Not in the Trade just yet, waiting on more confirmations, then i will execute if necessary.
Nice key level
Daily highs with strong resistance
78.6 zone with previous downtrend momentum
Looks solid of now
I never usually trade gold but this looks solid.
1) Uptrend Market structure
2) Trend line confirmation
3) Fib at the 61.8 retracement
4) 2 hour price action confirmation
Will use risk management in this trade.
Hope this helps
Perfect set up.
Daily downtrend
Market structure with a fib retrcement of 61.8.
Hits Daily key level and now a nice evening star on the 4 hour which i was waiting for.
No hesitation here to pull the entry.
Good Luck
EURJPY has hit weekly key level at 121.200.
We are descending downward and FIBO is at 61.8.
We have broken uptrend structure on the 1 HOUR.
On the 4 Hour we have a retracement.
Good Luck
AUDUSD is directly at a weekly key level .69000.
We see we are still in a downward momentum which has to looked at very precisely.
FIB is at a 61.8 for retracement and we are still respecting my parallel channel.
Price action has shown a small retrcement in the smaller time frames as well.
Using risk management every trade.
CADJPY is showing a retracement after breaking the downtrend at a 38.2 at the 82.000 weekly key level.
We see that there is a weekly downtrend line that the market is looking to move towards.
I would like a bigger retracement of this to hit the 78.6 or 61.8, but it could shoot up at the 38.2, so i will wait for good price action and other confirmations to take my...
