The 5%ers' Blog

Weekly Analysis For EUR/USD, USD/JPY, GOLD, By The 5%ers Proprietary Trading Fund 18/11/2018

November 18, 2018 | 11:34 am | The 5%ers' Blog
November 18, 2018 | 11:34 am
The 5%ers' Blog

As a forex trader, I always prefer to get ready for the upcoming week on Sunday, I choose 3 assets and marked my trading ideas.

EURUSD – The new fresh demand that I marked below succeed to broke the supply from the 12/11, for now, it seems the price on his way to reach the resistance above, the demand Below is a great continuation level for buy position, I’ll wait for the price to buy there and my target will be the resistance above.

USDJPY As we can see, the USDJPY already reached his target from my last post on USDJPY, and for now it seems the price will keep dropping down until he will reach the Demand  below, I’ll wait for the price to sell at the new fresh supply above, hopefully, the price return to that supply before keep dropping, my target will be the demand below Which Is also a great level for buy position.

XAUUSD (GOLD) – The GOLD has created a new fresh demand recently, As we can see on the chart from the left, there is no reason for the price to stop until he will  reach the Resistance above, if the price will return to check the demand below, I’ll buy there, in case the price will break that demand, I’ll wait for a new buy position at the demand at the bottom. in both cases, my target will be the resistance above.

 

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