ChilhoodTraders

ChilhoodTraders

As Gold has reached its all time high, and still in Bullish trend. We are likely to see it more bullish. Buying Scenario: 1- As Weekly candle Closed bullish breaking Resistance. 2- Impulse Buying can be expected above 2400 closing. Selling Scenario: 1-In Smaller TF, Rejecting from the 2395. 2- Fib Retracement from previous Swing low, Sell Side Liquidity, and...

ChilhoodTraders

Technical Side: 1- Double bottom formation 2- Liquidity Sweep from the major support area 3- Price crossed EMA on 1H How to Trade: 1- Wait for market to create swing high above previous high. 2- Entry at Retracement 0.5 after MSB Other Scenario: 1- If Market closed below Rejects 0.64000 Look for sell. NOTE: Always Place SL, Manage your risk according to...

ChilhoodTraders

Gold was in range for quite some time, Rejected from daily Resistance. Bearish or Selling: 1- Break the trendline and retest it on 30m or 1h. 2- Break the daily support. Bullish or Buying: DYOR Manage risk according to your account size. Always Put stoploss

ChilhoodTraders

Gold has Rejected from the the recent swing high. Broke the Strong area of 2051 on HTF, Retesting this area to enter in bearish zone. Selling If: 1- Bearish candles forms at 2051 area. 2- Selling Trend if market broke the MSB below 3- FVG fill up Buying If: 1- Market Broke the 2051 area. Note: Trade with Proper Risk Management and SLs. DYOA

ChilhoodTraders

If we see previous move, Gold is indicating buy. Buying if: 1- Breaks the 2088 level. Target should be next swing High. 2- Sustain its HHs & HLs 3- Above 50EMA on 4H Selling if: 1- Short term sell if Gold breaks the 2072. Target should be 2052 2- Selling Trend if market breaks the 2042 3- FVG needs to be filled & Developing equal highs Note: Follow...

ChilhoodTraders

As previously Gold was in a bullish trend before the market broke 1922.600 Price level and now it entered in Bearish trend. Possibility: As the news fell the instrument down, we are expecting a retest at 1922.600 level. If the market give selling opportunity from that area, we can take sells till the very last liquidity zone down.

ChilhoodTraders

Pound was making lower highs and lower lows. Previously GBP rejected from the Resistance x3 times and continue pushing down. Scenarios: 1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend. 2- Buying above the top Resistance or Reversal in Trend. Note: Trade...

ChilhoodTraders

The gold broke the previous bullish trend and entered in bearish trend Scenarios: 1- Expecting the price to break the zone below and test the fib 0.61 area with a long wick, Retest the upper zone and continue pushing down towards the 1D Resistance or the zone at the bottom. 2- If gold rejected the zone below and continue pushing up and breaks the Resistance...

ChilhoodTraders

EURUSD is breaking its lowers lows, but right now in ranging mode. If It breaks its LH, Probably we can see Trend Reversal.

ChilhoodTraders

REST WAY Reason Down Trend Break of Up Trend & LL,LH Rejecting Strong Resistance Entry Given on Chart Stop ATR = 20x2 = 40pips Target Support = 1.07575 Demand Zone on 1D = 1.04950 NOTE: Be aware of News today Manage Your Risk accordingly Take Trade on CONFIRMATIONS DYOR

ChilhoodTraders

PATTERN FORMATION XAUUSD is making Inverse Head & Shoulder Pattern on 4H Timeframe. Gold should drop to 1831 level and make a wick at 1825 in order to make Right Shoulder, And will bounce back to 1848 area to complete its pattern. REJECTION Rejection at 1848 RESISTANCE Resistance at 1848 SUPPORT Weak Support at 1837 Strong Support at 1831 TRADE...