AudJpy- Where to sell for 1:3 R:R Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.This level …
October is a month that carries a significant weight in the financial markets. It’s a time when investors brace themselves for heightened volatility, historical market crashes, and pivotal economic events. In this blog post, we will delve into the biggest …
Forex trading is a worldwide phenomenon, engaging individuals from diverse backgrounds and regions. Whether you’re a seasoned market expert or a newcomer, the forex market provides opportunities to pursue various financial objectives. Whether you’re an active trader aiming for consistent …
Gold- 500 pips target hit! Now what? As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop.The “major target for bears” was hit yesterday …
Gold in turbulent times- Analyzing the recent Price Action On Monday I wrote that Gold is at an important crossroads and clarification of direction could lead to a 500 pips move.Indeed, as the price developed, it was clear that bears …
The Federal Reserve’s actions and statements have a profound impact on financial markets. Recently, Federal Reserve Chairman Jerome Powell delivered a press conference that caused market turbulence, despite his carefully crafted words. In this blog post, we’ll recap what the …
Gold’s Descent: Breaking support and looking ahead Yesterday was not a bad day for Gold bears, with the price dropping around 150 pips, but more importantly, breaking under important confluence support around 1915.As explained in yesterday’s post, this was the …
WTI- The ideal price to buy for 100 target The month of September came with a very important break for WTI Oil, the rise above 85 figure, a price that kept WTI in a range since December last year.As was …
The recent developments in the US Federal Reserve and the Bank of Japan have put USD/JPY in the spotlight. While the pair is extending its gains, aiming to surpass the November 2022 high, there are factors to consider that suggest …
Gold- Bigger picture for a 500 pips trade for OANDA:XAUUSD I’m a swing trader and, in the case of XauUsd trading, I usually look for 3-400 pips, or even more, as targets.At this moment, for such a trade, things are …