SELL 📉) next days/weeks.
We will update this pair later to confirm our idea.
⛔️ USE PROPERLY RISK MANAGEMENT
CADCHF (1H)
💡 R2 Testing Fail & Formation of Head&Shoulders Pattern
Our trade still active for this week due to failing break our Resistance level 2 and visible formation of Head&Shoulders Pattern, we are trying to reach support level near S1 for a ~ +200 PIPS Profit. Check the chart and try to understand that.
⛔️ USE PROPERLY RISK MANAGEMENT
GBPNZD (4H)
💡PRICE TESTING Resistance Level 3
We are predicting a down move ( SELL ), Confirmation on RSI , reached level > 70 so indicate a corretive movement at least for a 100 PIPS near 1.95250 price.
Wait for the break on 1.96100 to enter for a safest SELL and use SL near 1.96500.
⛔️ USE PROPERLY RISK MANAGEMENT