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GBPJPY Short / SellMany pairs have already moved like the CURRENCYCOM:US500 CURRENCYCOM:US500 and FX:USDJPY #USDJPY I'm going off yesterday's bearish momentum and even the bear momentum for the entire week. #bear #trend is still holding strong. I feel uncomfortable placing this trade as all other pairs I've been looking at as already moved and I did not get the SL that I wanted on this entry (fat fingered and placed it on dotted line. However, the things I am seeing here: Pros: - Broken of EMAs - Broken of ARL (Asia Range Low) - Bear momentum/trend still holdig. - 3 A2 setups have reached TP levels. - Good SL placement and room above ARL, ARH (Asia Range High), and above 8,21,50emas. Cons: - entry candle for A1 is overextended
Short
by Reid_Hicks
Gold (XAUUSD) Long Term Position For 2021!Gold has all the right reasons to continue long: 1. The Fundamentals are well supported as the US has just signed off on the Stimulus package and Checks are already being sent to individuals. As we saw with the First Passage of the Stimulus Package we had a very strong Bullish Run on Gold settling for more highs. There is no reason that Gold can't do the same this time around. 2. Gold is continuing a several year long ascending channel which we saw had reached the floor in the beginning of December 3. A bullish Ascending triangle has been created on the 4HR which we can expect a strong move to the upside. I will be going LONG ON Gold All 2021. I HAVE A Long term position and will be adding to the position buying the DIPS. Invest Smart! Please like this idea on subscribe for future ideas. Thanks!
FX_IDC:XAUUSDLong
by ASMARTID
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