#Gold - here is the megaphone pattern I was talking about.

#Gold - I expect it to fall down to around 1260.00 and if it holds its support there the first target will be 1290.00
But if it loses the support at 1260 the price might fall to around 1200.00

Most analysts believe that there needs to be a demand for physical #Gold for it to be able to continue its acending trend.
The interesting thing here, is that November and the beginning of festival season in India is the biggest opportunity for the growth of demand for physical gold in this country. In the past 10 years the global price of Gold during the festival season in India has experienced a 2.5 precent increase.
There is currently only one week left till the beginning of November and this week we will most likely witness a short-time correction in order to create the potential for an upcoming growth in price of Gold.

If #Gold manages to reach 1260 this week (the buttom of the channel in the chart we just shared) and hold its support there, then we can expect the price to rise to 1300 or even 1350 in the beginning of November.

so far it has moved 100 pips in the direction I anticipated. I expect it to fall further down to around 1260

#EURUSD - waiting for the breakout to the downside to be confirmed. if it does that, I will short it for the target of 1.17000, even tho it can possibly reach 1.16700 as well.

shorted it from 1.17450 for a 30 pips target.

I also have a sell limit at 1.17515 in case the price jumps there to finish the pullback.

I'm heading out of the house and I will leave the trades open. my stop for them is 1.17636

today the market was super slow, so I'm gonna save my energy for tomorrow ;)

I just got back home and unfortunately I have been stopped out of my positions on eurusd due to the spread on the pair. If only I would have given it two more pips in stoploss! Haha

Its alright tho, there is plenty of time left to make up for it.


This week we have some serious fundamental events so I will probably take only a few positions during this week. There is no need to risk in times like this week. There will always be better opportunities for making money 😎

#EURUSD - pattern wise, the trade is still solid if you had waited for the pullback to get on it on the pullback. it would have given a decent 1:2 risk to reward ratio.

I just rushed into it because I needed to leave the house and didn't have time to wait for the pullback, and I paid the price for it! haha

as I expected it, #Gold fell to the buttom of the megaphone pattern I had on it, and my 1273.00 order on it is already in 100 pips of profit.

I close it here, since I expect another correction from the midline of the pattern to the downside, and I will try to get back on it again when it finishes that correction.

#Gold - here is the megaphone pattern. price is currently playing around the midline.

#Gold #update - 60 pips in profit already. I will close it either on 1277 or 1275.

for the next buy I will wait for the price to reach 1270 and buy it there. it might take some time for the price to reach there.

#AUDJPY - breakout of the channel, if it loses the support at 88.400, it can fall towards it's 40 and 100 pips target

#AUDJPY #Update - fell and hitted its 75 pips target, I still think it has more room to fall further down to at least 87.400 if it loses the support in this area.

#Gold I have entered gold on 1272.00 with a small order, and I have another buy limit at 1270.00 and one more at 1263.50

#Gold - another simpler view on gold. I guess its plausible that we see a fall to around 1260-1263


I'm going to short it too (alongside my buy orders) and see if I can get the profit both ways! lol

I changed my mind about selling it simuntaniously. I'm going to just add more buy orders on every level it falls to. I shouldn't move away from my usual path of trading just because something seems fun to do :D