Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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.
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We're going to play it really safe
Well done if you followed. Nice quick sharp entry and exit. Still lower to go but we'll take what we're given
GBPJPY: 1H

Take this with caution. A lot of you here trade this pair so you'll know what you're doing. Based on our analysis of it we're looking to sell it.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
GBPJPY: 1H Take this with caution. A lot of you here trade this pair so you'll know what you're doing. Based on our analysis of it we're looking to sell it.
GBPJPY - If you entered this protect your trade. This has left a price level down below that we're targeting, however, breaking the level above will move it up towards the negative area. If it breaks up, we won't wait for the stop loss to hit. We'll exit the trade and look to re-enter again higher up.
XAUUSD - 1H

Gold is testing a previous level of strong resistance. We're not far from our target level of 1720. We're not taking any positions yet, we want to see how the market reacts down here. Levels are on the chart, please use them.
IMPORTANT:
As we've always done on this group, we share most of our trades and ideas with you. This one is quite a risky trade, we're sharing it as this is our plan for the day. If
you follow, follow at your own risk!

We're looking for this to go a little lower towards 1720-17. We want to test the long trade at this level for a quick capture towards 1730-35. This could potentially be a risky trade as there is strong bearish momentum. The trade is based on successful support below, if we don't get strong support we won't enter.

We're using a small lot with a stop in place.