I LOOKING FOR A REJECT AROUND 1.66000 IN A CONFLUENCE WITH CYCLES, ELLIOT AND MAYBE A HCH. WAIT FOR A CANDLE PATRON AND SELL IT. REMEMBER EVER RISK MANAGAMENT 1:2 MINIMUM
(IF YOU GIVE THE CANDLE PATTERN AND ENTER IN SHORT TAKE THE FIRST BENEFITS AROUND TO 1.64000)
ESTOY BUSCANDO ALGUN RECHAZO EN LA ZONA CERCA DEL 1.66000 QUE DARIA UNA CONFLUENCIA CON CICLOS Y...
Gold show breakout down and now up to retest near trendline again
*** if price still below this zone
It will show sell signal and can hold sell position to next week
with positive swap .
Risk around 50 pips
Bad case : if price more than 1508 will check close price again
if close price more than that will invalid.
Gold will move on to 1600.
Entry @ 1.21570 (Sell Limit)
Stop Loss @ 1.21650 (8 pips)
Target @ 1.21370 (20 pips)
Reward:Risk = 2.5:1
Stay tuned for the updates.
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D1 - Price broke below the triangle pattern, we got pullbacks in the form of double wave, bearish divergence and then we got a trend line breakout.
H4 - Currently it looks like a pullback is happening, bearish hidden divergence.
H1 - Double wave up, bearish divergence.
The price has broken below the most recent trend line we may now start looking for sells...
Sell at market price 1440.9
to Gray dot line
and wait it can drop more or can support at this zone
if cannot should drop to 1420
only trade as market flow.
*** prepare to buy back as its trend
*** High Risk trade please use suitable Lot size
invalid if Gold more than 1448 zone
Its the last day of the month so we might as well finish it with a bang! So let's if the market will give us a bit of money eh? Oh and by the way i'm on 180% Profit so far this year so go ahead and check myfxbook profile. Link on my website tradewithme.co.uk
USDCAD Short/Sell Idea
waiting for a momentum (M30) candle close below 1.3155 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in blue)
3- Rejection/Supply zone from Daily/H4
Three confluences are enough to consider Selling USDCAD, after a break below 1.3155 (in gray)