Immediate support and Resistance levels for your charts.
1H - We've just broken out of the triangle and the price is trying to target the lower support. We're waiting for the 4H close to see if we can break and close under the 1860 level. You can see there is a target above but the market will want you long as high up as possible before they move it away so be careful where you enter.
We would suggest 10-20pip trading in the coming session, a quick in and out as the swings are likely to trigger SLs unless you're trading with large SLs.
1H - We've just broken out of the triangle and the price is trying to target the lower support. We're waiting for the 4H close to see if we can break and close under the 1860 level. You can see there is a target above but the market will want you long as high up as possible before they move it away so be careful where you enter.
We would suggest 10-20pip trading in the coming session, a quick in and out as the swings are likely to trigger SLs unless you're trading with large SLs.
No major news today, however, its Friday and the US session will be sure to move the market. The market is ranging and a breakout is coming soon so its worth reducing lot sizes and like we said trade it level to level. Quick pips in and out. Use the SnR levels we have provided on the charts above
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
USOIL!
Oil - We've been tracking this all the way from our identified supply above.
Members. Start the weekend early, not worth getting stuck in this mess unless you're trading small with large SLs. We're done for the week. See you all on Sunday for the KOG report. Next week is going to be really interesting on the markets.
The group is growing by the day. We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.
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https://t.me/KnightsofGold
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We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
Telegram
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
Invite link:
https://t.me/KnightsofGold
Find us on:
Instagram:
https://www.instagram.com/knights_of_gold/
Twitter:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
Telegram
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
Telegram
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
We're not buying here. We'll wait for Excalibur on Monday and decide what to do. There will be a lot of traders buying the dip here and its late on a Friday. No point getting stuck over the weekend.
Please have a look at the KOG report, like, comment and support to keep the channel going. Wishing all our followers a great weekend, see you on Sunday for the KOG report