Signals for 02/07/2020

Hey guys, I’m back with some more ideas for the next trading session


EURUSD – The price is close to an important resistance level at 1.13, I expect either a false breakout, pullback and fractal, in which case you can short with a target at 1.1240, or an impulsive breakout of the level, also followed by a pullback and fractal on the other side, in which case you can long with a target at 1.1350.

GBPUSD – Absolute same idea, the price is near a resistance at 1.25, either an impulsive breakout, and a long with a target at 1.266, or a false breakout pattern, in which case short with a target at 1.244.

NZDUSD – the price is inside a level at the moment, this could also go either way. Look for a breakout pattern or false breakout pattern, and enter accordingly with a short target at 0.64 and a long target at 0.6565

XAUUSD – the price is in a range right now, so we wait for an impulsive breakout, and then enter in the same direction, long target at 1790, short
target at 1740.

Oil – the price just broke out of a level at 40, if it manages to hold above, long with a target at 41.50.

AMD – The price got a bounce for a support level at 49, right now its inside a resistance around 52 if it manages to hold above, long with a target at 55.

That’s it for today, I hope you found this useful. Have a good one.