This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn...
Last time XAUUSD went in the opposite direction of our target. I hope this time it will respect the support level and the trend line.
The price intersected with:
-The bottom of the rising channel.
These landmarks indicate an uptrend. Our target is 1896,235
The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.
Also for you TA freaks you can see a breakout from a "triangle". Just something to also take...
This is a video from ICT, showing IPDA insights.
So on EURGBP, I actually saw a very similar circumstance playing out like the video above. Price took out the first high of the previous consolidation period, and it depreciates to a level where a key low was at.
The yellow line is a "Rejection Block"
The a few...
The moment of truth is upon us. We have all been spinning our wheels analyzing to no end. The truth is, we do not know where will go, but trust in TA and always remember, your trend is your friend till the end. I hope you all profit heavily from this halving event, long or short, just please do not buy into the bullshit. Trust your TA, trust...
Try and extrapolate the figures represented in the higher timeframe charts. The psychological 777X target is my price target.
Beyond that, I expect to hold the fort until the signs align for the halving event.
Live long and profit.
Nice little channel forming here, I will be watching price near my highlighted zone if signs of bullish momentum show i will enter a buy. Otherwise if rejection is shown there I will consider going short here. Proper risk management, this is not financial advice.
Best of luck!
Purely speculation on my behalf but you have the upcoming election cycle which will propel earnings in the year to come. Institutional buyers will come in purely because of that. And this discount is too good to pass up.
I opened a position yesterday, and added to it this morning.
Bullish divergence (although it may be too soon to speculate), I'm doing so anyway...
I know you think that I shouldn't still love you
Or tell you that
But if I didn't say it, well I'd still have felt it
Where's the sense in that?
I promise I'm not trying to make your life harder
Or return to where we were
I will go down with this ship
And I won't put my hands up and surrender
There will be no white flag above my door
I'm in love and always will...