Blog: Market Analysis

Market analysis, insights and trading ideas on various markets and products!

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo' height='81' width='81' decoding='async'/>

Forex Trading | GBP/USD – A Simple US$1851 Trade

Market Analysis

Last week, I took a simple short trade on the GBP/USD and made a quick US$1851 using the HFT (Hands-Free Trading) strategy.

I’ll be looking at NZD/USD and XAU/USD for my next trade this month, and I will post the results when it is time.

Stay tuned! 😀

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' itemprop="image"/>

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

0 Comments/by Spencer Li

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo' height='81' width='81' decoding='async'/>

Forex Trading | Making a Quick $800+ for AUD/USD on Holiday

Market Analysis

While in Peru, this was one of the forex trades we were taking together, in fact the trade idea came from one of my students! Thanks! 😀

Since I was on holiday, I only took a small 0.5 lot size trade, and made a quick profit of $800+. This was done with no stress or monitoring, and I only checked the position once a day, spending about 5 minutes.

Welcome to the world of (HFT) Hands-Free Trading! Anytime! Anywhere! 😀

Machu Picchu - One of the 7 Wonders of the World

Machu Picchu – One of the 7 Wonders of the World

Hands-Free Trading | Making a Quick $800+ on AUD/USD on Holiday

Hands-Free Trading | Making a Quick $800+ on AUD/USD on Holiday

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' itemprop="image"/>

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

0 Comments/by Spencer Li

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo' height='81' width='81' decoding='async'/>

Forex Price Action Trading | Student’s Trades – EUR/AUD, GBP/USD, Gold

Market Analysis

Some quick updates on our daily forex and Gold trades, using blank charts with no indicators. Clean, simple, and effective! 😀

Forex Price Action Trading | Student's Trades - Gold

Forex Price Action Trading | Student’s Trades – Gold

Forex Price Action Trading | Student's Trades - GBP/USD

Forex Price Action Trading | Student’s Trades – GBP/USD

Forex Price Action Trading | Student's Trades - EUR/AUD

Forex Price Action Trading | Student’s Trades – EUR/AUD

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' itemprop="image"/>

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

2 Comments/by Spencer Li

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo' height='81' width='81' decoding='async'/>

Follow-up on Gold Trade – Neat Profit of $5000 on H4 Charts

Market Analysis

This is follow-up on the trade mentioned in the previous blog post here:
https://synapsetrading.com/forex-commodities-trading-gold-bullish-falling-wedge-h4/

Follow-up on Gold Trade - Neat Profit of $5000 on H4 Charts

Follow-up on Gold Trade – Neat Profit of $5000 on H4 Charts

Profit of $5000 on Gold H4 Charts with 3 lots

Profit of $5000 on Gold H4 Charts with 3 lots

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo lazyload' height='100' width='100' itemprop="image" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 100px; --smush-placeholder-aspect-ratio: 100/100;" /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=100&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=200&d=mm&r=g 2x' class='avatar avatar-100 photo' height='100' width='100' itemprop="image"/>

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

0 Comments/by Spencer Li

<img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' data-src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' data-srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo lazyload' height='81' width='81' decoding='async' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' style='--smush-placeholder-width: 81px; --smush-placeholder-aspect-ratio: 81/81;' /><noscript><img alt='Spencer Li' src='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=81&d=blank&r=g' srcset='https://secure.gravatar.com/avatar/c608fcefb4e1b4ec69cc98ca47e6d8bb?s=162&d=blank&r=g 2x' class='avatar avatar-81 photo' height='81' width='81' decoding='async'/>

Forex & Commodities Trading | Gold – Bullish Falling Wedge on H4

Market Analysis

Forex & Commodities Trading | Gold – Bullish Falling Wedge on H4

Forex & Commodities Trading | Gold – Bullish Falling Wedge on H4

[sociallocker][/sociallocker]

Looking at the chart above, there is a bullish falling wedge on the H4 Gold chart, which could lead to more upside.

A breakout of the wedge has already occured, but 2 legs of movement are common on a wedge, meaning there might be a slight pullback (flag) on the first leg, before having a second leg of movement.

Stay tuned! 😀

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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

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