This setup taught by my awesome teacher, a legendary trader from Malaysia, Mansor Sapari.
But man, to get this setup, you need to have a very very strong patience. Of course this setup is not my only setup to trade.
In order to get a complete setup:
Must have
-fakeout
-compression
-cap price zone
-support resistance
-supply zone
-resistance become...
Expecting BTC to move lower at 19k-20k price from current price
Bounce relief might happen. And if we dont hold 40k , ill reentry short and taking profit at 20k
Congratulations for those who hold their entry during asia and london session. Previously I mentioned that the TP is around 2000 and right now still running extra 60 pips.
Before the US session starts I will post my idea on the current gold situation after the London session. It has been a wild pump during the London session, however, correction must be made....
Monitoring Zone : 1.36168-1.35973
As the price has touch previous daily RBS, the price most probably will find next SNR to make decision either continue or reversal. The monitoring zone is around 20pips only and in my analysis, this is the safest zone for full margin if the CMP making confirmation once in the zone.
Trading Plan.
SELL ZONE: 1.36168-1.35973
TP FM:...
I predicted Gold will continue its uptrend towards daily resistance before making decision either to break the resistance or dive after testing the it.
But this week NFP will be out so most probably strong sideways zone will be made before any market decision. Just be careful and monitor both technical and fundamental analysis.
Either way, please monitor the...
HERE IS GOLD MAPPING BASE ON ELLIOT WAVE ANALYSIS, WE ARE LOOKING SHORT IF PRICE REJECT THE KEY LEVEL AND GOT CONFIRMATION ON CHART PATTERN BEARISH. TRADE AT YOUR OWN RISK.
