Trading With Linorth
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as I predicted, the EURUSD made a great reversal move down.. I hope you guys managed to get your trades in before the big move.
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)
I had a great time today with Euro charts. specially EURUSD. two 85 pip moves in less than 3 hours!
Gold is in a very interesting place. I'm gambling on the price falling at least to 1250.00 and at the most to 1248.00 for now. but it might break the old decending trend and move up as well.
GBPUSD - Seems like Pound is making a comeback! it broke through 1.29000 so I expect it to move up towards the 1.34300 resistance line, where it will meet its long time decending trend,
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 😂
Gold made a crazy fall! I hope you guys were in with me 😊
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.
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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if it fails in breaking the decending trend, it could be a good entry for a sell order.
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.
USDJPY - if it touches the decending trend line I have drown, it will confirm the channel. I'm guessing today's news will help it to rise fast and touch the trend line and probably reverse after that
I love triangles! lol
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.
USDJPY = we also have this channel in place, so today's news can either push the price up and it will break this channel and move higher, or it will fall dramatically down :P