ruanimmelman

ruanimmelman Updated 

So we hit ATH again! Good work to all those who bought all the way up. Now, it's time us bears take over. Price moved up very aggressively and is due for a correction or relief. We formed a nice double top which is indicating that the bulls are done and ready to step down. Selling at the current level is not a bad move. I have opened a short with a tight SL. Let's...

ruanimmelman Updated 

Price has shot up breaking ATH towards the 19000 region. I do believe price will have to come back down before continuing the bullish trend. Short was initiated after the 1h candle close with a tight SL above the previous high. Now we wait and see how far price will retrace before it heads back up. Good luck!

ruanimmelman

Time to go short baby! Loads of news coming up this week. This might be the catalyst needed for Gold to start turning bearish. GL HF

ruanimmelman Updated 

Price has come to a strong support level with candle formations indicating a bullish move. First TP is around the 18.75 mark.

ruanimmelman Updated 

Price came up to an area of strong resistance and is also aligning with a 50 fib level. The candle close also indicates price is looking to head down.

ruanimmelman

This is a trade I am taking with confidence but keeping the risk management in check. Price is respecting the downward channel and we can also see a strong resistance level on the 4 hour chart. Wait for a candle confirmation on the 1 hour chart before entering. Good luck!

ruanimmelman

Price came up to a S&R zone. We have a short term downtrend with lower highs. Indecision candle close also confirmed that price wants to change from bullish to bearish. Risk no more than 2% per trade. Good luck!

ruanimmelman

Might be a good time to buy Gold. Came back to an interesting zone. Good luck!

ruanimmelman Updated 

Hey guys EURNZD has reached an area of interest. We have: 1. Resistance Zone 2. Fib retracement 3. Stoch/RSI in overbought territory I usually look for 3 reasons to get into a trade and this one seems pretty good. I have marked the sell on the chart. Good luck! :)

ruanimmelman

Hey guys. There is a nice sell setup on USDZAR. Price has come up to important level that has been rejected twice. The Stochastic/RSI indicator is also showing as overbought. This is a longer term trade which could take up to a few weeks to complete. Good luck and remember, risk management is key. :)

ruanimmelman Updated 

Buy opportunity on AUDUSD. Price has reached an important support level that is being tested for the third time. We could see a nice bounce from here to start an uptrend. The RSI/Stochastic is oversold which is also another indicator of price that could go up. As always, use proper risk management as no trade is predictable. Good luck! :)

ruanimmelman Updated 

Price came up to a previous resistance level and formed a hammer candle indicating price is ready to head back down. RSI is overbought that is also a signal for a sell. Good luck friends. :)

ruanimmelman Updated 

Went short on USDZAR. We can see the downward trendline being respected and have yet to be broken so more bearish momentum is expected. We have also reached a nice zone of support and resistance to set up the sell. Once again, only risk what you are comfortable with as no trade is certain. Good luck! :)

ruanimmelman Updated 

Broken trendline on the 1h timeframe. Also reached an important resistance level. Finally we can see a good candle close indicating some selling pressure. I have opened a trade, will update as we go along. Good luck!

ruanimmelman Updated 

Looking good for a sell. Please use proper risk management. Good luck :)

ruanimmelman Updated 

Back again with another sell on GOLD. We have multiple signals telling us that price has the potential to go down. Fib level, trendline, resistance. As always, please use them risk management fam.

ruanimmelman

Gold failed to break the 1450 mark which has formed our support base for the trade. I am entering a long trade with a good RR ratio. PLEASE use proper risk management since we are in an extremely volatile state.

ruanimmelman Updated 

Price is looking like it has some downside potential. The bull spike from yesterday was due to the US Fed decreasing the interest rates. I think Gold will continue it's bearish run since all the noise from yesterday should have settled. Always remember to have a stop loss in place and try not to risk more than 2% per trade. Good luck!