USDCAD has broken its daily channel and is going down, its better if you only go in for sell trades on lower timeframes (5 and 15 min charts)
in the meantime, don't try to sell pound on the 5min or 1 hour charts. try to get in on buy setups only.
I closed part of my positions on gold at 1249.2 since it broke both trend lines I had on it. I still believe it will fall further down, but I will wait for a pullback and get in on it again 😁
do any of you guys even pay attention to my signals? cause if you don't I can stop this minute by minute reports and just stick to putting up charts I analyze every day..
I might put up a poll about this 😂
do any of you guys even pay attention to my signals? cause if you don't I can stop this minute by minute reports and just stick to putting up charts I analyze every day..
I might put up a poll about this 😂
gold seems to be on its way to touch the buttom of its channel! 1240.00 or 1241.00 seems to be its target for the next 24 hours!
but its a wild ride, so don't go in heavy with the volumes. and always keep your 1:3 risk to reward ratio in place.
but its a wild ride, so don't go in heavy with the volumes. and always keep your 1:3 risk to reward ratio in place.
What Kind of posts you want to see more?
1- More Chart Analysis(Charts)
2- More Signals(Signals)
3- More Educational Posts(Educational)
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1- More Chart Analysis(Charts)
2- More Signals(Signals)
3- More Educational Posts(Educational)
👮Linorth 🕵
Trading With Linorth
if it fails in breaking the decending trend, it could be a good entry for a sell order.
of course its not a very reliable trend, since its a short time trend on 5 min chart. so keep that in mind if you want to go in with a trade.
I made another 20 pips on Gold, and now have reached my 100 pip daily quota. so I probably won't do anymore trades unless I see a good pattern or setup. in which case I will share it on this channel here as well.
if you are still on the Gold chart, there is a possibility of a double buttom pattern forming (why I closed my positions earlier), so be careful.
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if you are still on the Gold chart, there is a possibility of a double buttom pattern forming (why I closed my positions earlier), so be careful.
pattern didn't form, now its safer to say it will keep falling down.
Trading With Linorth
I love triangles! lol
the price can play around a lot before it reaches the final destination of the pattern or the channel. so just use the patterns, channels and trends as a tool to find out in which direction the market is moving forward, and set your trades in that direction. for example, when the price of the gold is going to fall, it wiser to get in on setups for sell orders, since the chance of them failing is a lot less than buy setups.
I have a buy position open on USDJPY at 112.430 and I plan on keeping it for the news on USD in the next hour.