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Gold Analysis A.S. 02-22-22Gold is currently in a range. Looks like price is having a difficult time breaking above or below the range, but this just means that price is preparing for a huge breakout. The longer the range, the bigger the breakout. Price might make a move during the London session or pre NY tomorrow. As always, wait for volume to enter the market before placing a trade. If price respects the level of support, it can definitely continue bullish with support from the EMAs.
OANDA:XAUUSD
by dreadhead4_life
2
US30 Scalp Trade Idea 02/07/22US30 is still in this range. Looks like price has tried to break below but failed to do so. A level of support has been formed. I think price will retest that 4H level of resistance to create a wick on the higher TF, and then it will continue the bearish movement later today. I am looking for a buy opportunity leading up to market open. Will wait for a confirmation of entry on the 15M and 5M TF. 1.Price is currently ranging 2. Price created a high within this range 3.Price created a strong level of support and failed to break below 4.If a 15M candle starts to break and close above resistance, there is a probability that price can retest the 4H level of resistance and then begin to reject 5. If price fails to break through resistance (&200EMA), there is a possibility that it can break the minor level of support to retest the bottom of the range and potentially break through and retest the 4H level of support
ULong
by dreadhead4_life
US30 Aftermarket Analysis 02-06-22Looks like US30 is in a huge range on the 4H TF with wicks above and below the level of consolidation. Looking for an opportunity to place a trade if price begins to break either way for a quick scale. My mindset is to wait for a break and close above or below on the 30M TF at least, and to take profits along the way instead of holding the trade for full TP. Patience and discipline will be key! 1. Price is in a 161 Point Range 2. Major level of Resistance & 200EMA 3. Major Level of Support
U
by dreadhead4_life
US30 Scalping Setup 01/25/22Overview: The overall bias of the market is currently bearish. We have been dropping in price for basically a whole month with red day after red day. Price has not mad any kind of retracement so today might be that day. If not, the bloodbath may continue. We will see what happens once the market opens at 9:30am. **Scenario 1: Price continues its bullish momentum during the open of the market at 9:30 once 34550 is broken and the target is 34800 **Scenario 2: Price fails to continue bullish and begins to break its low at 33940 to continue bearish until 33704 As always wait until the market opens and wait for your candle confirmation to enter 1. Price formed a low but had a strong rejection from the 33210 2. Formed a new high 3. Looks like Support has formed
U
by dreadhead4_life
US30 Scalping Setup 01/24/22**Trend is still Bearish, so bears are in favor. Price might do a pullback leading up to market open and then continue bearish. Waiting for the volume to enter the markets and then my signal to enter. ***Everything becomes invalid if price breaks and closes above 34540*** 1. Last week’s low 2. Pullback during market close (aka Asian session) 3. Price has retested the previous low and has formed a new lower low. 4. Price can either form a level of resistance at 34248 or break back into this range to then form a lower high and with market open volume, continue the bearish trend. 5. Waiting for a break of 34100 for price to at least continue bearish to 33980
UShort
by dreadhead4_life
US30 Scalping Setup 1/21/22The market has been bearish all week. The daily candle wicks have been filled and price keeps respecting market structure. Looks like there might be more bearish trend continuation if the lows created from yesterday are broken. If price fails to break these key levels, it can form support to then break the level of resistance and retrace the entire bearish move from yesterday. US30 likes to retrace its big moves made in the market, so either situation can happen. The key is to wait for NYSE open to determine which way will volume push price. 1. 1.Strong bearish candle 2. 2.Price formed a low 3. 3.Resistance was formed and currently bearish to retest the low 4. A break of the low can continue the bearish momentum to create a new lower low 5. Buying opportunity if price breaks 34815 to fill the clean traffic to the left
U
by dreadhead4_life
2
XAUUSD DECISIVE AREA This pair is on a decisive area now. Such area is very volatile to trade but at the same time it could be an opportunity also for traders. As per DOW its making LL LH and in order to break this it has to give closing above the previous LH which is around 1790 at the same time it could retrace back to 1763 and then targeting towards 1750 for new LL. The Ichimoku red cloud is still above while lagging span below which is favoring the bears . However as per Renko strategy with traditional settings it indicates a bullish move along with breaking a parallel bearish channel towards upward, one brick already formed above the channel. On Daryl Guppy both investors and short term traders have merged in between which again means a decisive area as both the long and short MA's are colliding. For hardcore traders it could potentially be a nice hedging setup and they can scalp as well. New comers kindly avoid this area. On daily- kinda inverse double top is formed also On weekly bullish flag is formed On monthly Cup and handle is formed For those who missed last week trades they could follow both the trade plans i have shared . Trade with discipline and without emotions. Get yourself numb of the gossips :) For $1000 account use 0.02 - 0.5 lots and make sure to trail the SL always to recover losses and maximize the gains. Have a safe trade ;)
OANDA:XAUUSD
by MilestoneInvestments
2
US30 Scalping setup for 12/22/21Price is testing a major level of Resistance on the 4H TF that was broken last week. This current movement up could be a pullback for price to reject and then continue bearish once 35280 is broken. Or price can find support from the 200EMA and then continue its bullish movement to retest the previous high at 35900. Waiting for market open volume at 9:30 am to look for a potential buy or sell depending on how price action moves. It is more ideal to wait until the 15M candle or 30min candle to close first before placing a trade with the establish direction.
U
by dreadhead4_life
LTCUSD using SMA as area of value and spotting Market Structure The market moves in a wave fashion, and I like to follow patterns and use price action that is current since I use the 1m TF as I like to be in and out with quick profits. Since movement on lower timeframes is what the market is doing at the exact moment we want to be with the moment by taking note of the current structure. The sma or emas or technical anaylsis they react to the movement of pricing and this is your guide to finding trade opportunities. If you have a understanding of how trends move you almost can predict when to make a perfect entry because you already know the behavior of the trend example high higher and lower high your knowledge of the trend is your guide to higher probability of winning a trade.
COINBASE:LTCUSD
by ScalpProfitFirm