Choosing good risk to reward trading setups could help you become a successful trader in the markets. This may be something that you implement into your own trading strategies.

The upwards trajectory of Gold is clear for everybody to see, however there is something of interest to notice.

With price making higher highs but the MACD showing divergence (printing lower highs), could we be in store for a correction?

Also note the rising wedge pattern, typically seen when a bullish trend is running out of steam.

For the moment buyers are still in charge.

Whatever your opinion, look for a trade that meets your strategy rules.

In mid December we saw price test the 1.3730 support level but after a small push from the buyers, the sellers took control and closed price below the level.

Now as price retests, we see if the sellers dominance will continue.

Possible targets for shorts could be 1.36

Whatever your thoughts, look for a trade that meets your strategy rules.

During the last couple of daily corrections, CHF/JPY has pulled back into the zone between the blue 20EMA and the red 50EMA. That was in November and December with the October correction finding support actually at the 50EMA.

With price now correcting the last impulse, could we see a repeat of what happened previously?

Look for a trade that meets your strategy rules.

The Bearish Flag pattern.

Price makes a bearish impulse.

When the impulse has ended, price makes a correction to the upside (a small uptrend) in between sloping support and resistance.

When the correction ends, we see the next bearish impulse.

NZD/CAD has rejected 0.7880 for a second time with a bullish impulse.

On Friday, price printed a bullish pin candle indicating that the next impulse is potentially on the cards.

Look for a trade setup that meets your rules. Possible targets for long trades could be 0.8660 where we previously saw resistance.

There is a strong bullish trend in play for EUR/JPY with JPY weakness prominent throughout the market.

A daily close above the counter trend line could signal the next bullish impulse.

Watch for a breakout and a trade setup that meets your strategy rules.

The daily chart for XAU/USD is still bullish overall with no sign of the trend changing at this moment.

There is a trendline seen on the H2 chart where we could see price pull back to and test/reject.

You don't need to place lots of trades and take big risks to be a successful trader. With the power of compound interest, you can make serious gains to your account just by making a small percentage each month. If you let your money grow, the results can be amazing.

AUD/CAD Daily

Price broke out of the box range in early January 2026 with a bullish impulse.

Since then, we have seen a consolidation in price.

This could mean another bullish impulse is around the corner.

Whatever your thoughts, look for a trade that meets your strategy rules.

All the JPY pairs have seen bullish runs with YEN weakness throughout the market.

But with USD/JPY at 159.00 now, will we see that momentum stall or even reverse?

This zone acted as a ceiling in the market a year ago.

Is this still where the market deems JPY value for money?

EUR/GBP Daily

A couple of options to potentially look out for here:

1) Price rejects the counter trendline and pushes downwards )look for a sell setup) and makes a new lower low.

2) Price breaks higher and the bigger trend (bullish) continues (look for a buy setup).

Patience needed here for more candles to print.

The word 'doji' comes from the Japanese phrase meaning 'the same thing'

In trading terms, the open and the close of the candle are close together and it has long higher and lower wicks.

It is a sign of indecision and can often be a reversal sign at support or resistance.

Occasionally, it can just be a pause in a strong moving trend.

On Friday, GBP/NZD broke and closed below the weekly trendline. Although the trendline shown begins around the end of 2024, the actual bullish sentiment extends many years back.

The smaller time frames may now identify if this is a false break or in fact a change in direction.

If it's a false break then look for bullish changes in cycle, double/triple bottoms or maybe an inverse head and shoulders pattern (amongst other things).

Whatever your view, look for a trade that meets your strategy rules.

With a daily bearish market in play, the last 3 daily candles show a continuation in the trend as #EURAUD sinks lower.

There is a possibility of a correction or consolidation now with price a little over extended from the moving averages.

Agree or disagree?

CAD/CHF Daily

Looking at the bigger picture, sellers are totally control of this market overall.

Price is pushing against the 0.5600 support level for a third time. If this level breaks, it could lead to a continuation of the trend.

The DragonFly Doji shows that the sellers took price to the downside but an area of support was found and the buyers pushed price back up.

Look for the high of the candle to be broken by the next candle as a potential sign of the momentum to continue.

AUD/NZD Daily

A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.

If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern.

With price forming this pattern and MACD divergence, look for a breakout lower and a sell setup that meets your rules.

NZD/USD Daily

Price has printed 2 bullish impulses recently with the 1st originating late last year and the 2nd from the January this year with a 382 pip move from 0.5711 to 0.6093

The current impulse could be over with the 1st bearish daily candle having printed. However this could just be a small pullback and continuation within the move.

When the impulse is complete, look for a bigger correction to possibly one of the Fibonacci levels as shown.