Patience is the key on waiting for Gold to hit my high Resistance key area forming a Head and Shoulders pattern, obviously going short. Also, break of bullish trendline. Stop Loss is above Resistance Area. Take Profit levels are as shown. Feedback will be highly appreciated.
Enter sell position with risk of 2% of portfolio. 1st target set at @ 1.43575 2nd target set at @ 1.41683 Set stop loss above the resistance area, close position in loss if a confirmation candle closed above the resistance in the hourly time frame. *Confirmation Candle: happens when the candle is > 50% of the complete shape (wicks and candle) Good luck.
Looking at the GBP/USD, I saw the old highs of the 1D candlesticks less than previous prices you can see those small boxes I drew each high lower than previous we should have a downtrend in long term and again I might not be right I'm not a market maker we might have temporarily uptrends
Weekly Long trade on USD/SGD Nice Outside Bar formed on the weekly looking to Long Enter @ 1.35213(retracement to 61.8) SL @ 1.34615 TP1 @ 1.36781 TP2 @ 1.37379
Weekly Long trade on USD/CAD Nice Outside Bar formed on the weekly looking to Long Enter @ 1.27049 (retracement to 61.8) SL @ 1.26130 (23.6) TP1 @ 1.29453 TP2 @ 1.30371
The next month February 2022 we will see the market going downtrend and it will
Looking to Short this trade Enter at 61.8 fib if you will have two positions enter at 78.6 SL at 23.6 Fib TP on 161.8
Follow my channel. I will share my entries once the volatility is solid for GBP/USD; we are just waiting; even if you have made an entry earlier, your trade won't change in number because there is currently no volatility.
In The Dow Jones Index, wave 1 and 2 are completed and ready for heavy fall for wave 3. With the wave floor being struck, a fall is stabilized
Looking to sell the USD/SGD Engulfing Candle on the Daily
Overall, GBP/JPY is trending upwards. Recently, GBP/JPY trended into the resistance zone of 156.000. UK banks will be closed today in observance of New Year’s Day. Expect lower trading volume and volatility during the usual UK market hours. Currently, GBP/JPY is testing the resistance zone of 156.000 and the next support zone is at 151.800. Look for buying...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose in Asia on Thursday morning, but it remained near the low end of its previous range, as did the Japanese yen. However, movements remained minor due to...
As discussed in the earlier post, i had 2 scenarios for this pair. After the liquidity grab below the lows and moving back in, the price remained above and started heading into the upside. The price as discussed reached into the 0.71500 region as discussed and can find some resistance at this point.
Expect bearish price action over there as price takes out liquidity above old highs+weekly high and 1.68000 as a psycho barrier for the price and then quickly reverse to the downside, we should go below old lows of the accumulation. RISK ON in the markets right now as indexes and crypto rise this could make this chart to go lower REMEMBER ONE THING - Smart Money...
If the low breaks that we are currently trading at, the price has the potential into falling down into the 0.70500 region where it will find a support. If the price fails to break i will be looking at 0.71500 as the next region of resistance and where it could reach.
Expect bullish price action on GJ price is right now rejecting an important area of supply POC area x2 + bullish orderblocks + bullish imbalances filled. I expect price to take out today the asian highs but it all depends on the volatility because its friday. What do you think ? Comment below..
Expect the price of JPY to start the selloff as we are approaching an important area of resistance around POC area x2 + bearish orderblock and bearish imbalance fill. This means bullish for xxx JPY pairs. What do you think? Comment below..
Following from yesterdays analysis, the price moved to the upside however didnt go into the buy zone i hoped for. As for today we can see we have a zone of interest we are trading within now. However its best to wait till the EUR/LND open to see the draw of liquidity before entering. The black line is my confirmation once the price crosses above it after...