Ivolux's Blog

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EURUSD, GOLD shorts

Today I`m looking at EURUSD and XAUUSD pairs. Looking for places to add shorts with the strong downtrend on both pairs. 4h charts showing good continuation patterns on both pairs. as price had good pullbacks towards Middle Bollinger bands during last few days.
Trade idea: SHORT EURUSD @ market SL 1.0780 TP 1.0650; Short XAUUSD @ market SL 1094.00 TP 1086.00
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XAUUSD REVERSAL

Today I`m looking at XAUUSD daily chart. Pair has created strong bullish engulfing bar after continuous downtrend since 24.08. Looking to buy at market and target last swing around 1140.00 With SL just bellow 1100.00
Feds Interest rate statement will be the key for this trade. I`m technical trader so still happy to take this trade even I know this trades outcome will largely depend of todays Feds statement.
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