Hello Traders, Follow my Usoil point of view.
USOIL
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry Level - 76.196
Stop Loss - 74.310
Take Profit - 79.016
Our Risk - 1%
XAU/USD - GOLD
Hello traders, I want share with you my opinion about Gold . The chart depicts the completion of the last correction waves a, b, c in the upward trend. However, after a correction, the price has continued to decline, indicating a downward trend and forming impulsive waves in the Elliott wave pattern. Presently, the price is undergoing a correction within the 4th corrective wave. It is possible that the 4th correction wave has concluded, suggesting that the price may continue to decrease. Therefore, it is expected that the price will continue to fall, forming the 5th and final wave. As a result, it is anticipated that Gold will reach its target close to the support area of 1800-1795. Please share this idea with your friends and click Boost🚀
GBPJPY
Hello Traders,
Here is an analysis of GBPJPY . It seems that this pair is already completing the WXY structure and thus will move to the downside. Alternation is a break above the trendline and can be a new movement to the upside. I might be wrong but the bias is more to bearish structure.
Here is an analysis of GBPJPY . It seems that this pair is already completing the WXY structure and thus will move to the downside. Alternation is a break above the trendline and can be a new movement to the upside. I might be wrong but the bias is more to bearish structure.
#SELL 161.543
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